FORVIA HELLA Reports Stable Financial Outcomes Despite Industry Challenges

FORVIA HELLA, known for its lighting and electronics innovation, reported its financial results for fiscal year 2024, navigating a tough market landscape. Delving into the specifics, currency-adjusted sales rose slightly by 1.3% to €8.1 billion, while reported sales remained unchanged at €8 billion compared to the previous year. Global vehicle production faced a downturn, with a notable 4.3% drop in Europe.

Operating income saw a reduction to €446 million, primarily due to underutilized production facilities. This, in turn, affected the operating income margin, now at 5.6%, down from 6.1% the previous year. The net cash flow, as a percentage of reported sales, stood at 2.4%.

The Lighting Business Group benefited from consolidating Beijing Hella BHAP Automotive Lighting, contributing to a 2.8% sales increase. However, Electronics and Lifecycle Solutions saw declines due to postponed launches and deteriorating market conditions.

The company's order intake surpassed €10 billion, driven by strong performance in Asia and America. Despite challenging market conditions, for 2025, FORVIA HELLA projects sales between €7.6-8 billion with a focus on cost structure improvements and strategic market expansions.