HELLA GmbH & Co. KGaA (HLLGY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This conference will be recorded. Good morning, ladies and gentlemen, and welcome to the Hella Investor Call on the results for the first half year of fiscal year 2025. This call will be hosted by Bernhard Schäfer-Barthold, the CEO, and Philippe Vignier, the CFO of Hella. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentations. Let me now turn the floor over to your host, Bernhard Schäfer-Barthold. Very warm welcome to our earnings call for the first half of 2025. I'm here together with Philippe, CFO at Hella, and Kathleen Dode, who is heading investor relations. So, starting immediately on page four of our presentation, if we look at the key figures and the key achievements in the first half. So, looking first on the sales side, so our organic sales are at 4 billion, largely at previous year level, minus 2.4% year on year. Reported sales are at minus 1.3%, with some headwinds specifically in the second quarter. If we look specifically on our business groups, lighting was down in the first half, 7.4%. Specifically, the end of larger volume projects were the reason on that sales trend. Electronics is with a continuous good momentum, a growth of 6.6%, and now at 1.6 billion on the first half. Specifically, our radar business, but as well business related to our energy management division is growing quite decent. Life cycle solution. was impacted by a weak demand on commercial vehicles. So overall, on the first half, year-on-year, down 6.6%. On a positive note, specifically on our special application business, we are now seeing that the negative trend is now ending, and we are more optimistic in terms of the development on the second half. And if we look at our operating income margin, we ar...