finanzen.net
25.06.2018 15:58
Bewerten
(0)

DGAP-News: ElringKlinger revises earnings guidance for current financial year

DRUCKEN

DGAP-News: ElringKlinger AG / Key word(s): Profit Warning
ElringKlinger revises earnings guidance for current financial year

25.06.2018 / 15:58
The issuer is solely responsible for the content of this announcement.


ElringKlinger revises earnings guidance for current financial year

- Earnings under pressure primarily from high commodity prices and follow-on costs associated with consistently strong demand in NAFTA region

- EBIT margin before purchase price allocation now expected to be around 7% in 2018, revised downward from original guidance of approx. 9%

- Revenue guidance for 2018 unchanged

Dettingen/Erms (Germany), June 25, 2018 +++ ElringKlinger AG conducted a reassessment of its opportunities and risks for the 2018 financial year as a whole on the basis of consolidated earnings for the months of April and May 2018 and against the backdrop of persistently high levels of general uncertainty - both in political and macroeconomic terms but also with regard to operating activities. This reassessment revealed that raw material prices, particularly for polyamide, steel, and aluminum, have continued to surge. This is to be a seen as a significant additional expense factor within the Group as a whole. Additionally, the consistently high follow-on costs associated with sustained buoyancy in demand within the NAFTA region will continue to exert pressure on earnings. These factors may account for up to two percentage points of ElringKlinger's earnings margin in 2018, as a result of which the company now expects its earnings margin before interest, taxes, and purchase price allocation to be around 7% for the 2018 financial year as a whole. Prior to this adjustment, the Group's guidance in respect of its earnings margin had been around 9%. The Group's revenue expectations for 2018, i.e., to exceed growth in global automobile production by 2 to 4 percentage points in organic terms, remain unchanged.

ElringKlinger initiated a number of measures in 2017 to address the situation in the NAFTA region. In particular, it established the necessary foundations for capacity expansion. Additionally, measures aimed at process optimization were successfully executed by the company. Pursuing a consistent policy with regard to supplier selection and operating with a balanced structure of contractual terms, the Group is also looking to counteract commodity price development for the purpose of mitigating associated risk.

Global demand for ElringKlinger products remains strong. Against this backdrop, the company has confirmed its revenue guidance for the 2018 financial year, the aim being to outpace growth in global automobile production by 2 to 4 percentage points in organic terms. At present, global automobile production is expected to expand by 2 to 3% in 2018.

In connection with this press release, a conference call will be arranged with CFO Thomas Jessulat on Tuesday, June 26, 2018, at 10:00 hrs (CEST) for the purpose of elucidating the points presented above.


For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Strategic Communications
Max-Eyth-Straße 2
72581 Dettingen/Erms | Germany
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter@elringklinger.com


About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to its customers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,600 employees at 45 ElringKlinger Group locations around the globe.


Disclaimer
This release contains forward-looking statements. These statements are based on expectations, market evaluations and forecasts by the Management Board and on information currently available to them. In particular, the forward-looking statements shall not be interpreted as a guarantee that the future events and results to which they refer will actually materialize. Whilst the Management Board is confident that the statements as well as the opinions and expectations on which they are based are realistic, the aforementioned statements rely on assumptions that may conceivably prove to be incorrect. Future results and circumstances depend on a multitude of factors, risks and imponderables that can alter the expectations and judgments that have been expressed. These factors include, for example, changes to the general economic and business situation, variations of exchange rates and interest rates, poor acceptance of new products and services, and changes to business strategy.



25.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: jens.winter@elringklinger.com
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange

 
End of News DGAP News Service

698497  25.06.2018 

fncls.ssp?fn=show_t_gif&application_id=698497&application_name=news&site_id=smarthouse

Nachrichten zu ElringKlinger AG

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu ElringKlinger AG

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
22.02.2019ElringKlinger verkaufenCredit Suisse Group
21.02.2019ElringKlinger SellWarburg Research
21.02.2019ElringKlinger neutralHauck & Aufhäuser Privatbankiers KGaA
21.02.2019ElringKlinger HoldDeutsche Bank AG
20.02.2019ElringKlinger VerkaufenDZ BANK
26.06.2018ElringKlinger buyHauck & Aufhäuser Privatbankiers KGaA
06.06.2018ElringKlinger buyHauck & Aufhäuser Privatbankiers KGaA
09.03.2018ElringKlinger buyHauck & Aufhäuser Privatbankiers KGaA
25.01.2018ElringKlinger buyHauck & Aufhäuser Privatbankiers KGaA
20.12.2017ElringKlinger buyHauck & Aufhäuser Privatbankiers KGaA
21.02.2019ElringKlinger neutralHauck & Aufhäuser Privatbankiers KGaA
21.02.2019ElringKlinger HoldDeutsche Bank AG
20.02.2019ElringKlinger HoldDeutsche Bank AG
07.11.2018ElringKlinger neutralHauck & Aufhäuser Privatbankiers KGaA
07.11.2018ElringKlinger HoldDeutsche Bank AG
22.02.2019ElringKlinger verkaufenCredit Suisse Group
21.02.2019ElringKlinger SellWarburg Research
20.02.2019ElringKlinger VerkaufenDZ BANK
20.02.2019ElringKlinger ReduceKepler Cheuvreux
20.02.2019ElringKlinger SellWarburg Research

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für ElringKlinger AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen
Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX im Minus -- US-Indizes im Plus -- HeidelbergCement will das Ergebnis 2019 moderat steigern -- FT legt mit Betrugsvorwürfen gegen Wirecard nach -- Fed, Biogen, Siemens, HORNBACH im Fokus

Allianz will HUK Spitzenplatz in der Autoversicherung abjagen. Nemetschek erhöht Dividende und plant Aktiensplit. AXA nimmt mit US-Anteilsverkauf 1,4 Milliarden Dollar ein. Führungsspitze von EssilorLuxottica streitet nach Fusion anscheinend um Chefposten. BMW, Daimler, Ford, VW: Ionity erwartet Schub bei Ausbau seines Ladesäulennetzes.

Top-Rankings

Die zehn größten Kapitalvernichter
Hier wurde am meisten Anlegergeld verbrannt
DIe innovativsten Unternehmen
Diese Unternehmen sind am fortschrittlichsten
Die Performance der MDAX-Werte in KW 11 2019.
Welche Aktie macht das Rennen?

Die 5 beliebtesten Top-Rankings

In diesen Ländern ist Netflix am teuersten
Hier müssen Abonnenten tief in die Tasche greifen
Die korruptesten Länder der Welt
In diesen Staaten ist die Korruption am höchsten
Abschlüsse der DAX-Chefs
Diese Studiengänge haben die DAX-Chefs absolviert
Erster Job
Wo Absolventen am meisten Geld verdienen
Das Schwarzbuch 2018/2019
Wo 2018 sinnlos Steuern verbrannt wurden
mehr Top Rankings

Umfrage

Nun ist es bestätigt: Deutsche Bank und Commerzbank loten offiziell eine Fusion aus. Glauben Sie, dass es tatsächlich dazu kommen wird?

finanzen.net Brokerage

Online Brokerage über finanzen.net

Das Beste aus zwei Welten: Handeln Sie für nur 5 Euro Orderprovision* pro Trade unmittelbar aus der Informationswelt von finanzen.net!
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Wirecard AG747206
BayerBAY001
Deutsche Bank AG514000
CommerzbankCBK100
Daimler AG710000
Aurora Cannabis IncA12GS7
Amazon906866
Apple Inc.865985
Deutsche Telekom AG555750
BASFBASF11
SteinhoffA14XB9
Allianz840400
Volkswagen (VW) AG Vz.766403
TeslaA1CX3T
BMW AG519000