HELLA GmbH & Co. KGaA (HLLGY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, good morning to all of you and very warm welcome to our call related to our preliminary results of the fiscal year 2024. Today's agenda on page two is on the results and also on the outlook for 2025. Please let me start on page four to give you an overall view on our key results. So overall, we surpassed first time 8 billion euros in 2024. If we look at the sales development, especially in Q4, we have seen a decent development for our business in the electronics. We have grown in electronics by around 3%. So a good acceleration, especially for our radar business, but as well for energy management and our body electronics business. Also, our business in aftermarket has grown in the fourth quarter quite decently. We had overall in the aftermarket a good year with an outperformance against the market, overall a growth of 4.4%. Negatively, within the lifecycle business, our business in SOE but as well workshop products declined so that overall lifecycle was shrinking. Negatively, we have seen in lighting that the fourth quarter was lower because of changes within bigger programs where we have seen ramp downs and we are actually in preparation for ramp ups. This is something which we will also continue to see now starting into the year for lighting overall, but more to that also when I come to the guidance overall. So the full year in total, it has been a year where we have been much impacted by delays on several programs. So overall, this has had an impact of around 2% on our growth. And as well, we have been impacted by slower volumes and much lower volumes in terms of electric cars, which also had an impact which was quite significant against our original planning, around 1.5% overall. If we look at our operating income, we are at 5.6% to the end of the year. The ...