Hella posted Q1 21 revenue down 10.6% yoy, driven by its OEM front (-12.6% yoy). Coupled with negative growth, a lower utilisation rate and restructuring costs (€171.7m) led to net income of €-87.3m (vs. €77.1m in Q1 20). Consequently, FCF fell to €-244.3m (vs. vs. €66.8m in Q1 19), exacerbated by a 2% yoy capex increase and unfavourable working capital. Lastly, the company confirmed its outlook with revenue of €5.6-6.1bn and an EBIT margin of 4-6%.
25 Sep 2020
Does Hella’s FY21 ambition have any basis?
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Does Hella’s FY21 ambition have any basis?
HELLA GmbH & Co. KGaA (HLE:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,128m
- Published:
25 Sep 2020 -
Author:
David Chaucayanqui -
Pages:
3
Hella posted Q1 21 revenue down 10.6% yoy, driven by its OEM front (-12.6% yoy). Coupled with negative growth, a lower utilisation rate and restructuring costs (€171.7m) led to net income of €-87.3m (vs. €77.1m in Q1 20). Consequently, FCF fell to €-244.3m (vs. vs. €66.8m in Q1 19), exacerbated by a 2% yoy capex increase and unfavourable working capital. Lastly, the company confirmed its outlook with revenue of €5.6-6.1bn and an EBIT margin of 4-6%.