Brief: Elringklinger Adjusts Its Guidance For Current Year

ElringKlinger AG

12/10/2021 16:02

Oct 12 (Reuters) - ELRINGKLINGER AG  ZILGn.DE :
    * STRONG PRELIMINARY RESULTS FOR THE THIRD QUARTER OF 2021
    * Q3 REVENUE EUR 400.6 MILLION
    * Q3 EARNINGS BEFORE INTEREST AND TAXES EUR 27.0 MILLION
    * ADJUSTING ITS GUIDANCE FOR CURRENT YEAR
    * GENERAL MARKET OUTLOOK HAS DETERIORATED CONSIDERABLY IN
RECENT
WEEKS IN VIEW OF BOTTLENECKS IN SEMICONDUCTOR INDUSTRY, STRAINS
IN SUPPLY OF RAW MATERIALS, AND ELEVATED COMMODITY PRICES
    * CURRENTLY FORECASTING SALES REVENUE THAT IS SEVERAL
PERCENTAGE
POINTS HIGHER THAN EXPECTED CHANGES IN GLOBAL LIGHT VEHICLE
PRODUCTION
    * EXPECTS A 2021 EBIT MARGIN OF AROUND 6%

Source text for Eikon:  ID:nEQ90Jd8xa 
Further company coverage:  ZILGn.DE 

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