26.07.2023 ElringKlinger AG  DE0007856023

EQS-News: ElringKlinger secures series production contract from global Tier 1 supplier for battery housings


 

EQS-News: ElringKlinger AG / Key word(s): Incoming Orders
ElringKlinger secures series production contract from global Tier 1 supplier for battery housings

26.07.2023 / 12:36 CET/CEST
The issuer is solely responsible for the content of this announcement.


ElringKlinger secures series production contract from global Tier 1 supplier for battery housings

  • Series production order for Metal Forming & Assembly Technology business unit spanning a term of 5 years
  • Supply of metal battery housings to a global Tier 1 supplier for commercial vehicle and city bus applications in the US market
  • Contract volume in the low triple-digit million-euro range
  • ElringKlinger to invest an amount in the single-digit million-euro range in new production machinery at Buford (USA) site by the start of production in 2024

Dettingen/Erms (Germany), July 26, 2023 +++ ElringKlinger AG has received an order for metal battery housings from a global Tier 1 supplier. The battery housings are to be used in commercial vehicle and city bus applications planned for the US market. The series production contract covers a five-year term with a total order volume in the low triple-digit million-euro range. In this context, ElringKlinger will invest in new production facilities at its US site in Buford, GA, in the run-up to the scheduled commencement of production in 2024.

Thomas Jessulat, Spokesman of the Management Board of ElringKlinger AG, emphasized, "With its material and process know-how, ElringKlinger is consistently geared up for the transformation of mobility. This order also bears testimony to these credentials. Our ex­pertise in stamping and forming technology, amassed over a period of several decades, provides the basis for the competitive supply of innovative battery components. "

Battery housings and associated sub-assemblies made of metal materials are part of ElringKlinger's broad product portfolio for the next generation of mobility and are already being mass-produced by the company. In this order, the business unit applied its core competencies in acoustic component optimization, lightweight structural design in metal, thermal insulation and EMC shielding. This made it possible to functionally optimize the components offered according to customer requirements.

Peter Walker, Vice President Metal Forming & Assembly Technology, said, "We are committed to supporting a global customer base with our metal assemblies for battery-electric applications. ElringKlinger offers its customers best-in-class service based on decades of core expertise gained in the field of stamping and forming technology – from R&D support relating to the initial product idea through to cutting-edge execution of series manufacturing. In doing so, we meet the most exacting quality standards with the latest technologies and state-of-the-art equipment."

ElringKlinger has been developing and producing components for lithium-ion batteries for various hybrid- and battery-electric vehicle models for a period spanning more than ten years. The company's know-how in development and series production in the field of battery technology covers battery systems and battery modules as well as components for batteries, such as cell contact systems, module connectors, cell covers, sealing systems, and pressure equalization elements.

 

For further information, please contact:

ElringKlinger AG  |  Strategic Communications
Dr. Jens Winter
Phone: +49 7123 724-88335  |  E-Mail: [email protected]

 

 

About ElringKlinger AG

As an automotive supplier, ElringKlinger has become a trusted partner to its customers – with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of around 9,500 people at 45 ElringKlinger Group locations around the globe.

 



26.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1688753

 
End of News EQS News Service

1688753  26.07.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1688753&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 1.664,04 1.699,00 1.727,03 1.480,44 1.624,39 1.798,43 1.847,12
EBITDA1,2 238,39 196,65 180,91 181,46 216,10 174,30 200,30
EBITDA-Marge3 14,33 11,57 10,48 12,26 13,30 9,69
EBIT1,4 137,32 96,18 61,23 27,74 102,03 -42,23 82,91
EBIT-Marge5 8,25 5,66 3,55 1,87 6,28 -2,35 4,49
Jahresüberschuss1 73,78 47,90 5,01 -39,98 54,56 -90,71 33,48
Netto-Marge6 4,43 2,82 0,29 -2,70 3,36 -5,04 1,81
Cashflow1,7 95,48 91,55 277,58 217,79 156,11 101,28 129,70
Ergebnis je Aktie8 1,10 0,69 0,06 -0,64 0,88 -1,41 0,62
Dividende8 0,50 0,00 0,00 0,00 0,15 0,15 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
ElringKlinger
WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 6,620 Halten 419,44
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,22 12,51 0,91 14,27
KBV KCV KUV EV/EBITDA
0,50 3,23 0,23 4,29
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,15 0,15 2,27 16.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 07.08.2024 12.11.2024 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
13,07% 14,39% 19,93% -34,13%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu ElringKlinger AG  ISIN: DE0007856023 können Sie bei EQS abrufen


Automobilzulieferer , 785602 , ZIL2 , XETR:ZIL2