ElringKlinger AG : Asset disposals trigger a cut to the FY 2024 guidance
>Separation from non-core assets leading to significant non-cash impairments - ElringKlinger has signed an agreement with the Certina Group for the sale of its two Group companies located in Sevelen (CH) and Buford, GA (USA), which produce parts and components for thermal and acoustic shielding. Both assets were identified and classified as non-core, because of their muted future growth prospects in a technically changing automotive market. Moreover, to successfully ...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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