Germany's ElringKlinger Q3 revenue rises on E-Mobility growth

Overview

• Germany automotive supplier's Q3 revenue rose 14% yr/yr, driven by E-Mobility growth

• Q3 adjusted EPS more than doubled from a year earlier

• Company raised full-year 2026 revenue guidance to about EUR 1.8 bln

Outlook

• ElringKlinger raises 2026 revenue forecast to about EUR 1.8 bln

• Company maintains guidance for adjusted EBIT margin, free cash flow, net debt-to-EBITDA, and ROCE

• ElringKlinger reaffirms its medium-term objectives

Result Drivers

• E-MOBILITY RAMP-UP - Co said revenue growth was mainly driven by ramp-up of high-volume E-Mobility production contracts

• COST STRUCTURE IMPROVEMENTS - Co said improved cost structures contributed to higher profitability

• SEGMENT CONTRIBUTIONS - Aftermarket and Engineered Plastics segments also recorded revenue growth

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for ElringKlinger AG is €7.30, about 35.4% above its November 4 closing price of €5.39

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads

• Nov 3 - Schaeffler to cut 3,460 jobs, shut five European plants as auto slump bites

• Nov 3 - Germany's Schaeffler 9-month sales flat on China hit, EBIT margin rises

• Nov 3 - Aptiv Q3 revenue rises on regional sales growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)