HELLA GmbH & Co. KGaA (HLLGY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Hella Investor Call for the Hella Annual Results Fiscal Year 2025. The call will be hosted by Professor Peter Leier, the CEO, and Philippe Vinay, the CFO. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Professor Leier. Yeah, good morning everybody and a warm welcome in the name of Philippinea and myself to our 2025 results call. We go at first through the presentation, if you can go to the next slide. With the following agenda, we would like to talk first about achievements in 2025. Then Philippe will have a look to the financial results in 2025 more in detail and will talk about the outlook for financial year 2026. Then I will talk about the strategic priorities for 2026 and the key takeaways and after that we will come to questions. Yeah, let me first talk about achievements in 2025. We had seen an increase of profitability in 2025 and a flattish development of sales, excluding FX, where we ended up with 8.017 billion euro sales. If we consider FX then we have a reduction of sales of 2.1% to 7.855. Our growth continues in electronics, where we grow by 6.9% to more than 3.2 billion, specifically driven by products like radar sensors, battery management systems, car access systems and others. And it's important to say we grow in electronics in all regions. On the other side, lighting sales, our other business group has dropped down in 2025 in comparison to 2024 by 8.2% to a little bit more than 3.6 billion euro. That is related to some phase-out of high volume programs and only partially compensated by new ramp-ups of new business. Our third business group, Lifecycle Solutions, had...