German automotive supplier ElringKlinger lifts 2026 revenue outlook after prelim Q3 rise

By Reuters News


Overview

  • Germany automotive supplier's preliminary Q3 2026 revenue rose to EUR 451 mln from EUR 395 mln

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

  • Preliminary adjusted EBIT and free cash flow increased yr/yr in Q3 2026


Outlook

  • ElringKlinger raises 2026 full-year revenue guidance to around EUR 1.8 bln

  • Company outlook assumes stable macroeconomic and industry conditions for remainder of 2026

  • ElringKlinger reaffirms full-year guidance for other financial metrics and medium-term outlook


Result Drivers

  • HIGHER SALES - Co said preliminary Q3 revenue rose yr/yr

  • IMPROVED PROFITABILITY - Co reported higher adjusted EBIT and margin in Q3 2026

  • STRONGER CASH FLOW - Co said preliminary Q3 operating free cash flow increased yr/yr


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 451 mln


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 €7.20, about 48.5% above its October 12 closing price of €4.85

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

  • Oct 13 - Germany's Schaeffler prelim 9M revenue dips amid declining project volumes in China

  • Oct 12 - Volkswagen deliveries post steepest drop in more than four years as China weakness deepens

  • Oct 13 - BMW deliveries fall 6.3% in third quarter as China sales slump


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.)

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