ElringKlinger increased revenue by 14% to €751m but EBIT fell by 12% to €74m. In fact, the rate of profit decline moderated somewhat from -16% in Q1 to -8% in Q2. Net profit after minorities came in at €49m, a drop of 13%. While net profit was unchanged at around €28m in Q1, it fell by 26% to €21m in Q2.
05 Aug 2015
H1 numbers in line with our expectations
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H1 numbers in line with our expectations
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
05 Aug 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
ElringKlinger increased revenue by 14% to €751m but EBIT fell by 12% to €74m. In fact, the rate of profit decline moderated somewhat from -16% in Q1 to -8% in Q2. Net profit after minorities came in at €49m, a drop of 13%. While net profit was unchanged at around €28m in Q1, it fell by 26% to €21m in Q2.