ElringKlinger AG : Full release of FY 2023 without major surprises and FY 2024 guidance looks broadly in line with expectations
>FY 2023 results are in-line with the pre-released KPIs - ElringKlinger already pre-released F 2023 KPIs down to the reported EBIT line and its operating FCF two weeks ago. Today’s full release confirms these prelims: Reported group sales are +3% y-o-y to € 1.85bn with an organic growth rate of +4.6% and group adj. EBIT is up 46% y-o-y to € 100m with an adj. EBIT margin of 5.4%. FY 2023 Group reported EBIT increased from -€ 42m a year ago to € 83m in the period under ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.