ElringKlinger AG : Low visibility ahead, focus on cash flow management
>Final 2019 results in line with preliminary numbers - On 30 March, ElringKlinger released final 2019 results in line with the preliminary numbers provided in February. 2019 group sales came in at € 1,727m (+1.6% y-o-y, organic +0.5% y-o-y). Group EBIT pre-PPA stood at € 63m (3.7% margin, -220bp y-o-y) and thus below guidance (4-5% margin). Operating FCF came in at € 176m (2018: -€ 86m) and improved mainly thanks to working capital (+€ 159m effect y-o-y), markedly lo...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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