Germany's ElringKlinger Q2 revenue rises on E-Mobility growth

ElringKlinger AG

05/08/2026 06:42

Overview
Germany automotive supplier's Q2 revenue rose 17% yr/yr, driven by E-Mobility ramp-ups
Adjusted EBIT margin improved to 6.0% from 5.9%
Company confirmed 2026 guidance amid challenging economic backdrop

Outlook
ElringKlinger confirms 2026 guidance for adjusted EBIT margin of around 6 to 7%
Company expects slight organic revenue growth for 2026
Operating free cash flow seen slightly positive, adjusted ROCE forecast at around 8 to 9%

Result Drivers
E-MOBILITY RAMP-UPS - Co said revenue growth was primarily driven by ramp-up of E-Mobility series-production projects and one-time ramp-up effects
BROAD-BASED SEGMENT GROWTH - Revenue increased across all segments and major sales regions, according to the company
WORKING CAPITAL OPTIMIZATION - Improved operating free cash flow attributed to stronger profitability and optimization of net working capital

Company press release: ID:nEQ1l5yxSa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 478.90 mln
 
Q2 EBIT
 
EUR 28.70 mln
 
Q2 Order Backlog
 
EUR 1.24 bln
 
Q2 Orders
 
EUR 522.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 50% above its August 4 closing price of €4.80
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 4 - Continental posts Q2 profit beat, but warns of worsening raw material costs
Aug 4 - Battery maker Amprius Q2 revenue more than doubles, beats estimates on drone, e-mobility demand
Aug 4 - Aptiv cuts 2026 sales forecast on weak China demand, delays at customers 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)