ElringKlinger Ends 2024 on Solid Ground Amid Transformative Efforts

ElringKlinger AG announced preliminary 2024 financial results, reflecting a stable year despite challenges. Revenue stood at EUR 1,803 million, a slight decline from EUR 1,847 million in 2023. The company reported a robust operating free cash flow of EUR 58.5 million, significantly exceeding prior expectations, and reduced net financial liabilities to a thirteen-year low of EUR 250 million.

The group is strategically reorienting to focus on profitable sectors, discontinuing loss-making activities. This move, as part of their SHAPE30 transformation strategy, aims to enhance profitability and cash flow. Impairment losses of EUR 238 million were recorded, with the expectation of an annual earnings potential of EUR 10 million from 2026, and EUR 7 million anticipated in 2025.

Key decisions include the sale of two international plants and reduction of sites to strengthen the group's positioning amid economic and political challenges, with a particular emphasis on the growing e-mobility sector.