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ElringKlinger (ZIL2) investor relations material
ElringKlinger Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Shape 30 transformation strategy advanced, focusing on profitability, cash flow, and cost reduction, with the STREAMLINE program targeting at least EUR 30 million in global staff cost savings.
Organic sales increased by 2.2% year-over-year for the first nine months, despite a declining European market.
E-mobility hub in South Carolina operational, with China ramp-up underway and Battery Hub Americas in Easley, SC, preparing for scaling up battery technology production.
Divestment of two entities and discontinuation of electric drive systems to reinforce profitable components, with shutdown of four locations as part of global footprint consolidation.
Financial position remains solid with an equity ratio of 34.8% and net financial liabilities at EUR 388.8 million, reflecting investments in E-Mobility.
Financial highlights
Q3 2025 revenue at EUR 395.5 million, down 10% year-on-year due to M&A and FX effects; organic decline of 0.6%.
Adjusted EBITDA at EUR 41.1 million (Q3 2024: EUR 51.4 million); adjusted EBIT at EUR 21.2 million (5.4% margin).
Net loss for Q3 was EUR -7.0 million; 9M net loss at EUR -15.7 million, a significant improvement year-over-year.
Operating free cash flow of EUR 18 million in Q3 2025; net financial debt at EUR 389 million; net debt/EBITDA ratio of 2.2.
Net working capital improved to EUR 347 million (16.8% of sales).
Outlook and guidance
2025 guidance and medium-term outlook reaffirmed, with revenue and profitability expected in line with previous outlook.
Q4 2025 expected to be weaker; 2026 outlook suggests sideways movement globally.
Organic sales expected at prior year levels, adjusted EBIT margin around 5%, and operating free cash flow between 1%-3% of revenue.
Midterm target: adjusted EBIT margin of 7%-8%.
CapEx to normalize to 2%-4% of sales from next year.
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