Hella posted FY19/20 revenue down 14.3% yoy, driven by its automotive segment (-14.3% yoy, and 84.4% of total sales). This translated into net income of €-431m (-168.4% yoy) and a -0.7% yoy FCF (favourable working capital and -21.7% yoy capex). As for the outlook, revenue is expected to be €5.6-6.1bn, and the adjusted EBIT 4-6%. We expect both metrics to land near the lower end of their respective ranges.
14 Aug 2020
Are government subsidies enough to spark a recovery?
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Are government subsidies enough to spark a recovery?
HELLA GmbH & Co. KGaA (HLE:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,128m
- Published:
14 Aug 2020 -
Author:
David Chaucayanqui -
Pages:
3
Hella posted FY19/20 revenue down 14.3% yoy, driven by its automotive segment (-14.3% yoy, and 84.4% of total sales). This translated into net income of €-431m (-168.4% yoy) and a -0.7% yoy FCF (favourable working capital and -21.7% yoy capex). As for the outlook, revenue is expected to be €5.6-6.1bn, and the adjusted EBIT 4-6%. We expect both metrics to land near the lower end of their respective ranges.