Hella profits driven by automotive
Hella increased its group sales by 8.9% to around €6.4bn in fiscal year 2015/2016 ending on 31 May 2016.
‘We have again grown strongly in 2015/2016 in what has been a challenging market environment,’ said Dr Rolf Breidenbach, CEO at Hella. ‘We are especially proud that Hella could improve sales across all three segments – automotive, aftermarket and special applications. This confirms us in our belief that our focused product portfolio and our broad global footprint have put us on the road to success. We intend to continue down this route going forward.’
The automotive segment again recorded significant growth in fiscal year 2015/2016 on the back of new products and a strong automotive market. External segment sales grew by 10.1% to €4.8bn. Growth was driven predominantly by new product launches – including complex LED technologies, electronic systems and components for energy management, driver assistance and electronic steering.
The company anticipates positive business performance in fiscal year 2016/2017. This outlook is supported by the group’s three strategic approaches of building its own market position based on its significant technological know-how and innovative product solutions; further advancing its global expansion, mainly in China and North America (NAFTA) where the company has identified promising opportunities; and seek to further increase its own operational excellence.
Hella has about 34,000 permanent employees worldwide, almost 5.7% more than in the previous year.