Source : EuropeanMarkets
Mission
“Pure Process” reflects the unique core competencies developed by ElringKlinger: out-and-out process expertise. The company’s skill set covers intricate metal processing operations using highly sophisticated precision die-cutting and em- bossing techniques as well as functional coating technology, complemented by an in-depth understanding of plastics. Combined with specialist materials ex- pertise and in-house tool construction facilities, this symbiosis of high-tech pro- cesses forms the foundation for progressive innovation and a steady expansion of the Group’s product and service portfolio. Applying these skills, we are com- mitted to pursuing the key issues shaping the future of our industry.
Financial highlights first three quarters 2015
In the period from January to September 2015 the ElringKlinger Group generated sales of EUR 1,117.2 (985.0) million – an increase of 13.4%. Calculated on an organic basis, i.e. without the effects of consolida- tion and currency translation, growth stood at 5.3%.
Earnings before interest and taxes (EBIT) fell to EUR 109.0 (124.8) million in the period from January to September. In the third quarter of 2015, Group EBIT amounted to EUR 35.4 (41.2) million. Before purchase price allocation, adjusted EBIT stood at EUR 112.9 (127.4) million in the first nine months of 2015 and at EUR 36.7 (42.1) million in the third quarter.
At EUR 20.7 (33.8) million, net income generated by the ElringKlinger Group remained down on the pri- or-year figure in the third quarter of 2015, having been impacted by the adverse factors outlined above. Net income for the first three quarters of 2015 totaled EUR 71.9 (92.8) million.
Outlook 2015: The Group
Global car market will come to a slight plus in 2015. ElringKlinger expects global car production to grow in the low single digits. Demand primarily driven by NAFTA and Europe.
China will reach a slight plus.
High capacity utilization will cause additional costs of EUR 8 to 18 mn in Q4 2015.
Positive earnings contribution from M&W acquisition but slight margin dilution on full-year basis.
Implemented structural cost reduction measures in the E-Mobility division will minimize expected losses.
Ramp-up of new hydroform parts will contribute to improved margins as from 2016.
Outlook 2015 : Financial Performance
Order intake increased by 1.9% to EUR 336.6 (330.0) mn – impacted by negative FX effects due to stronger Euro as of Sept. 2015;
Order intake organically up +5.8% (ex FX and M&W);
Order backlog at EUR 756.7 (651.9) mn – up 16.1%.
Source : Report on 1st nine months 2015 ElringKlinger AG, November 9, 2015
Mission
“Pure Process” reflects the unique core competencies developed by ElringKlinger: out-and-out process expertise. The company’s skill set covers intricate metal processing operations using highly sophisticated precision die-cutting and em- bossing techniques as well as functional coating technology, complemented by an in-depth understanding of plastics. Combined with specialist materials ex- pertise and in-house tool construction facilities, this symbiosis of high-tech pro- cesses forms the foundation for progressive innovation and a steady expansion of the Group’s product and service portfolio. Applying these skills, we are com- mitted to pursuing the key issues shaping the future of our industry.
Financial highlights first three quarters 2015
In the period from January to September 2015 the ElringKlinger Group generated sales of EUR 1,117.2 (985.0) million – an increase of 13.4%. Calculated on an organic basis, i.e. without the effects of consolida- tion and currency translation, growth stood at 5.3%.
Earnings before interest and taxes (EBIT) fell to EUR 109.0 (124.8) million in the period from January to September. In the third quarter of 2015, Group EBIT amounted to EUR 35.4 (41.2) million. Before purchase price allocation, adjusted EBIT stood at EUR 112.9 (127.4) million in the first nine months of 2015 and at EUR 36.7 (42.1) million in the third quarter.
At EUR 20.7 (33.8) million, net income generated by the ElringKlinger Group remained down on the pri- or-year figure in the third quarter of 2015, having been impacted by the adverse factors outlined above. Net income for the first three quarters of 2015 totaled EUR 71.9 (92.8) million.
Global car market will come to a slight plus in 2015. ElringKlinger expects global car production to grow in the low single digits. Demand primarily driven by NAFTA and Europe.
China will reach a slight plus.
High capacity utilization will cause additional costs of EUR 8 to 18 mn in Q4 2015.
Positive earnings contribution from M&W acquisition but slight margin dilution on full-year basis.
Implemented structural cost reduction measures in the E-Mobility division will minimize expected losses.
Ramp-up of new hydroform parts will contribute to improved margins as from 2016.
Outlook 2015 : Financial Performance
Order intake increased by 1.9% to EUR 336.6 (330.0) mn – impacted by negative FX effects due to stronger Euro as of Sept. 2015;
Order intake organically up +5.8% (ex FX and M&W);
Order backlog at EUR 756.7 (651.9) mn – up 16.1%.
Source : Report on 1st nine months 2015 ElringKlinger AG, November 9, 2015
