Hella posted Q2 22 figures that were broadly expected after its usual preliminary release. Sales were down 11% yoy due to the Automotive division, while the Aftermarket and SA demonstrated more resilience. FCF took a hit on every front with lower profitability, soaring inventories and growing capex. FY22 guidance (cut two months ago) was reiterated with management hoping to reach the upper end, despite a seasonally weak Q3 ahead. Cost inflation should continue with energy and wages being the mai ....
14 Jan 2022
Q2 22: Hella’s lights unable to see through fog
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Q2 22: Hella’s lights unable to see through fog
Hella posted Q2 22 figures that were broadly expected after its usual preliminary release. Sales were down 11% yoy due to the Automotive division, while the Aftermarket and SA demonstrated more resilience. FCF took a hit on every front with lower profitability, soaring inventories and growing capex. FY22 guidance (cut two months ago) was reiterated with management hoping to reach the upper end, despite a seasonally weak Q3 ahead. Cost inflation should continue with energy and wages being the mai ....