Report
Hella GmbH & Co. KGaA : Long way to go to reach sustainably higher EBIT margin levels
>Final 2019-20 results without surprises vs prelims - Last week, Hella reported its final 2019-20 results in line with prelims as of end-July. Final 2019-20 group sales came in at € 5.8bn (-17% y-o-y, organic -14% y-o-y), and reflect an outperformance of global LV production of +3.2pp (+10.9pp per year). Adj. group EBIT declined 59% y-o-y to € 233m, corresponding to a marked margin decline to 4.0% (-4.5pp y-o-y), well below historic levels (last five-year average 7....
Underlying
HELLA GmbH & Co. KGaA
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Harald Eggeling
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