ElringKlinger: Shares rise as unit wins high double-digit mln euro contract

ElringKlinger AG

18/05/2021 07:53

** Shares in German auto parts maker ElringKlinger
 ZILGn.DE  rise 4.7% in early Frankfurt trade after unit EKPO
Fuel Cell Technologies won a high-volume series production
contract for fuel cell stacks
    ** A local trader notes shares climbed 3% after-hours
    ** The joint venture between ElringKlinger (60%) and Plastic
Omnium  PLOF.PA  (40%) received an exclusive, multi-year order
from Aachen-based mobility company AE Driven Solutions GmbH
 urn:newsml:reuters.com:*:nFWN2N40WL
    ** The order covers a planned volume in the high
double-digit million euro range
    ** "'Nice' order but nothing to go crazy about," the trader
warns
    ** Stock seen to top German smallcap index  .SDAXI 

 ((Linda.pasquini@thomsonreuters.com))