In our view, ElringKlinger has severe problems with survival in the new electric environment of the auto industry. The company delivers components that go overwhelmingly into vehicles with combustion engines and, although these are likely to be in demand for possibly more than a decade, the company’s turnover is likely to shrink in the years to come.
31 May 2019
Terminating the coverage of ElringKlinger
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Terminating the coverage of ElringKlinger
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
31 May 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
In our view, ElringKlinger has severe problems with survival in the new electric environment of the auto industry. The company delivers components that go overwhelmingly into vehicles with combustion engines and, although these are likely to be in demand for possibly more than a decade, the company’s turnover is likely to shrink in the years to come.