ElringKlinger AG : Q1 2020 y-o-y EBIT increase driven by aftermarket and cost improvement
>Final Q1 2020 in line with prelims.; EBIT driven by AM and lower costs - ElringKlinger yesterday reported final Q1 2020 results in line with the preliminaries announced 17 April. For Q1 2020, it posted group sales of € 396m (-10% y-o-y organic), mainly due to COVID-19 related plant closures at OE customers with some mitigating impact from strong aftermarket sales growth (+17% y-o-y). Group EBIT for Q1 2020 came in at € 16m (4.0% margin, +250bp y-o-y) above the previ...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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