ElringKlinger is due to release final H1 numbers on 4 August but it has given some indications this morning. Revenue increased by 3.3% to €776m (we had expected €784m), while EBIT before PPA fell by 11% to €68m. The stated EBIT number is €66m, 10.4% lower than a year ago. We had expected €76m.
As a consequence of the above, management now sees the full-year EBIT before PPA coming in at between €140m and €150m instead of €160-170m. We had been much more cautious in the first place and expected a ....
22 Jul 2016
Profit warning for 2016
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Profit warning for 2016
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
22 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
ElringKlinger is due to release final H1 numbers on 4 August but it has given some indications this morning. Revenue increased by 3.3% to €776m (we had expected €784m), while EBIT before PPA fell by 11% to €68m. The stated EBIT number is €66m, 10.4% lower than a year ago. We had expected €76m.
As a consequence of the above, management now sees the full-year EBIT before PPA coming in at between €140m and €150m instead of €160-170m. We had been much more cautious in the first place and expected a ....