ElringKlinger makes a successful start to the 2023 financial year

ElringKlinger AG (ISIN DE 0007856023 / WKN 785602) has published its figures for the first quarter of 2023. The Group generated revenues of EUR 487.7 million (Q1 2022: EUR 434.6 million), an increase of 12.2%. Currency effects played virtually no role at EUR 0.4 million or 0.1%.
Commenting on the quarterly figures, Dr. Stefan Wolf, CEO of ElringKlinger AG, said: "We are delighted to have once again generated record sales revenues in the first three months of 2023. At the same time, we were able to increase the Group's EBIT and EBIT margin despite the economic challenges and the still high level of commodity prices. ElringKlinger is fully on track with its consistent and early focus on electromobility in conjunction with a strong position in traditional business. This is demonstrated not least by the high-volume order for cell contact systems from the BMW Group, which we announced at the end of last week."
Strong sales growth in Europe and North America
In the first quarter of 2023, sales revenues increased significantly, particularly in the Group's two strongest regions. In the "Rest of Europe" region, the Group reported a growth rate of 18.3%, which was above the Group average of 12.2%. Revenues here increased by EUR 24.6 million to EUR 159.1 million (Q1 2022: EUR 134.5 million). In the North America region, revenue grew by 23.1% or EUR 24.0 million to EUR 127.7 million in Q1 2023 (Q1 2022: EUR 103.7 million). In Germany, revenue also increased by EUR 6.6 million or 7.3% to EUR 97.2 million (Q1 2022: EUR 90.6 million).


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