Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — H1 2026 Earnings Presentation
27 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Jul 30, 2026
Slide 1: HELLA H1 2026 Results
HELLA H1 2026 RESULTS January 1, 2026 – June 30, 2026 July 30, 2026
Slide 2: Agenda
01 Achievements 02 Financial Results AGENDA 03 Lighting Transformation Accelerated 04 Outlook FY 2026 05 Key Takeaways P.2 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 3: Achievements
01 ACHIEVEMENTS HELLA H1 FY 2026 Results P.3 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 4: HELLA organic sales growth above market – cost measures ongoing
HELLA ORGANIC SALES GROWTH ABOVE MARKET – COST MEASURES ONGOING ORGANIC SALES GROWTH OI MARGIN AT 5.4% NET CASH FLOW AT €66M › At constant FX, sales YoY +1.6% › OI Margin at 5.4% › Net Cash Flow at €66m vs. to €4,040m › Savings in R&D expenses – ratio €114m H1 FY 2025 • Electronics sales1 YoY up 6.6
Slide 5: Ambitious order intake targets 2026 met – regional and customer diversification continued
AMBITIOUS ORDER INTAKE TARGETS 2026 MET – REGIONAL AND CUSTOMER DIVERSIFICATION CONTINUED H1 FY 2026 order highlights STRONG ORDER INTAKE IN CORE GROWTH PRODUCTS › Large scale HV-BMS, smart car access and radar sensors for US OEMs, SOP 2027 and 2028 ELECTRONICS › LV DC/DC converter order and roll-ou
Slide 6: Financial Results
02 FINANCIAL RESULTS HELLA H1 FY 2026 Results P.6 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 7: Group organic growth – Electronics and Lifecycle business driving group performance
GROUP ORGANIC GROWTH – ELECTRONICS AND LIFECYCLE BUSINESS DRIVING GROUP PERFOMANCE GROUP SALES IN €M Global outperformance and further success in -0.2% -68 Electronics 3,979 3,972 › Electronics with strong growth momentum, sales notably 62 driven by radar, energy management like LV-DC/DC and +1.6% I
Slide 8: Global market outperformance driven by APAC and Europe
GLOBAL MARKET OUTPERFORMANCE DRIVEN BY APAC AND EUROPE HELLA GROUP PERFORMANCE AT CONSTANT FX +1.6% HELLA -1.0% market Electronics strong in Europe, Lighting growth Global outperformance +2.5% in China EUROPE AMERICAS ASIA/ PACIFIC, ROW › Successful business development with radar, smart car access
Slide 9: Electronics with continued sales momentum – profitability increase supported by cost reductions
ELECTRONICS WITH CONTINUED SALES MOMENTUM – PROFITABILITY INCREASE SUPPORTED BY COST REDUCTIONS Strong organic sales growth, radar business with global momentum › Europe: new launches and ramp-ups of 77Ghz radar, growing energy management and smart car access business In €m H1 FY 2025 H1 FY 2026 › N
Slide 10: Lighting H1 2026 performance lower than prior year
LIGHTING H1 2026 PERFORMANCE LOWER THAN PRIOR YEAR – FOCUS ON BOTTOM-LINE IMPROVEMENT IN H2 FY 2026 Sales influenced by the end of series projects – growth in China › Europe: phase-out of series projects and low volumes of e- mobility projects, partly compensated by individual ramp-ups In €m H1 FY 2
Slide 11: Lifecycle Solutions continues its growth path
LIFECYCLE SOLUTIONS CONTINUES ITS GROWTH PATH – MARGIN IMPROVEMENT WITH TOP LINE INCREASE & SAVINGS Top line growing mainly due to Special OE business, Aftermarket back to growth › Special OE: sales increase with market recovery especially in customer segments agriculture, construction machinery, an
Slide 12: Increase of EBIT and net income
INCREASE OF EBIT AND NET INCOME In €m1 H1 FY 2025 H1 FY 2026 YoY Change Sales 3,978 3,972 -0.2% COGS (3,053) (3,111) +1.9% Double-digit percentage increase of EBIT % of sales -76.9% -78.3% +145bps and Net Income Gross Profit 919 861 - 6.3% › EBIT up by 22.3% to €169m % of Sales 23.3% 21.6% - 145bps
Slide 13: Net cash flow down with planned restructuring expenses
NET CASH FLOW DOWN WITH PLANNED RESTRUCTURING EXPENSES NET CASH FLOW TANGIBLE CAPEX in €m and % of sales in €m and % of sales 114 203 -49 164 66 -19.2% H1 FY 2025 H1 FY 2026 H1 FY 2025 H1 FY 2026 2.9% 1.7% 5.1% 4.1% DOWN BY €49M TO €66M DOWN BY 19% TO €164M › Increase in planned restructuring expens
Slide 14: Lighting Transformation Accelerated
03 LIGHTING TRANSFORMATION ACCELERATED HELLA H1 FY 2026 Results P.14 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 15: Lighting transformation accelerated with focus on bottom line
TO REACT TO ADDITIONAL MARKET HEADWINDS LIGHTING TRANSFORMATION ACCELERATED WITH FOCUS ON BOTTOM LINE SAFEGARD 2026 & 2027 AND RETURN TO 2025 c.3% OPERATING MARGIN IN 2028 Tightened market headwinds in H1 Reshape Lighting Transformation Program (LTP) BOTTOM LINE › Cost pressures further intensified
Slide 16: LTP 2.0 expands the transformation to accelerate profitability improvement
LTP 2.0 EXPANDS THE TRANSFORMATION TO ACCELERATE PROFITABILITY IMPROVEMENT AND COMPETITIVENESS Core elements of LTP 1.0 and LTP 2.0 LTP 1.0 LTP 2.0 + Focus on growth and customer Results Delivery Office (RDO) › Net Order Intake in H1 FY 2026 >two times vs. H1 PY Bottom line › Net Order Intake >75% o
Slide 17: One drumbeat, six modules, full transparency – LTP 2.0 execution
ONE DRUMBEAT, SIX MODULES, FULL TRANSPARENCY – LTP 2.0 EXECUTION ANCHORED BY VALIDATED P&L IMPACT LTP 2.0 bottom-line actions Strengthened program governance & execution › Structured steering › Close financial impact tracking › Board-backed escalation to drumbeat established with quantified P&L effe
Slide 18: Outlook FY 2026
04 OUTLOOK FY 2026 HELLA H1 FY 2026 Results P.18 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 19: Declining market in 2026 – headwinds expected to increase in H2 driven by China
DECLINING MARKET IN 2026 – HEADWINDS EXPECTED TO INCREASE IN H2 DRIVEN BY CHINA Expected global light vehicle production Expected light vehicle production per region in million units, S&P Global Mobility per July 2026 in million units, S&P Global Mobility per July 2026 -2.1% H1/2026 at 44.8m -1.0% Y
Slide 20: HELLA FY 2026 outlook confirmed
HELLA FY 2026 OUTLOOK CONFIRMED COMPANY OUTLOOK JAN 1, 2026, TO DEC 31, 2026, taking into consideration the S&P forecast of around 91.1 million light vehicles to be produced in 2026 Sales Between around €7.4 to €7.9 billion Currency and portfolio adjusted OI Margin Between around 5.4% to 6.0% of sal
Slide 21: Key Takeaways
05 KEY TAKEAWAYS HELLA H1 FY 2026 Results P.21 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 22: Key Takeaways
KEY TAKEAWAYS H1 2026 DEVELOPMENT OUTLOOK FY 2026 LIGHTING AS EXPECTED CONFIRMED TRANSFORMATION 2.0 › Sales at constant FX growing › Sales between around › Transformation of Lighting 1.6% to ~€4bn, outperforming €7.4bn and €7.9bn accelerated: LTP 2.0 with strong global LVP by 250bps › OI margin betw
Slide 23: Appendices
APPENDICES P.23 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 24: Upcoming events CY 2026
UPCOMING EVENTS CY 2026 October 30, 2026 • Preliminary Q3 FY 2026 (after market close) November 12, 2026 • Q3 FY 2026 (after market close) • Analysts Meeting @Deutsche November 25*, 2026 *to be confirmed Eigenkapitalforum, Frankfurt P.24 | HELLA H1 FY 2026 Results | Conference Call, July 30, 2026
Slide 25: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION H1 FY 2025 H1 FY 2026 HELLA Group sales Worldwide 3,979 3,972 in €m 2,187 2,278 Europe +4.2% 979 882 Americas -9.9% 813 812 Asia/Pacific & Rest of World -0.1% Light vehicle production Worldwide 45,183 44,751 in 1.000 units 8,838 8,809 Europe -0.3% 9,182 9,21
Slide 26: Disclaimer
DISCLAIMER ◦ This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In add
Slide 27: -ORVIA
-ORVIA (HELLA = —
HELLA GmbH & Co. KGaA — H1 2026 Earnings Presentation on 6ix