Hella’s Q1 EBIT drops 27% y/y to USD77 million
Company's earnings hit by supply chain problem owing to failure of Chinese supplier
Germany-based automotive lighting and electronics supplier Hella reported 27% year-over-year (y/y) decline in EBIT to EUR69 million (USD77.1 million) in the first quarter ended 31 August 2015, the company said in a press release last week (17 September).
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