ElringKlinger

Gaskets and Seals Industry to Cross $77 Billion by 2027 - Global Market Analysis Featuring Profiles of Key Players Including AB SKF, Dana, ElringKlinger, and Flowserve - ResearchAndMarkets.com

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Monday, April 25, 2022
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The global gaskets and seals market reached a value of US$ 60.2 billion in 2021.

Key Points: 
  • The global gaskets and seals market reached a value of US$ 60.2 billion in 2021.
  • What are the key driving factors and challenges in the global gaskets and seals market industry?
  • What is the structure of the global gaskets and seals market industry and who are the key players?
  • What is the degree of competition in the global gaskets and seals market industry?

DGAP-News: Contract of CEO Dr. Stefan Wolf extended ahead of schedule, guidance for 2022 suspended

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Friday, April 1, 2022
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Contract of CEO Dr. Stefan Wolf extended ahead of schedule, guidance for 2022 suspended

Key Points: 
  • Contract of CEO Dr. Stefan Wolf extended ahead of schedule, guidance for 2022 suspended
    The issuer is solely responsible for the content of this announcement.
  • The contract of CEO Dr. Stefan Wolf was extended ahead of schedule by an additional four years until January 31, 2027.
  • Shortly before the end of the contractual term, Dr. Wolf will have reached the age of 65.
  • The resolution passed by the Supervisory Board is aimed at ensuring continuity at the helm of the Group.

DGAP-News: ElringKlinger concludes 2021 financial year with strong growth in revenue and earnings

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Friday, April 1, 2022
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In the financial year just ended, the Group managed to propel revenue by 9.7% to EUR 1,624.4 million (2020: EUR 1,480.4 million).

Key Points: 
  • In the financial year just ended, the Group managed to propel revenue by 9.7% to EUR 1,624.4 million (2020: EUR 1,480.4 million).
  • ElringKlinger's largest sales region in terms of revenue, the Rest of Europe, posted strong revenue growth of EUR 65.4 million or 15.4%, taking the total to EUR 488.8 million in the 2021 financial year (2020: EUR 423.4 million).
  • Revenue from sales in North America expanded by 7.1% or EUR 26.0 million to EUR 393.7 million in 2021 (2020: EUR 367.7 million).
  • In the Asia-Pacific region, meanwhile, ElringKlinger generated revenue of EUR 325.4 million in the 2021 financial year (2020: EUR 274.8 million), which corresponds to growth of EUR 50.6 million or 18.4%.

DGAP-News: ElringKlinger presents preliminary results for fiscal 2021: strong EBIT margin and further reduction in debt

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Saturday, March 5, 2022
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ElringKlinger presents preliminary results for fiscal 2021: strong EBIT margin and further reduction in debt

Key Points: 
  • ElringKlinger presents preliminary results for fiscal 2021: strong EBIT margin and further reduction in debt
    The issuer is solely responsible for the content of this announcement.
  • Assuming constant exchange rates, revenue growth in the last twelve months amounted to EUR 150.2 million or 10.1%.
  • The efficiency enhancement program that ElringKlinger has been pursuing since 2019 was again reflected in improved earnings in the financial year just ended.
  • The Group recorded earnings before interest and taxes (EBIT) of EUR 102.0 million (2020: EUR 27.7 million), which corresponds to a margin of 6.3% (2020: 1.9%).

DGAP-News: EKPO supplies fuel cell stacks for intralogistics vehicles

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Saturday, March 5, 2022
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EKPO will exclusively take over series production and industrialization of the stacks after the development phase, which is scheduled to start after the planned market entry of the Globe XLP powertrain in early 2023

Key Points: 
  • EKPO will exclusively take over series production and industrialization of the stacks after the development phase, which is scheduled to start after the planned market entry of the Globe XLP powertrain in early 2023
    Dettingen/Erms (Germany), March 02, 2022 +++ EKPO Fuel Cell Technologies GmbH (EKPO) and Globe Fuel Cell Systems GmbH (Globe) have agreed on a development and supply contract for fuel cell stacks for intralogistics vehicle powertrains.
  • EKPO will then exclusively supply the stack modules for Globe's fuel cell system, starting from 2023.
  • "The agreement with Globe again demonstrates that our fuel cell stacks have a wide range of potential applications.
  • EKPO already has the installed capacity to produce fuel cell stacks industrially, which is critical to support ambitious and fast projects such as Globe's", says Julien Etienne, Chief Commercial Officer at EKPO Fuel Cell Technologies.

DGAP-News: Change in management at EKPO Fuel Cell Technologies

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Monday, February 21, 2022
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In 2016, he was also entrusted with the management of the Fuel Cell Technology division, while relinquishing responsibility for the Cylinder-head Gaskets division.

Key Points: 
  • In 2016, he was also entrusted with the management of the Fuel Cell Technology division, while relinquishing responsibility for the Cylinder-head Gaskets division.
  • He brought his extensive knowledge and experience to bear in spearheading ElringKlinger's fundamental advances in battery technology and its fuel cell business.
  • Most recently, he played a pivotal role during the founding stages of EKPO Fuel Cell Technologies in his capacity as General Manager.
  • For further information, please contact on behalf of EKPO Fuel Cell Technologies:
    Telefon: +49 7123 724-88335 | E-Mail: [email protected]
    EKPO Fuel Cell Technologies (EKPO), headquartered in Dettingen/Erms (Germany), is a leading joint venture in the development and large-scale production of fuel cell stacks for CO2-neutral mobility.

DGAP-News: EKPO Fuel Cell Technologies receives follow-up order for fuel cell applications in commercial aviation sector

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Thursday, February 3, 2022
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Over the next two years, EKPO will provide development services and deliver fuel cell stacks optimized for aerospace applications.

Key Points: 
  • Over the next two years, EKPO will provide development services and deliver fuel cell stacks optimized for aerospace applications.
  • The stacks, based on the NM12 platform, will be integrated into the customer's further development, aiming to use fuel cell power for the commercial aerospace sector.
  • Julien Etienne, Chief Commercial Officer of EKPO, comments: "This order and the entire partnership with Aerostack demonstrate not only the wide range of applications of fuel cells, but also the technological leadership of EKPO.
  • For further information, please contact on behalf of EKPO Fuel Cell Technologies:
    Telefon: +49 7123 724-88335 | E-Mail: [email protected]
    EKPO Fuel Cell Technologies (EKPO), headquartered in Dettingen/Erms (Germany), is a leading joint venture in the development and large-scale production of fuel cell stacks for CO2-neutral mobility.

DGAP-News: ElringKlinger supplies prototypes of battery system for high-end sports car

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Monday, December 20, 2021
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Dettingen/Erms (Germany), December 16, 2021 +++ ElringKlinger AG has been awarded a contract by Pich Engineering AG in the field of battery technology.

Key Points: 
  • Dettingen/Erms (Germany), December 16, 2021 +++ ElringKlinger AG has been awarded a contract by Pich Engineering AG in the field of battery technology.
  • As part of this contract, ElringKlinger will develop and supply prototypes of a battery system for an all-electric sports car engineered by the Swiss-German manufacturer.
  • In addition to the battery modules, the battery units also include the battery management system.
  • "The contract illustrates that ElringKlinger's innovatory and performance capabilities in the field of battery technology have become a compelling proposition.

DGAP-News: EKPO Fuel Cell Technologies and DR Powertrain collaborate in supplying fuel cell systems to Chinese Market

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Wednesday, December 8, 2021
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Dettingen/Erms (Germany), December 8, 2021 +++ EKPO Fuel Cell Technologies GmbH (EKPO), the joint venture between ElringKlinger (60%) and Plastic Omnium (40%), and Chinese systems integrator DR Powertrain System Co. Ltd. have signed a partnership agreement to develop fuel cell systems equipped with EKPO stacks for automotive and non-automotive applications with a focus on Chinese market.

Key Points: 
  • Dettingen/Erms (Germany), December 8, 2021 +++ EKPO Fuel Cell Technologies GmbH (EKPO), the joint venture between ElringKlinger (60%) and Plastic Omnium (40%), and Chinese systems integrator DR Powertrain System Co. Ltd. have signed a partnership agreement to develop fuel cell systems equipped with EKPO stacks for automotive and non-automotive applications with a focus on Chinese market.
  • In this context, the partnership with DR Powertrain is to be extended in the long term and targets numerous Chinese market applications.
  • The company focuses on fuel cell vehicles, engineering and special vehicle powertrain systems, as well as hydrogen energy storage systems.
  • DR Powertrain has completed the development and matching of several fuel cell electric vehicle (FCEV) types with Chinese national and international first-class automobile enterprises.

DGAP-News: Q3 2021: ElringKlinger records growth in revenue, improvement in earnings, and positive cash flow

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Thursday, November 4, 2021
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Q3 2021: ElringKlinger records growth in revenue, improvement in earnings, and positive cash flow

Key Points: 
  • Q3 2021: ElringKlinger records growth in revenue, improvement in earnings, and positive cash flow
    The issuer is solely responsible for the content of this announcement.
  • As regards our EBIT margin, we improved further compared to the previous year and again achieved positive operating cash flow, thus allowing us to further reduce our net financial liabilities.
  • Producing revenue growth of 5.1%, the third quarter contributed to a strong aggregate performance after nine months in which ElringKlinger generated sales revenue totaling EUR 1,218.2 million.
  • The positive trajectory of growth was evident in the Engineered Plastics and Aftermarket segments as well as in the Original Equipment segment.