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The Independent Automotive Aftermarket Federation

HELLA Annual General Meeting decision increases dividend to € 1.05 per share


Date: 15-Oct-2018

HELLA GmbH & Co. KGaA shareholders decided upon a dividend payment of € 1.05 per share (previous year: € 0.92) at its Annual General Meeting. This corresponds to a 14 percent increase and a total distributed sum of approximately € 117 million. In making this decision, the automotive supplier's shareholders followed the recommendation of the Management Board, the Shareholder Committee and the Supervisory Board.

HELLA had completed fiscal year 2017/2018 (June 1, 2017 to May 31, 2018) with reported sales of € 7.1 billion and adjusted earnings before interest and taxes (adjusted EBIT) of € 581 million. "In the previous fiscal year, we attained all our targets in full and continued our profitable growth path," said HELLA CEO Dr. Rolf Breidenbach in his address to the shareholders. "We are grateful for the trust our shareholders place in us and the esteem thus shown. We are pleased to give them an even greater share of the company's success." 

On the occasion of the Annual General Meeting, Dr. Rolf Breidenbach also confirmed the outlook for the current fiscal year 2018/2019, saying, "Rarely has the automotive industry experienced such significant change. HELLA has many opportunities to benefit from this transformation. To this end, we laid the groundwork at an early stage and aligned ourselves with the major trends in the automotive market. We also intend to build on this foundation in the current fiscal year despite an increasingly uncertain market by serving as a beacon of reliability and continuity while continuing on our profitable growth path."

In addition to increasing the dividend, the shareholders also approved all other motions submitted and thus, with a large majority, expressed their confidence in the Management Board, Shareholder Committee and Supervisory Board. Approximately 500 shareholders and guests took part in the fourth Annual General Meeting since flotation on the stock exchange. 

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