Forvia Hella's Sales Stagnate Amid Global Automotive Challenges

Forvia Hella announced a nominal sales figure of €5.9 billion for the first nine months of 2024, mirroring the previous year's results. Adjusted for currency fluctuations, sales showed a slight increase of 0.8%, reaching €6.0 billion. This modest growth occurred despite a 1.6% decline in global vehicle production.

The Lighting business group drove growth, with sales rising by 4.1% to €3.0 billion, attributed largely to consolidation with the Chinese joint venture Beijing Hella BHAP Automotive Lighting. However, the Electronics group saw a 3.9% decline due to delayed project launches and challenges in China. The Lifecycle Solutions business faced a 5.7% decrease amid broader economic pressures impacting commercial vehicle investment.