30.08.2023 ElringKlinger AG  DE0007856023

EQS-News: New EKPO order marks first strategic step into the electrolysis market


 

EQS-News: ElringKlinger AG / Key word(s): Incoming Orders
New EKPO order marks first strategic step into the electrolysis market

30.08.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


New EKPO order marks first strategic step into the electrolysis market

  • EKPO secures contract with H-TEC SYSTEMS to develop next-generation stack components for use in PEM electrolyzers
  • A first and important strategic step for EKPO into the growing electrolysis market
  • EKPO with an active role in building green hydrogen production

Dettingen/Erms (Germany), August 30, 2023 +++ EKPO Fuel Cell Technologies GmbH (EKPO) and H-TEC SYSTEMS GmbH have entered into a contractual agreement for the development of stack components for PEM electrolyzers. EKPO will contribute its expertise in development, large-scale production of stack components, and defect reduction in the context of highly automated operations. The development, which has already started, and the production of the prototypes to be supplied under the agreement will take place in Germany.

Carole Brinati, EKPO's Managing Director for Sales, Marketing, and Programs, said, "We are now able to offer innovative solutions to players in the fast-growing electrolysis market based on our historical expertise in fuel cell technology and mass production. Our partnership with H-TEC Systems is an important step in EKPO's development strategy upstream in the hydrogen value chain, enabling us to play an active role in building green hydrogen production for a more sustainable industrial sector.”

The newly developed stack components will be designed specifically for use in electrolyzers in the megawatt range. EKPO's stack components are used in high-performance electrolyzers that operate according to the principle of PEM electrolysis, a process for generating green hydrogen by splitting water with the help of an electric current. This technology provides the basis for decarbonizing various branches of industry. 

H-TEC SYSTEMS develops and produces innovative PEM electrolyzers and electrolysis stacks for green hydrogen production – designed specifically for so-called sector coupling, i.e., the integration of energy-relevant sectors. "Speed is of the essence when it comes to ramping up hydrogen use. For this, we need strong partners who will work with us to drive this process," explains Robin von Plettenberg, CEO of H-TEC SYSTEMS. "As with all our products, we also have exacting quality standards in the area of large-scale production. We look forward to advancing our series production and the quality of our products in cooperation with EKPO."

EKPO's expertise is built on more than 20 years of experience in the development and research of fuel cell technology. In this context, the joint venture can draw on the market-leading metalworking expertise of parent company ElringKlinger, in addition to benefiting from fundamental knowledge established within the area of elastomer technology.

When it comes to developing fuel cell components and manufacturing them to the highest quality in the context of serial production operations, EKPO can draw on its expertise in designing manufacturing processes for large-scale production as well as on its experience with a wide range of production methods and know-how in processing various materials. Thanks to many years of expertise, these components can be manufactured individually according to customer specifications with high-precision, progressive tooling suited to volume production in a fully automated, interlinked manufacturing process.


For further information, please contact on behalf of EKPO Fuel Cell Technologies:

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

 

About EKPO Fuel Cell Technologies

EKPO Fuel Cell Technologies (EKPO), headquartered in Dettingen/Erms (Germany), is a leading joint venture in the development and large-scale production of fuel cell stacks for CO2-neutral mobility. The company is a full-service supplier for fuel cell stacks and components used in passenger cars, light commercial vehicles, trucks, buses, as well as in train and marine applications. Within this context, the company is building on the industrialization expertise of two established international automotive suppliers – ElringKlinger and Plastic Omnium.

The aim of the joint venture is to develop and mass-produce high-performance fuel cell stacks in order to further advance CO2-neutral mobility - whether on the road, rail, water or off-road.



30.08.2023 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.

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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: 1715037

 
End of News EQS News Service

1715037  30.08.2023 CET/CEST

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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
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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
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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%
    
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