Preliminary Q4 2024 Hella GmbH & Co KgaA Earnings Call Transcript
Key Points
- HELLA GmbH & Co KGaA (HLKHF) surpassed €8 billion in sales for the first time in 2024, with notable growth in the electronics segment.
- The company achieved a strong order intake of around €10 billion for the third consecutive year, indicating robust demand and a diversified customer base.
- HELLA GmbH & Co KGaA (HLKHF) implemented significant cost reduction measures, including a global headcount reduction of 2,100, which is expected to improve profitability.
- The company is optimistic about its midterm outlook, with significant acquisitions and new product generations positioning it well for future growth.
- HELLA GmbH & Co KGaA (HLKHF) is committed to sustainability, aiming to be emission-free for Scope 1 and 2 by the end of 2025, and is working towards its 2030 and 2045 targets.
- The lighting segment experienced a decline in Q4 due to program changes and ramp-downs, impacting overall sales.
- HELLA GmbH & Co KGaA (HLKHF) faced delays in several programs, affecting growth by approximately 2% and impacting electric vehicle volumes by 1.5%.
- The company experienced underutilization of production sites and high market volatility, negatively impacting profitability.
- The life cycle business saw a decline, particularly in the SOE and workshop products segments.
- HELLA GmbH & Co KGaA (HLKHF) anticipates continued challenges in 2025 due to high uncertainty in volumes and potential delays in ramp-ups.
The conference is now being recorded.
Good morning ladies and gentlemen, and welcome to the Hella Investor Call on the preliminary results for the fiscal year 2024.
The call will be hosted by Bernard Schäferbarthold, the CEO, and Philippe Vienney, the CFO.
At this time, all participants have been placed on a listen-only mode.
The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Mr. Schäferbarthold.
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Good morning to all of you and very warm welcome to our call related to our preliminary results of the fiscal year 2024.
Today's agenda on page two is on the results and also on the outlook for 2025.
Please let me start on page four to give you an overall view on our key results.
So, overall, we surpassed first time â¬8 billion in 2024, and if we look at the sales development, especially in Q4, we have seen a decent development for our business in
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