ElringKlinger AG (OTCPK:ELLRY)

$ 2.17 0 (0%) Market Cap: 274.98 Mil Enterprise Value: 323.47 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 60/100

Q1 2021 Elringklinger AG Earnings Call Transcript

May 06, 2021 / 11:00AM GMT

Release Date Price: $7.85

Transcript

Stefan Wolf

ElringKlinger AG - Chairman of the Management Board & CEO

Thank you very much. Ladies and gentlemen, very warm welcome to our conference call today regarding the first quarter figures of the first quarter 2021. As the conference call of several companies have overlapped today, we moved this conference call up an hour just for your convenience. As always, I will start with some headlines of the first 3 months. And after that, my colleague, Thomas Jessulat, our CFO, will discuss financial figures on the first quarter. I will then close with the outlook on the current year. At the end, of course, you have the opportunity to ask questions as always, and we are more than pleased to take your questions then.

Well, with regard to the financial figures of the first quarter 2021, part of them have already been published along with the ad hoc announcement in April, and we also had a conference call that day.

In Q1 2021, sales increased by 7% to EUR 424 million due to the strong demand that we saw here at the ElringKlinger Group. If exchange rates had remained unchanged, group

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