ElringKlinger Reports Stable Performance Amid 2024 Challenges

ElringKlinger AG successfully achieved its financial targets for 2024, despite facing challenging market conditions. The company reported a group revenue of EUR 1,803 billion, with an organic change of -0.9%. Adjusted EBIT stood at EUR 87.6 million, representing a margin of 4.9%, and operating free cash flow reached EUR 58.4 million.

CEO Thomas Jessulat highlighted the strategic measures undertaken to enhance profitability, notably the significant growth in the E-Mobility business unit, which doubled its revenue to EUR 102 million. The company plans no future pursuit of electric drive unit systems, opting instead for a focus on forward-looking product lines. This strategic pivot led to exceptional costs totaling EUR 238 million.

Looking ahead, ElringKlinger estimates a stable organic revenue and an adjusted EBIT margin of approximately 5% for 2025. This forecast assumes continued stringent cost management and ongoing investment in high-volume series production.