FORVIA HELLA Shareholders Approve Dividend Proposal at Annual General Meeting

FORVIA HELLA Shareholders Approve Dividend Proposal at Annual General Meeting

(IN BRIEF) FORVIA HELLA GmbH & Co. KGaA, in its Annual General Meeting held on April 26, 2024, saw its shareholders overwhelmingly approve the proposed dividend, maintaining the company’s established dividend policy. With a dividend payout of €0.71 per share, totaling €79 million, approximately 30 percent of the net result will be distributed to shareholders, consistent with previous years. CEO Bernard Schäferbarthold expressed confidence in the company’s strategic positioning, citing strong order intake and opportunities within the FORVIA Group. Additionally, he highlighted the significance of 2024 as the company marks its 125th anniversary, emphasizing its commitment to technological leadership and continuous growth. The meeting, attended by around 120 shareholders, further affirmed the company’s stability and investor confidence.

(PRESS RELEASE) LIPPSTADT, 27-Apr-2024 — /EuropaWire/ — The shareholders of HELLA GmbH & Co. KGaA (“FORVIA HELLA”) approved the dividend proposal at Annual General Meeting 2024 with a majority of 99.99 percent. All other items on the agenda were also approved by a large majority.

As part of the Company’s established dividend policy, a dividend of €0.71 per share will therefore be paid out. With a total amount of €79 million, around 30 percent of the net result will be distributed to shareholders as before. In the fiscal year 2023 (1 January to 31 December 2023), FORVIA HELLA generated adjusted sales of €8.1 billion, an operating income margin of 6.1 percent and a net cash flow in relation to sales of 2.6 percent. The earnings for the period (net result) was €266 million.

“We achieved satisfactory results in 2023 in a volatile, challenging market environment and achieved all of our targets for the year,” said Bernard Schäferbarthold, CEO of FORVIA HELLA, in his speech at the Annual General Meeting. “FORVIA HELLA is strategically well positioned for the future. We have the right technologies, we are globally positioned. Our order intake is strong, as a company of the FORVIA Group we have even more opportunities for the future. And we are already setting the course today for our success tomorrow.”

In his speech, Bernard Schäferbarthold also addressed the significance of the year 2024 for the Company: “FORVIA HELLA will celebrate its 125th anniversary this year. Since the Company was founded on 11 June 1899, we have been shaping mobility with our lighting products and later also with our electronic solutions. The anniversary not only fills us with pride, but is also an obligation and an incentive for the future: not to stand still, but to work every day to maintain and continuously expand our technological leadership and competitive position.”

As in the previous year, the Annual General Meeting 2024 was held in Rheda-Wiedenbrück. It was attended by around 120 shareholders and further guests; 89.99 percent of the share capital was represented at the time of the vote.

An overview of the voting results and the speech of the CEO will be published on the Company’s homepage (in the Investor Relations section, under Annual General Meeting 2024).

Media Contact:

Daniel Morfeld
Press Officer
Rixbecker Str. 75
59552 Lippstadt
Phone: +49 2941 38-7566
Fax: +49 2941 38-477545
Daniel.Morfeld@forvia.com

SOURCE: HELLA GmbH & Co. KGaA