Hella's electronics business was impacted, but its lighting business remained stable

Due to the slowdown in the electrification transformation of the European market and the reduction in sales of high-voltage battery management systems, Hella's electronics business sales decreased by 0.6% year-on-year to 1.66 billion euros in the first half of the year. However, Hella increased its operating profit margin by 17% to 127 million euros by actively increasing gross profit, reducing R&D expenses, and cutting outsourcing services. At the same time, Hella's lighting business remained stable, with sales increasing by 5.0% year-on-year to 1.9 billion euros and operating profit of 99 million euros, an increase of 8.8% year-on-year. In the first half of 2024, Faurecia's Faurecia business (seats, interiors, exhaust and Clarion) had sales of 9.5 billion euros, a year-on-year decrease of 1.3%. Hella's business (lighting, electronics and after-sales) had sales of 4 billion euros, a year-on-year increase of 0.9%. From a profitability perspective, Faurecia achieved an operating profit margin of 4.8%, while Hella's operating profit margin was 6.2% in the same period.