FORVIA HELLA Publishes Half-Year Results 2024: Slight Improvement in Sales and Earnings

FORVIA HELLA announced its half-year results for 2024, showing a slight improvement in a challenging market. Currency-adjusted sales rose by 1.6% to €4.06 billion, while reported growth was 0.9%. Operating income increased to €248 million, with an operating income margin slightly up at 6.2%.

Lighting sales grew 3.0% due to full consolidation of a joint venture, while Electronics sales fell 1.7% due to customer mix and a temporary electrification slowdown in Europe. Lifecycle Solutions sales dropped by 2.6%, impacted by declining market volumes of key customer groups.

FORVIA HELLA's competitiveness program aims to realize significant gross savings by 2028, primarily through performance and structural levers. The company reconfirmed its outlook, expecting adjusted sales between €8.1 billion and €8.6 billion and an operating income margin between 6.0% and 7.0%.