This article first appeared on GuruFocus.
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Revenue: 396 million in Q3 2025, a year-on-year decline of 10%.
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Organic Sales Growth: Increased by 2.2% year-to-date.
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Order Intake: Increased organically by 16.6 million or 3.6% to 477 million.
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Order Backlog: 1.1 billion at the end of Q3 2025.
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Adjusted EBITDA: 21.2 million with a margin of 5.4% in Q3 2025.
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Reported EBITDA: 4.5 million with a margin of 1.1%.
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Net Financial Debt: 389 million with a net debt/EBITDA ratio of 2.2.
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Group Equity: 653 million by the end of Q3 2025.
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Operating Free Cash Flow: 180 million in Q3 2025.
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CapEx: 27.8 million with a CapEx ratio of 7% in Q3 2025.
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Original Equipment Segment Revenue: 262 million in Q3 2025.
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Aftermarket Segment Revenue: 37.4 million in Q3 2025, up from 32.8 million in Q3 2024.
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Engineered Plastics Segment Revenue: 37.4 million in Q3 2025.
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R&D Spending: 23.5 million in Q3 2025, with an R&D ratio of 5.9%.
Release Date: November 12, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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ElringKlinger AG (ELLRY) reaffirmed its guidance for 2025 and its medium-term outlook, indicating confidence in its strategic direction.
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The company reported a 2.2% growth in organic sales for the first nine months of 2025, outperforming the European market, which saw a decline of 1.7%.
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Significant progress has been made in the e-mobility sector, with operations starting at the e-mobility Hub Americas in South Carolina and preparations underway in China.
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The aftermarket segment showed strong performance, with sales increasing from 32.8 million in Q3 2024 to 37.4 million in Q3 2025.
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ElringKlinger AG (ELLRY) maintained a positive operating free cash flow of 180 million in Q3 2025, highlighting effective financial management.
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The order intake declined by around 3% due to the absence of contributions from divested entities.
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Revenue for Q3 2025 declined by 10% year-on-year, affected by M&A activities and currency effects.
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Adjusted EBITDA decreased to 21.2 million, with a margin of 5.4%, down from 51.4 million in the previous year’s third quarter.
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The OE segment remains in the red on an adjusted basis, with no immediate positive run rate expected until possibly 2026 or 2027.
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Net financial debt increased to 389 million, with a net debt-to-EBITDA ratio of 2.2, indicating rising leverage.
Q: Can you provide an outlook for e-mobility sales in the fourth quarter and when we might see a more pronounced topline contribution? A: E-mobility sales will ramp up gradually, but significant contributions are not expected in Q4. We anticipate more noticeable topline growth starting next year. (Thomas Jessulat, CEO)
Q: Should we expect any additional restructuring expenses in the fourth quarter? A: As we are still in transition, there might be some special items impacting the first quarter of our restructuring measures. (Isabelle Damen, CFO)
Q: Regarding the minorities’ line, do you expect any improvement in operating performance, and what measures are being taken? A: We are implementing global cost reduction measures and expect progress between Q4 and Q1 next year to minimize the impact on the group. (Thomas Jessulat, CEO)
Q: Can you provide details on the expected increase in net indebtedness from IFRS 16 accounting for the US facility in Q4? A: We expect an increase of roughly 30 million EUR, bringing the total to a mid-double-digit million EUR figure, slightly less than 40 million EUR. (Thomas Jessulat, CEO)
Q: When can we expect a positive run rate for the OE business on a quarterly basis? A: We are making progress with the streamline program, and if there are no significant negative market impacts, we expect to see positive impacts in the first half of next year. (Thomas Jessulat, CEO)
Q: Will there be further divestments in the automotive segment in 2026 and 2027? A: We will continue our transformation path into 2026, with adjustments becoming smaller. We expect improvements in financial KPIs based on activities done in 2025. (Thomas Jessulat, CEO)
For the complete transcript of the earnings call, please refer to the full earnings call transcript.