Germany · Delayed Price · Currency is EUR ElringKlinger AG Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 1.6% to EUR 430 million in Q1 2026, with strong 42% e-mobility growth and improved profitability. Transformation programs delivered cost savings, and guidance for 2026 is confirmed despite market headwinds.
Fiscal Year 2025
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Shape 30 transformation advanced with cost reductions, divestments, and e-mobility ramp-up. Q3 revenue declined 10% year-on-year due to M&A and FX, but organic sales were stable. 2025 guidance reaffirmed, with profitability and cash flow improvements expected as transformation measures take effect.
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Q2 2025 saw strong organic growth and margin improvement, driven by transformation initiatives and e-mobility ramp-up, despite headwinds from tariffs, divestments, and regional market weakness. Guidance for 2025 is reaffirmed, with continued focus on cost control and strategic investments.
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Q1 2025 saw organic revenue growth of 2.2% and an adjusted EBIT margin of 4.9%, despite a reported revenue decline due to divestments and currency effects. E-mobility sales more than doubled, and significant investments were made in battery production, with guidance for 2025 confirmed.
Fiscal Year 2024
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Revenue declined 2.4% to €1.803 billion amid challenging markets, but e-mobility and aftermarket segments saw strong growth. Adjusted EBIT margin met the 4.9% target, and net debt reached a long-term low. Strategic restructuring and investments position the group for future profitability.
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Transformation strategy advances with divestment of two subsidiaries and strong e-mobility growth. Q3 order intake surged 28% year-over-year, while Adjusted EBIT margin held at 5.2%. 2024 revenue is expected slightly below last year, with positive free cash flow and ongoing margin resilience.
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Two subsidiaries will be divested in Q4 2024, leading to impairments and a revised 2024 outlook with lower revenue and ROCE. The transaction supports a strategic shift toward e-mobility, with margin improvement expected as loss-making assets exit.
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Transformation strategy and investments in battery and fuel cell tech drive progress amid a challenging market. Q2 revenue declined 5.1% year-over-year, but profitability and cash flow metrics improved. Outlook for slight organic growth and stable margins is confirmed.