ElringKlinger AG (LTS:0MG5)
€ 4.0725 0.1475 (3.77%) Market Cap: 247.74 Mil Enterprise Value: 224.10 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 63/100
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Half Year 2021 Elringklinger AG Earnings Call Transcript

Aug 05, 2021 / 11:00AM GMT
Release Date Price: €13.81 (-0.11%)
Stefan Wolf
ElringKlinger AG - Chairman of the Management Board & CEO

Yes. Thank you very much. Ladies and gentlemen, a warm welcome to our conference call on the second quarter and the first half of 2021. As always, I will start with some headlines on the second quarter. After that, my colleague, Thomas Jessulat, our CFO, will present the financial figures on the second quarter. And I will then close with the confirmation of our outlook on the rest of the year. And of course, at the end, you will have the opportunity to ask questions, and we are more than pleased to answer your questions.

ElringKlinger continued its strong start to the year in the second quarter of 2021. The group generated revenues of EUR 394 million, plus of 56% compared to the prior year quarter, but you have to see that this was a real bad quarter in the corona year 2020. If foreign exchange rates had remained unchanged, the figure would have been up by as much as 58%, while global light vehicle production is seen at 49% in the same period. After the pandemic-related slump in revenues last year, the group managed to

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