Brief: Elringklinger Q3 Revenue At EUR 451.6 Mln

ElringKlinger AG

25/10/2023 16:08

Oct 25 (Reuters) - ELRINGKLINGER AG  ZILGn.DE :
    * ELRINGKLINGER WITH PRELIMINARY RESULTS FOR THE THIRD
QUARTER OF
2023: REVENUE GROWTH NO LONGER EXPECTED TO EXCEED MARKET LEVEL
BASED ON NEW INTERNAL FORECAST DUE TO HIGHER S&P PROJECTIONS
    * GROUP IMPROVED ITS Q3 ADJUSTED EBIT TO EUR 22.7 MILLION
(Q3
2022: EUR 18.5 MILLION), CORRESPONDING TO AN ADJUSTED EBIT
MARGIN OF 5.0% (Q3 2022: 4.0%)
    * IN FIRST NINE MONTHS, GROUP RECORDED ADJUSTED EBIT OF EUR
73.9
MILLION (9M 2022: EUR 35.3 MILLION)
    * ADJUSTED EBIT MARGIN THUS STANDS AT 5.2%, COMPARED TO 2.7%
IN
FIRST NINE MONTHS OF 2022
    * NOW EXPECTS TO REPORT ORGANIC REVENUE GROWTH OF AROUND 3
TO 5%
IN 2023
    * AS FOR ADJUSTED EBIT IN 2023 AS A WHOLE, GROUP'S OUTLOOK
REMAINS
UNCHANGED AT A MARGIN OF AROUND 5%
    * EXPECTATIONS RELATING TO OTHER KEY FINANCIALS FOR 2023
HAVE ALSO
BEEN CONFIRMED

Source text for Eikon:  ID:nEQY8mlfa 
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