ElringKlinger’s Q3 revenue was about unchanged at €406m, which brought the 9M number to almost €1.27bn (+1.8%). In spite of this almost reasonable number, the group’s profits collapsed. Q3 EBIT and net earnings each fell by 33% to €23m and €11m, respectively. As a result, the respective 9M numbers were €86m (-21%) and €45m (-24%). We had expected 9M EBIT and net profit numbers of €99m and €53m, respectively.
06 Nov 2018
9M18 earnings were again very disappointing
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9M18 earnings were again very disappointing
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
06 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
ElringKlinger’s Q3 revenue was about unchanged at €406m, which brought the 9M number to almost €1.27bn (+1.8%). In spite of this almost reasonable number, the group’s profits collapsed. Q3 EBIT and net earnings each fell by 33% to €23m and €11m, respectively. As a result, the respective 9M numbers were €86m (-21%) and €45m (-24%). We had expected 9M EBIT and net profit numbers of €99m and €53m, respectively.