HELLA GmbH & Co. KGaA

Latest Results (29.08.2026):

HELLA GmbH & Co. KGaA – first quarter of fiscal year 2026: Reported sales were €1.9 billion (-2.9% year‑on‑year, currency-adjusted stable at €2.0 billion), operating income was €96 million (margin 5.0%), net result improved to €32 million, and net cash flow improved to -€49 million. The company confirms its full‑year 2026 guidance.

Key financials

Reported sales: €1.9bn (Q1 2025: €2.0bn; currency-adjusted: stable at €2.0bn). Operating income: €96m (Q1 2025: €109m); operating margin: 5.0% (prior: 5.5%). Net result: €32m (prior: €24m). Net cash flow: -€49m (prior: -€61m), or -2.5% of sales (prior: -3.0%). Global light‑vehicle production fell ~3.4% in the period.

Business‑group performance

Electronics: sales €889m (+2.7% reported; +6.8% organic) and is now the largest Business Group. Lighting: sales €843m (-10.8% reported; -7.7% organic), hit by series phase‑outs and weaker volumes in Americas/Europe (but growth in Asia). Lifecycle Solutions: sales €262m (+3.3% reported; +5.6% organic), driven by trucks/buses, agri/construction machinery and aftermarket.

Profitability and cash flow trends

Profitability held up through cost management and cost-structure improvements despite lower Lighting volumes. Operating margin eased to 5.0% but management expects margin and net cash flow improvement over the remainder of the year. Net cash flow improved vs prior year though still seasonally negative at quarter start.

Outlook and guidance

Guidance for fiscal 2026 confirmed: currency‑adjusted sales ~€7.4–7.9bn, operating income margin ~5.4–6.0%, and net cash flow at least 1.8% of sales. Management flags geopolitical risk (Middle East) and is implementing measures to cushion supply‑chain price increases.

Management priorities

CEO Peter Laier highlights Electronics as the primary growth field (zonal modules, radar, e‑mobility components), targeted growth in Lifecycle Solutions, and a transformation plan for Lighting to regain volume growth and improve profitability through process, material and product‑cost optimization.