Consolidated sales increased by 4% to €408m in Q2, bringing the H1 number to €841m (+8.4%). The respective EBIT numbers were +1.7% to €35.8m and +12% to €74m whereas net earnings fell by 19% to €18.4m in Q2 but were up by 9% to €43.5m in H1. The revenue and operating profit numbers fell short of our expectations while net earnings came in as expected. The above numbers do not include the cartel fine the German cartel authorities imposed on ElringKlinger in July a
07 Aug 2017
Q2 was much tougher than Q1
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Q2 was much tougher than Q1
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
07 Aug 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Consolidated sales increased by 4% to €408m in Q2, bringing the H1 number to €841m (+8.4%). The respective EBIT numbers were +1.7% to €35.8m and +12% to €74m whereas net earnings fell by 19% to €18.4m in Q2 but were up by 9% to €43.5m in H1. The revenue and operating profit numbers fell short of our expectations while net earnings came in as expected. The above numbers do not include the cartel fine the German cartel authorities imposed on ElringKlinger in July a