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HELLA GMBH & CO. KGAA

(HLE)
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Knorr-Bremse Stops Pursuing the Acquisition of a Shareholdering in Hella

07/09/2021 | 11:08pm EDT

On July 10, 2021, the Executive Board of Knorr-Bremse Aktiengesellschaft (XTRA:KBX) decided to stop pursuing a potential acquisition of a majority stake in HELLA GmbH & Co. KGaA (XTRA:HLE). Following careful analysis, the Executive Board determined that the possible transfer of key technologies and products to its own product portfolio would not result in the realization of the expected synergies. The Executive Board of Knorr-Bremse AG is continuously evaluating strategic options for the further development of the Group. The primary focus remains organic growth and the Company continues to explore opportunities to increase the value of the Company through acquisitions or partnerships. "We have always considered opportunities for value-enhancing transactions with leading international companies, which is why we looked at HELLA. However, we did not see the necessary synergies in the potential transfer of competencies, particularly in the commercial vehicle sector. As a result, we determined that this acquisition would not create sufficient additional value for our shareholders," said Jan Mrosik, Chief Executive Officer of Knorr-Bremse AG. "Knorr-Bremse has a clear strategy based on profitable growth and a resilient business model. We will continue on our path of sustainable growth as a successful leading system supplier in the future".


© S&P Capital IQ 2021
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Analyst Recommendations on HELLA GMBH & CO. KGAA
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Financials
Sales 2022 6 776 M 7 945 M 7 945 M
Net income 2022 358 M 420 M 420 M
Net cash 2022 250 M 293 M 293 M
P/E ratio 2022 18,3x
Yield 2022 1,65%
Capitalization 6 722 M 7 891 M 7 882 M
EV / Sales 2022 0,96x
EV / Sales 2023 0,90x
Nbr of Employees 36 500
Free-Float 40,0%
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Technical analysis trends HELLA GMBH & CO. KGAA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 14
Last Close Price 60,50 €
Average target price 57,46 €
Spread / Average Target -5,03%
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Managers and Directors
Rolf Breidenbach President, CEO, Head-Legal & Compliance
Ulric Bernard Schäferbarthold MD-Finance, Controlling & Information Technology
Klaus Kühn Chairman-Supervisory Board
Felix Willing Chief Information Officer
Manuel Frenzel Independent Member-Supervisory Board
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