ElringKlinger (ETR:ZIL2) Full Year 2023 Results
Key Financial Results
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Revenue: €1.85b (up 2.7% from FY 2022).
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Net income: €39.3m (up from €89.1m loss in FY 2022).
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Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
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EPS: €0.62 (up from €1.41 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ElringKlinger EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company’s shares are up 15% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for ElringKlinger that we have uncovered.
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