ElringKlinger AG : Increased internal awareness and external pressure to trigger FCF improvement
>FCF improvement measures put in place after disappointing 2018 - Following clearly disappointing 2018 results and thus growing external pressure and internal awareness, ElringKlinger (ZIL2) has begun to work on measures to improve its operating FCF. To grasp the magnitude of disappointment, recall that the 2018 EBIT pre PPA margin came in at 5.9%, short of guidance (c.7%); op. FCF stood at € -86m (2017: € -67m); and the net financial debt/EBITDA ratio increased to 3....ElringKlinger is a holding company. Co., through its subsidiaries, is engaged in the manufacturing and supply of cylinder-head and specialty gaskets, plastic housing modules, thermal and acoustic shielding parts for engine, transmission and exhaust tract applications, exhaust gas purification systems and components for lithium-ion batteries and fuel cells. Alongside vehicle and engine manufacturers, Co.'s customer base includes numerous automotive suppliers, particularly in the field of turbochargers, exhaust technology and transmission engineering. Co.'s operating business is divided into five segments: Original Equipment, Aftermarket, Engineered Plastics, Services and Industrial Parks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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