Hella’s 9M revenue and profit numbers (29 February) were just below our projections and below last year’s numbers, whereas cash from operations was up. Management has reacted accordingly and reduced the headcount by 6% since February last year (APAC -11%; Europe -4.5%; Americas -7.1%). It is not giving any guidance for the current quarter as visibility has disappeared.
02 Apr 2020
The last quarter before the COVID-19 outbreak outside China
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The last quarter before the COVID-19 outbreak outside China
HELLA GmbH & Co. KGaA (HLE:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,128m
- Published:
02 Apr 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Hella’s 9M revenue and profit numbers (29 February) were just below our projections and below last year’s numbers, whereas cash from operations was up. Management has reacted accordingly and reduced the headcount by 6% since February last year (APAC -11%; Europe -4.5%; Americas -7.1%). It is not giving any guidance for the current quarter as visibility has disappeared.