ElringKlinger’s revenue increased by 4.4% to €407m in the last quarter (+3.3% to €1.56bn in the full-year) while EBIT recovered by almost 50% to €38.4m (+0.3% to €136m in 2016). While the sales number is in line with our projection, operating earnings are some €10m higher. Except for these two numbers, management has not given any further information and no guidance for 2017. Final accounts are due on 30 March.
28 Feb 2017
Q4 16 profit was surprisingly strong, at first glance
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Q4 16 profit was surprisingly strong, at first glance
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
28 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
ElringKlinger’s revenue increased by 4.4% to €407m in the last quarter (+3.3% to €1.56bn in the full-year) while EBIT recovered by almost 50% to €38.4m (+0.3% to €136m in 2016). While the sales number is in line with our projection, operating earnings are some €10m higher. Except for these two numbers, management has not given any further information and no guidance for 2017. Final accounts are due on 30 March.