ElringKlinger AG
ZIL2
ISIN DE0007856023 / Valor 1358142
ElringKlinger AG
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About company
ElringKlinger AG is a global system partner to the automotive industry, specializing in e-mobility, lightweight solutions, sealing and shielding technology, and tooling. The company, in partnership with hofer powertrain, develops and produces highly efficient electric drive units (EDUs) under the hofer powertrain products brand. ElringKlinger's core competences include tool technology, showcased at the Toolmaking Technology Center at their Lenningen site. Additionally, the company offers complete lithium-ion battery storage systems and modules for sustainable electric vehicles, as well as various individual components. With a commitment to shaping the future of mobility, ElringKlinger is a strong and reliable partner in providing innovative product solutions for all types of drives, contributing to sustainable mobility in both passenger cars and commercial vehicles. In the fiscal year 2023, the company reported an increase in revenue and adjusted earnings before interest and taxes, demonstrating its financial strength and growth in the industry.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (19.09.2025):
ElringKlinger AG has reported its financial results for the third quarter of 2023, showing a slight increase in organic revenue and a significant improvement in adjusted EBIT compared to the same period last year. The company has also confirmed its full-year earnings outlook and revised its revenue guidance based on updated market projections.
Revenue Performance
In the third quarter of 2023, ElringKlinger AG achieved organic revenue growth of 0.7%, amounting to EUR 451.6 million. This reflects a slight increase excluding currency adjustments, compared to EUR 464.1 million in Q3 2022. Over the first nine months, the Group's revenue surged by 5.9% to EUR 1,408.1 million.
Improved Earnings
The adjusted EBIT for Q3 2023 rose to EUR 22.7 million, up from EUR 18.5 million in the previous year, resulting in an adjusted EBIT margin of 5.0%, compared to 4.0% in Q3 2022. For the first nine months, adjusted EBIT increased by over 100% to EUR 73.9 million, with the margin nearly doubling to 5.2%.
Financial Position Strengthened
ElringKlinger AG enhanced its financial health by increasing net working capital to EUR 509.5 million and significantly improving operating free cash flow to EUR 11.7 million in Q3 2023. The company's net financial debt decreased by EUR 44.7 million to EUR 366.3 million, reducing the debt ratio to 1.8.
Guidance Update
The Group has confirmed its full-year 2023 earnings outlook and revised its revenue guidance to anticipate organic growth of approximately 3 to 5%, underpinned by higher S&P market projections. This adjustment reflects updated internal forecasts and changed customer scheduling arrangements.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
304 M
Market cap (USD)
10,984
Daily traded volume (Shares)
4.25 / 4.165
1 day high/low (USD)
52 weeks high/low (USD)
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