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Hella fiscal Q3 profit falls YOY

Hella GmbH & Co. KGaA said its normalized net income for the fiscal third quarter ended Feb. 28 came to 42 euro cents per share, a decrease of 33.9% from 63 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €46.5 million, a decrease of 26.6% from €63.3 million in the prior-year period.

The normalized profit margin dropped to 3.6% from 4.9% in the year-earlier period.

Total revenue increased 8.7% year over year to €1.39 billion from €1.28 billion, and total operating expenses grew 12.4% on an annual basis to €1.32 billion from €1.17 billion.

Reported net income came to €63.2 million, or 57 cents per share, compared to €63.0 million, or 63 cents per share, in the year-earlier period.