German automotive supplier ElringKlinger lifts 2026 revenue outlook after prelim Q3 rise

ElringKlinger AG

13/10/2026 12:24

Overview
Germany automotive supplier's preliminary Q3 2026 revenue rose to EUR 451 mln from EUR 395 mln
Company raised 2026 full-year revenue guidance to about EUR 1.8 bln
Preliminary adjusted EBIT and free cash flow increased yr/yr in Q3 2026

Outlook
ElringKlinger raises 2026 full-year revenue guidance to around EUR 1.8 bln
Company outlook assumes stable macroeconomic and industry conditions for remainder of 2026
ElringKlinger reaffirms full-year guidance for other financial metrics and medium-term outlook

Result Drivers
HIGHER SALES - Co said preliminary Q3 revenue rose yr/yr
IMPROVED PROFITABILITY - Co reported higher adjusted EBIT and margin in Q3 2026
STRONGER CASH FLOW - Co said preliminary Q3 operating free cash flow increased yr/yr

Company press release: ID:nEQ3pm0hsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 451 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for ElringKlinger AG is €7.20, about 48.5% above its October 12 closing price of €4.85
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Oct 13 - Germany's Schaeffler prelim 9M revenue dips amid declining project volumes in China
Oct 12 - Volkswagen deliveries post steepest drop in more than four years as China weakness deepens
Oct 13 - BMW deliveries fall 6.3% in third quarter as China sales slump

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)