HELLA GmbH KGaA XTRA:HLE Stock Report

Klaus Kühn resigns as Chairman of the Supervisory Board and as a member of HELLA’s Shareholders’ Committee

The Chairman of the Supervisory Board and the member of the Shareholders Committee of HELLA GmbH & Co. KGaA (HELLA), Klaus Kühn, has informed the Management Board that he will resign from his mandate on the Supervisory Board and the chairmanship thereof as well as his mandate on the Shareholders Committee at the end of the HELLA Annual General Meeting on 30 September 2022 for personal reasons. A decision is to be taken in the near future on an appropriate succession plan, which will then be put to the Annual General Meeting for approval. Klaus Kühn has been an independent member of HELLAs Shareholders Committee since 2010, and a member of the Supervisory Board since 2014, assuming the role as the Boards Chairman in 2019. His previous positions included several years as Chief Financial Officer at Bayer AG.

Compagnie Plastic Omnium SE (ENXTPA:POM) entered into a share purchase and assignment agreement to acquire 33.33% stake in HBPO GmbH from HELLA GmbH & Co. KGaA (XTRA:HLE) for EUR 290 million.

Compagnie Plastic Omnium SE (ENXTPA:POM) entered into a share purchase and assignment agreement to acquire 33.33% stake in HBPO GmbH from HELLA GmbH & Co. KGaA (XTRA:HLE) for EUR 290 million on 28 July, 2022. The transaction is subject to customary regulatory approvals. The deal is expected to close in the fourth quarter of 2022.

HELLA GmbH & Co. KGaA to Report Fiscal Year 2022 Results on Jul 20, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 results: EPS: €0.44 (down from €1.52 in 3Q 2021). Revenue: €1.62b (up 4.6% from 3Q 2021). Net income: €49.0m (down 71% from 3Q 2021). Profit margin: 3.0% (down from 11% in 3Q 2021). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 91%. Over the next year, revenue is forecast to grow 9.7%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.

HELLA GmbH & Co. KGaA Announces Shareholders Committee Changes

The Chairman of the Shareholders Committee of HELLA GmbH & Co. KGaA, Carl-Peter Forster, has informed the Management Board of company that he will resign from the Shareholders Committee and its position as Chairman as of the end of the General Meeting on 30 September 2022, allowing him to concentrate on new business activities. Furthermore, Horst Binnig resigns from the Shareholders Committee as of 30 April 2022 for personal reasons. A replacement process has been launched and will be completed shortly.