Fiscal Year 2023: FORVIA HELLA Reports Significant Sales Growth and Profitability Improvement

Fiscal year 2023 marked a milestone for FORVIA HELLA, as the company achieved a notable increase in sales and profitability. The currency-adjusted sales surged by 12.7 percent, reaching €8.1 billion, while the operating income margin witnessed a two-percentage-point improvement, settling at 6.1 percent. The net cash flow in relation to sales was reported at 2.6 percent.

The company's performance in different sectors contributed to this achievement. The Lighting business group saw a 13.0 percent increase in sales, operating at €3.9 billion with significantly enhanced profitability. The Electronics division also performed well, with a 7.9 percent increase in sales, driven by demand for automated driving and electrification solutions. The Lifecycle Solutions business group achieved a 7.9 percent sales growth, reaching €1.1 billion, buoyed by the spare parts and workshop businesses.

In line with its established dividend policy, FORVIA HELLA plans to propose a dividend of €0.71 per share at the Annual General Meeting on 26 April 2024. Looking forward, the company anticipates slight improvements in sales, earnings, and net cash flow for fiscal year 2024, despite a volatile market environment. CEO Bernard Schäferbarthold emphasizes the strategic positioning of the company and its readiness to adapt to changing market conditions.