ElringKlinger Kicks Off 2024 with Robust Financial Performance

• ElringKlinger AG had a solid start to the 2024 financial year, generating a revenue of EUR 465.3 million despite challenging market conditions.
• The company's adjusted EBIT margin was 5.2%, on track for the annual target of around 5%.
• ElringKlinger's financial position and cash flows remained robust, with an equity ratio of 44.5% and net financial liabilities significantly down year on year at EUR 329.1 million.
• The company confirmed its guidance for 2024, anticipating slight organic growth in revenue and an adjusted EBIT margin of around 5% for the financial year.
• ElringKlinger's medium-term forecast also remains positive, with the company expecting to see revenue growth in organic terms, with a projected annual growth rate of around 5 to 7%.
• The company's headcount stood at 9,606 at the end of the first quarter, a slight decrease of 0.3% from the previous year.

The next important date, Publication of quarterly financial report (as of Q1), at ElringKlinger is on 07.05.2024.

The price of ElringKlinger at the time of the news was 6,6800EUR and was up +1,52 % compared with the previous day.
18 minutes after the article was published, the price was 6,5750EUR this corresponds to a minus of -1,57 % since publication.

ElringKlinger

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-66,28 %

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ISIN:DE0007856023WKN:785602

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