Elringklinger AG
XHAM:ZIL2
Elringklinger AG
ElringKlinger AG provides lightweight solutions, electromobility, sealing and shielding technology, tool technology and engineering services. The company is headquartered in Dettingen An Der Erms, Baden-Wuerttemberg and currently employs 9,466 full-time employees. The firm operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces and sells parts and assemblies for vehicle engines, transmission units and exhaust systems, as well as battery and fuel cell components. The Aftermarket segment supplies a range of spare parts, such as cylinder-head gaskets and complete gasket sets. The Engineered Plastics segment develops, manufactures and sells products made from Polytetrafluoroethylene (PTFE) plastic. The Services segment offers development and testing services for engines, as well as transmission and exhaust systems. The Industrial Parks segment is engaged in the lease and administration of buildings.
ElringKlinger AG provides lightweight solutions, electromobility, sealing and shielding technology, tool technology and engineering services. The company is headquartered in Dettingen An Der Erms, Baden-Wuerttemberg and currently employs 9,466 full-time employees. The firm operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces and sells parts and assemblies for vehicle engines, transmission units and exhaust systems, as well as battery and fuel cell components. The Aftermarket segment supplies a range of spare parts, such as cylinder-head gaskets and complete gasket sets. The Engineered Plastics segment develops, manufactures and sells products made from Polytetrafluoroethylene (PTFE) plastic. The Services segment offers development and testing services for engines, as well as transmission and exhaust systems. The Industrial Parks segment is engaged in the lease and administration of buildings.
Guidance Reaffirmed: ElringKlinger confirmed its 2025 guidance for organic sales at prior year levels, an adjusted EBIT margin around 5%, and operating free cash flow between 1% and 3% of revenue.
Transformation Progress: The SHAPE30 transformation and STREAMLINE cost-cutting programs are progressing, with initial personnel cost savings expected in 2026 and full impact by 2027.
Organic Sales Outperformance: Organic sales grew 2.2% year-to-date, outperforming the European market, which declined 1.7%.
Mixed Segment Performance: Aftermarket and Engineered Plastics delivered strong results, while the OE segment remained challenged due to market conditions and divestments.
E-Mobility Ramp-up: E-mobility projects are ramping, but a significant top-line contribution is not expected until 2026; Q4 will show only limited impact.
Cost & CapEx Discipline: CapEx is stabilizing and expected to normalize to 2%–4% of sales in the mid-term after a heavy investment phase.
Challenging Market Outlook: Management anticipates a weaker Q4 due to declining light vehicle production, especially in Europe and North America, but remains optimistic about long-term growth, particularly in e-mobility.
Special Items: Additional restructuring expenses are possible in Q4 as transformation measures continue.
