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Hella fiscal Q4 profit climbs 55.5% YOY

Hella GmbH & Co. KGaA said its normalized net income for the fiscal fourth quarter ended May 31 was 77 euro cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS increased 39.9% year over year from 55 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €85.2 million, a gain of 55.5% from €54.8 million in the prior-year period.

The normalized profit margin increased to 5.3% from 3.9% in the year-earlier period.

Total revenue grew 15.5% on an annual basis to €1.62 billion from €1.40 billion, and total operating expenses increased 13.0% from the prior-year period to €1.48 billion from €1.31 billion.

Reported net income increased 41.9% year over year to €76.6 million, or 69 cents per share, from €54.0 million, or 54 cents per share.

For the year, the company's normalized net income totaled €2.39 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €2.69.

EPS rose 9.0% from €2.19 in the prior year.

Normalized net income was €253.9 million, an increase of 15.9% from €219.1 million in the prior year.

Full-year total revenue grew 9.2% from the prior-year period to €5.83 billion from €5.34 billion, and total operating expenses grew 9.0% year over year to €5.43 billion from €4.98 billion.

The company said reported net income increased 28.7% on an annual basis to €286.9 million, or €2.70 per share, in the full year, from €223.0 million, or €2.23 per share.