Automotive supplier Hella sees only slight growth opportunities in the current financial year due to sluggish market development.

Adjusted sales in 2024 will be between 8.1 and 8.6 billion euros, the company, which is listed in the MDax small-cap index, announced on Friday. The lower end of the range marks the record result from the previous year, which the Group had already published in its preliminary annual report in mid-February. According to the Group, the operating income margin should almost double to around six to seven percent. Overall, global vehicle production will stagnate, and in Europe it will decline, said Group CEO Bernard Schäferbarthold. Shareholders can nevertheless look forward to a regular dividend of EUR 0.71 per share, following a payout of EUR 0.27 per share in the previous year.

(Report by Philipp Krach, edited by Myria Mildenberger. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)