ElringKlinger

EQS-News: 2023 financial year: ElringKlinger records improved earnings and high nomination volume for e-mobility applications

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Wednesday, April 10, 2024
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This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."

Key Points: 
  • This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."
  • In the financial year just ended, the Group managed to increase revenue by 2.7% to EUR 1,847.1 million (2022: EUR 1,798.4 million).
  • Thus, net income attributable to shareholders of ElringKlinger AG amounted to EUR 39.3 million in 2023 (2022: EUR -89.1 million).
  • This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."

EQS-News: Klaus Eberhardt to step down from Supervisory Board

Retrieved on: 
Wednesday, April 10, 2024
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Dettingen/Erms (Germany), March 14, 2024 +++ The Chairman of the Supervisory Board of ElringKlinger AG, Klaus Eberhardt, today has informed the company of his intention to step down from his position upon conclusion of the upcoming Annual General Meeting on May 16, 2024, in the interests of timely succession planning.

Key Points: 
  • Dettingen/Erms (Germany), March 14, 2024 +++ The Chairman of the Supervisory Board of ElringKlinger AG, Klaus Eberhardt, today has informed the company of his intention to step down from his position upon conclusion of the upcoming Annual General Meeting on May 16, 2024, in the interests of timely succession planning.
  • Commenting on his decision, Klaus Eberhardt said, "ElringKlinger is very well positioned when it comes to pursuing its path of transformation.
  • Having recently turned 76, it is an opportune moment for me to pass on my Supervisory Board duties and chairmanship to younger hands."
  • Klaus Eberhardt has been a member of the Supervisory Board since May 16, 2013, and has held the position of Chairman since May 16, 2017, succeeding Prof. Walther H. Lechler.

EQS-News: ElringKlinger AG: Proposal for unchanged dividend payment, Ludger Heuberg nominated as Supervisory Board member

Retrieved on: 
Wednesday, April 10, 2024
Financial management, Annual, EUR, HR, Supervisory board, Committee, CFO, ElringKlinger, Lufthansa Cargo, University, Annual general meeting, Thomas Cook Group, Robert Bosch GmbH

ElringKlinger AG: Proposal for unchanged dividend payment, Ludger Heuberg nominated as Supervisory Board member

Key Points: 
  • ElringKlinger AG: Proposal for unchanged dividend payment, Ludger Heuberg nominated as Supervisory Board member
    The issuer is solely responsible for the content of this announcement.
  • ElringKlinger AG: Proposal for unchanged dividend payment, Ludger Heuberg nominated as Supervisory Board member
    Proposed dividend of EUR 0.15 per share, unchanged year on year
    Dettingen/Erms (Germany), March 26, 2024 +++ At its meeting today, the Supervisory Board of ElringKlinger AG endorsed the Management Board's proposal for a dividend payout of EUR 0.15 per share.
  • The Supervisory Board concurred with the Nomination Committee's recommendation to propose Ludger Heuberg as a new member of the Supervisory Board at the Annual General Meeting on May 16, 2024.
  • Helmut P. Merch has been a member of the Supervisory Board of ElringKlinger AG since July 2020.

EQS-News: ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow

Retrieved on: 
Wednesday, March 13, 2024
Uncertainty, ElringKlinger, EUR, Depreciation, Annual report, Tax, Lithium

ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow

Key Points: 
  • ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
    The issuer is solely responsible for the content of this announcement.
  • ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
    Revenue expands by 2.7% to EUR 1,847 million (2022: EUR 1,798 million), organic revenue growth of 4.6%
    Adjusted EBIT at EUR 100.1 million (2022: EUR 68.4 million), adjusted EBIT margin of 5.4% (2022: 3.8%) at upper end of guidance range
    Operating free cash flow up substantially at EUR 36.7 million (2022: EUR 14.8 million)
    Net financial debt scaled back to EUR 323 million (2022: EUR 364 million), Net debt/EBITDA ratio at 1.6 (2022: 2.1)
    Dettingen/Erms (Germany), March 13, 2024 +++ Based on preliminary, unaudited figures, ElringKlinger AG can look back on a successful 2023 financial year.
  • Compared to the previous year, the Group managed to increase revenue by 2.7% to EUR 1,847.1 million (2022: EUR 1,798.4 million).
  • ElringKlinger reduced its net financial debt by a further EUR 41.0 million or 11.3% to EUR 323.2 million in the 2023 financial year (2022: EUR 364.2 million).

EQS-News: Q3 2023: ElringKlinger announces improved earnings and cash flow metrics

Retrieved on: 
Tuesday, November 7, 2023
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In the Asia-Pacific region, ElringKlinger generated revenue of EUR 79.8 million in the period from July to September 2023 (Q3 2022: EUR 101.4 million).

Key Points: 
  • In the Asia-Pacific region, ElringKlinger generated revenue of EUR 79.8 million in the period from July to September 2023 (Q3 2022: EUR 101.4 million).
  • After deducting income tax expenses, ElringKlinger recorded net income for the period of EUR 4.7 million (Q3 2022: EUR 3.9 million).
  • ElringKlinger generated operating free cash flow of EUR 11.7 million in the third quarter of 2023 (Q3 2022: EUR -10.2 million).
  • As a result, cash flow improved significantly compared to the two previous quarters as well as on a year-on-year basis.

Automotive Exhaust Manifold Market size to grow by USD 735.08 million from 2023 to 2028 | Market is fragmented due to the presence of prominent companies like Benteler International AG, BG Products Inc. and BorgWarner Inc., and many more

Retrieved on: 
Friday, November 3, 2023
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NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The Automotive Exhaust Manifold Market is estimated to increase by USD 735.08 million, accelerating at a CAGR of 5.4% during the forecast period.

Key Points: 
  • NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The Automotive Exhaust Manifold Market is estimated to increase by USD 735.08 million, accelerating at a CAGR of 5.4% during the forecast period.
  • The automotive exhaust manifold market is fragmented owing to the presence of many global and regional companies.
  • Automotive Exhaust Manifold Market 2024 – 2028: Regional Analysis
    The Asia-Pacific (APAC) region is anticipated to make a substantial 42% contribution to the global market's growth during the forecast period.
  • Hydraulic Manifold Market in UK : The hydraulic manifold market in UK is estimated to grow at a CAGR of 3.49% between 2022 and 2027.

EQS-News: ElringKlinger records solid third quarter 2023 based on preliminary results

Retrieved on: 
Thursday, October 26, 2023
ElringKlinger, EBITDA, Growth, Financial Oversight and Management Board for Puerto Rico, Annual report, Forecasting, NWC, EUR, EBIT, Film industry, Beauty salon

Group revenue for third quarter of 2023 up slightly by 0.7% in organic terms; excluding currency adjustments, revenue amounted to EUR 451.6 million (Q3 2022: EUR 464.1 million)

Key Points: 
  • Group revenue for third quarter of 2023 up slightly by 0.7% in organic terms; excluding currency adjustments, revenue amounted to EUR 451.6 million (Q3 2022: EUR 464.1 million)
    Year-on-year improvement in adjusted EBIT at EUR 22.7 million and adjusted EBIT margin at 5.0% for third quarter 2023 (Q3 2022: EUR 18.5 million and 4.0%)
    Full-year earnings outlook for 2023 confirmed, revenue guidance for 2023 revised on the basis of new internal revenue forecast due to higher S&P market projections
    Dettingen/Erms (Germany), October 25, 2023 +++ ElringKlinger AG has announced its preliminary results for the third quarter of 2023.
  • Adjusted for exchange rate effects, revenue was up slightly by 0.7% or EUR 3.2 million for the period from July to September 2023.
  • Revenue generated in the first nine months totaled EUR 1,408.1 million (9M 2022: EUR 1,329.3 million).
  • The Group will publish its full financial results for the third quarter of 2023 on November 7, 2023.

EQS-News: ElringKlinger appoints Thomas Jessulat as CEO and names Dirk Willers as a new member of the Management Board

Retrieved on: 
Thursday, September 28, 2023
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He had most recently held the position of Spokesperson of the Management Board on an interim basis.

Key Points: 
  • He had most recently held the position of Spokesperson of the Management Board on an interim basis.
  • In addition, the former head of the Aftermarket segment, Dirk Willers, was newly appointed to the Management Board.
  • Dirk Willers restructured our Aftermarket business from top to bottom and, in particular, realigned Sales to create a more powerful presence.
  • Before joining ElringKlinger in 2015, the 49-year-old business graduate held senior management positions at Daimler AG for over 12 years.

EQS-News: New EKPO order marks first strategic step into the electrolysis market

Retrieved on: 
Wednesday, August 30, 2023
Partnership, Electrolysis, Hydrogen, ElringKlinger, Research, Gesellschaft mit beschränkter Haftung, Marketing, PEM, Water, Horizon Fuel Cell Technologies, Renewable energy

Dettingen/Erms (Germany), August 30, 2023 +++ EKPO Fuel Cell Technologies GmbH (EKPO) and H-TEC SYSTEMS GmbH have entered into a contractual agreement for the development of stack components for PEM electrolyzers.

Key Points: 
  • Dettingen/Erms (Germany), August 30, 2023 +++ EKPO Fuel Cell Technologies GmbH (EKPO) and H-TEC SYSTEMS GmbH have entered into a contractual agreement for the development of stack components for PEM electrolyzers.
  • EKPO will contribute its expertise in development, large-scale production of stack components, and defect reduction in the context of highly automated operations.
  • The development, which has already started, and the production of the prototypes to be supplied under the agreement will take place in Germany.
  • We look forward to advancing our series production and the quality of our products in cooperation with EKPO."

EQS-News: ElringKlinger with increased profitability in the first half of 2023

Retrieved on: 
Thursday, August 3, 2023
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Adjusted for currencies, revenue increased by EUR 46.9 million or 10.9% in the second quarter of 2023.

Key Points: 
  • Adjusted for currencies, revenue increased by EUR 46.9 million or 10.9% in the second quarter of 2023.
  • In the Asia-Pacific region, ElringKlinger generated revenue of EUR 83.9 million in the second quarter of 2023 (Q2 2022: EUR 79.4 million).
  • In the first half of 2023, revenue remained unchanged year on year at EUR 165.3 million (H1 2022: EUR 165.3 million).
  • ElringKlinger received significant orders in the first half of 2023, the details of which were disclosed via official announcements.