Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — FY2025 Earnings Presentation
28 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Mar 19, 2026
Slide 1: HELLA 12M 2025 Results
HELLA 12M 2025 RESULTS January 1, 2025 – December 31, 2025 March 19, 2026
Slide 2: Agenda
01 Achievements 02 Financial Results 03 Outlook FY 2026 AGENDA 04 Strategic Priorities 05 Key Takeaway P.2 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 3: Achievements
01 ACHIEVEMENTS HELLA 12M FY 2025 Results P.3 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 4: HELLA with increase of profitability with cost measures
HELLA WITH INCREASE OF PROFITABILITY WITH COST MEASURES SALES FLAT OI MARGIN UP › Excluding FX, flat at €8,017m › OI Margin up around 50bps to 6% › HELLA group sales -2.1% to €7,855m › Acceleration of cost reduction measures › Electronics sales1 up 6.9% to €3,207m with growth › Contribution from res
Slide 5: HELLA with strong net cash flow performance – established dividend policy continued
HELLA WITH STRONG NET CASH FLOW PERFORMANCE – ESTABLISHED DIVIDEND POLICY CONTINUED NET CASH FLOW UP DIVIDEND PAYMENT PROPOSED › Net Cash Flow up by 68% to €318m (PY €189m) › Net Income at €93m (PY €371m including €116m › NCF/sales ratio up to 4.0% (PY 2.4%) book gain1) › Increased funds from operat
Slide 6: Order intake underlines global customer access with advanced technology & product portfolio
ORDER INTAKE UNDERLINES GLOBAL CUSTOMER ACCESS WITH ADVANCED TECHNOLOGY & PRODUCT PORTFOLIO 2025 order intake €10bn ACHIEVEMENTS flat vs. 2024 DIVERSIFIED REGIONAL MIX Order Share 2025 › Several awards in Americas for Lighting and Electronics › Order intake in APAC from local and 18% international O
Slide 7: Further highlights in FY 2025 – confirmation of technological leadership
FURTHER HIGHLIGHTS IN FY 2025 – CONFIRMATION OF TECHNOLOGICAL LEADERSHIP WORLD PREMIERES PRESTIGIOUS FlatLight µMX DEBUTS iPDM LAUNCHED INTO AT AUTO SHANGHAI AWARDS IN CHINA AS DAYTIME RUNNING SERIES PRODUCTION LIGHT ❯ HELLA showcased ❯ Zhilu Award for ❯ Debut of FlatLight ❯ iPDM as the first severa
Slide 8: Financial Results
02 FINANCIAL RESULTS HELLA 12M FY 2025 Results P.8 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 9: Organic sales nearly stable, growth coming from Electronics business
ORGANIC SALES NEARLY STABLE, GROWTH COMING FROM ELECTRONICS BUSINESS Electronics with global growth momentum 12M FY 2025 vs 12M FY 2024 Group Sales in €m in all regions -2.1% › Electronics with continued strong growth momentum across all major regions, sales notably driven by radar, 8,025 -8 -7 -154
Slide 10: Lighting with declining sales – cost reductions could partially compensate negative topline effects
LIGHTING WITH DECLINING SALES – COST REDUCTIONS COULD PARTIALLY COMPENSATE NEGATIVE TOPLINE EFFECTS LIGHTING Sales harmed by the end of series projects In €m 12M FY 2024 12M FY 2025 › Ramp-up of existing series production for headlamps and rear 3,944 3,619 combination lamps in Europe could only part
Slide 11: Electronics with continued global sales momentum – profitability increase supported by cost reductions
ELECTRONICS WITH CONTINUED GLOBAL SALES MOMENTUM – PROFITABILITY INCREASE SUPPORTED BY COST REDUCTIONS Strong organic sales growth, radar business with ELECTRONICS global momentum In €m 12M FY 2024 12M FY 2025 › Successful business with radar and EPS drives growth in External Sales 3,001 3,207 Ameri
Slide 12: Lifecycle Solutions with organic sales growth in H2/FY2025 – margin improvement due to savings
LIFECYCLE SOLUTIONS WITH ORGANIC SALES GROWTH IN H2/FY2025 – MARGIN IMPROVEMENT DUE TO SAVINGS Full year sales development slightly negative – LIFECYCLE SOLUTIONS back to growth in H2 at constant FX In €m 12M FY 2024 12M FY 2025 › Stable development of the spare parts business with an expanded Exter
Slide 13: Sales largely at prior year level – profitability improvement with increased R&D efficiency
SALES LARGELY AT PRIOR YEAR LEVEL – PROFITABILITY IMPROVEMENT WITH INCREASED R&D EFFICIENCY In €m1 12M FY 2024 12M FY 2025 YoY Change Gross Profit Margin slightly down by 21bps Sales 8,025 7,855 - 2.1% (6,180) (6,066) -1.8% › Negative volume and mix effects weight down Gross Profit COGS % of sales -
Slide 14: Net cash flow increased due to operational improvements and strong investment discipline
NET CASH FLOW INCREASED DUE TO OPERATIONAL IMPROVEMENTS AND STRONG INVESTMENT DISCIPLINE NET CASH FLOW Net Cash Flow up, increase of €129m to €318m in €m and % of sales 318 › Higher funds from operations 189 +129 › Positive Working Capital contribution; increase in payables with more favorable payme
Slide 15: Outlook FY 2026
03 OUTLOOK FY 2026 HELLA 12M FY 2025 Results P.15 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 16: Stagnating market in 2026 – coming from a strong LVP development in 2025 especially in China
STAGNATING MARKET IN 2026 – COMING FROM A STRONG LVP DEVELOPMENT IN 2025 ESPECIALLY IN CHINA Expected global light vehicle production Expected light vehicle production per region, in million units, S&P Global Mobility per February 2026 S&P Global Mobility per February 2026 -0.2% H1/2026 at 44.7m -1.
Slide 17: HELLA FY 2026 Outlook
HELLA FY 2026 OUTLOOK Company Outlook Jan 1, 2026, to Dec 31, 2026, Taking into consideration the S&P forecast of around 92.8 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 sales Net Cas
Slide 18: Strategic Priorities
04 STRATEGIC PRIORITIES HELLA 12M FY 2025 Results P.18 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 19: HELLA strategy focuses on transformation and growth – portfolio organized into two clusters
HELLA STRATEGY FOCUSES ON TRANSFORMATION AND GROWTH – PORTFOLIO ORGANIZED INTO TWO CLUSTERS TWO COMPLEMENTARY CLUSTERS “GROWTH” AND “VALUE” WITH CLEAR ROLES & STRATEGIC OBJECTIVES STRATEGIC OBJECTIVES: GROWTH GROWTH ELECTRONICS core growth engine driven by ▪ Accelerating long-term growth with increa
Slide 20: Lighting: declining sales and margin erosion – re-sharpen activities initiated before
LIGHTING: DECLINING SALES AND MARGIN EROSION – RE-SHARPEN ACTIVITIES INITIATED BEFORE HELLA LIGHTING FACED SEVERAL HELLA ACTIVITIES TO IMPROVE LIGHTING CHALLENGES BUSINESS External Sales €m OI Margin (%) +3.0% -8.2% STREAMLINE 3,831 3,944 3,619 3.4 3.4 3.3 3.0 3.2 2.4 2.9 European competitiveness pr
Slide 21: Lighting: focus on transformation of business model – restore competitiveness & get back to growth
LIGHTING: FOCUS ON TRANSFORMATION OF BUSINESS MODEL – RESTORE COMPETITIVENESS & GET BACK TO GROWTH TRANSFORMATION PROGRAM AS HOLISITC FRAMEWORK STARTED IN 2025 – ADDRESSES ALL LEVELS OF BUSINESS UNDER DISCIPLINED GOVERNANCE Growth & ❯ Diversify customer base - grow in NSA and China, enter India Cust
Slide 22: Key Takeaways
04 KEY TAKEAWAYS HELLA 12M FY 2025 Results P.22 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 23: Key Takeaways
KEY TAKEAWAYS Overall solid performance Outlook FY 2026 – no Focus on transformation in FY 2025 market tailwind expected and growth › Stable sales at €8bn, › HELLA outlook FY 2026 › Portfolio organized into two supported by growth in • Sales between around complementary clusters with Electronics €7.
Slide 24: Appendices
APPENDICES P.24 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 25: Upcoming Events
UPCOMING EVENTS April 23, 2026 • Prelim Q1 FY 2026 April 29, 2026 • Q1 FY 2026 April 30, 2026 • AGM July 30, 2026 • H1 FY 2026 P.25 | HELLA 12M FY 2025 Results | Conference Call, March 19, 2026
Slide 26: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION 12M FY 2024 12M FY 2025 HELLA Group sales Worldwide 8,025 7,855 in €m 4,397 4,377 Europe -0.5% 1,809 1,748 Americas -3.4% 1,818 1,731 Asia/Pacific & Rest of World -4.8% Light vehicle production Worldwide 89,594 93,045 in 1.000 units 17,175 17,031 Europe -0.8
Slide 27: 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 28: -ORVIA
-ORVIA (HELLA = —