ElringKlinger AG : A bet on the successful transition of the portfolio to electric mobility
>Q2 2023 prelims not as bad as feared, but we need more clarity - On 10 July, ElringKlinger pre-released the KPIs on its Q2 2023: group sales were up +9% y-o-y to € 468.7m, which was -2% vs our expectations. Group adjusted EBIT was up significantly from € 1.8m a year ago to € 24.8m in Q2 2023 (ODDO BHF: € 17.7m). We have no other details on Q2 2023 results for the time being, but it would seem fair to take the Q1 2023 performance at the respective divisions as a basis...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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