Announcements

• Group revenue at EUR 1.641 billion (2024: EUR 1.803 billion, reference level[1] 2024: EUR 1.643 billion), up 2.3% in organic terms
• Adjusted EBIT margin increases to 5.4% (2024: 4.9%), adjusted EBIT at EUR 88.6 million (2024: EUR 87.6 million), operating free cash flow for the annual period at EUR 33.1 million (2024: EUR 58.4 million), net financial liabilities remain at a low level despite substantial investment in the ramp-up of large-scale series production orders
• Continuity in dividend payment: proposal of EUR 0.15 per share
• Guidance for 2026: slight organic revenue growth, adjusted EBIT margin of around 6 to 7%, operating free cash flow slightly positive, consistently low level of net debt
• CEO Thomas Jessulat: “As the key financials for 2025 show, we remain fully on track in our efforts to implement our SHAPE30 transformation strategy. The next stages of this transformation now lie ahead, driven by our firm focus on further strengthening the Group's competitiveness.”

Dettingen/Erms (Germany), March 26, 2026 +++ In issuing its 2025 annual report, ElringKlinger AG (ISIN DE0007856023/WKN 785602) has presented its definitive, audited results for the 2025 financial year. In the financial year just ended, the Group generated revenue of EUR 1,640.9 million, which initially would appear to constitute a year-on-year reduction of EUR 162.2 million (2024: EUR 1,803.1 million). In this context, however, a number of factors have to be taken into account, including negative exchange rate effects of EUR 40.4 million and M&A effects of EUR 159.7 million resulting from the divestment of the two Group companies in Switzerland and the United States in 2024 as well as the sale of a UK-based subsidiary with effect from November 30, 2025. Taking these factors into account, ElringKlinger achieved organic revenue growth of EUR 37.9 million or 2.3% in the 2025 financial year. The Group's annual forecast had included a projection for organic revenue on a par with the previous year.

The Group also met or slightly exceeded its annual targets with regard to other key metrics: At 5.4% (2024: 4.9%), the adjusted EBIT margin was at the upper end of the expected target range, operating free cash flow of EUR 33.1 million (2024: EUR 58.4 million) was in the middle of the target corridor at 2.0% of Group revenue (2024: 3.2%), and the net debt-to-EBITDA ratio was exactly as forecast at 2.0 (2024: 1.7). Calculated on the basis of EBITDA adjusted for exceptional items, this figure was even lower at 1.6 (2024: 1.2).

Commenting on the results, Thomas Jessulat, CEO of ElringKlinger AG, said, “As the key financials for 2025 show, we remain fully on track in our efforts to implement our SHAPE30 transformation strategy. Organic revenue was up slightly year on year and the margin reached the upper end of our guidance. We were fully on target with regard to our forecasts for operating free cash flow and net debt. Given the challenging environment in which we are having to operate, the financial year just ended can be considered a success. The next stages of our transformation now lie ahead. With the ramp-up of series production relating to high-volume orders in the field of electromobility, we aim to further enhance our profitability and generate positive cash flow over the long term, driven by our firm focus on further strengthening the Group's competitiveness.”

Further revenue growth for E-Mobility business unit

Within the Original Equipment (OE) segment, the E-Mobility business unit, which covers battery and fuel cell technology, accounted for the strongest revenue growth. Revenue increased by EUR 41.6 million or 40.8% to EUR 144 million compared to the previous year (2024: EUR 102 million). This was driven primarily by the continued ramp-up of series production relating to the first high-volume order placed by a global battery manufacturer. Overall, the OE segment recorded a decline in revenue of EUR 218 million to EUR 1,117 million (2024: EUR 1,335 million) due to the closure of four sites in Germany and North America as well as the sale of the Group companies in Switzerland, the United States, and United Kingdom.

The Aftermarket segment continued to execute its growth strategy effectively, registering a further expansion in revenue. Revenue rose by EUR 41.9 million or 12.5% to EUR 378.2 million (2024: EUR 336.3 million). The Engineered Plastics segment recorded similar momentum, expanding revenue by EUR 14.5 million or 11.2% to EUR 144.5 million (2024: EUR 130.0 million) on the back of targeted optimizations to its product mix. In this context, demand for high-quality and technologically advanced plastic components grew at a particularly strong rate.

Additional stages of transformation now executed

In pursuing its SHAPE30 transformation strategy, ElringKlinger is addressing the far-reaching changes facing the automotive industry as a whole and honing its Group profile with a view to safeguarding its competitive position well into the future. Following the sale of two Group companies in 2024, the Group initiated or completed the closure of a further four sites in Germany and North America in the financial year just ended. In addition, the Group is increasingly concentrating its activities on profitable and highly competitive fields of business. In the context of this focused approach, ElringKlinger also sold its Group company hofer powertrain products UK Ltd. in Solihull, UK, with effect from November 30, 2025. Against the backdrop of the ongoing transformation, ElringKlinger also implemented STREAMLINE in 2025, which is a program aimed at scaling back staff costs at a global level.

The STREAMLINE and SHAPE30 projects in particular resulted in exceptional charges of EUR 69.3 million in 2025, which had an adverse effect on earnings. These expenses contrast with anticipated structural savings of EUR 50 million, the first positive effects of which will be evident as early as 2026. The savings are set to take full effect in 2027. Aligned with the medium-term outlook, these measures are expected to make a significant contribution to enhancing the Group's profitability – especially in the OE segment – and to generating sustained cash flow.

Adjusted EBIT margin at upper end of target range

Against the backdrop of persistently challenging conditions, the Group generated earnings before interest, taxes, depreciation, and amortization (EBITDA) of EUR 140.8 million (2024: EUR 144.0 million), just slightly down on the prior-year figure. Excluding the exceptional items associated with the Group’s transformation efforts, adjusted EBITDA amounted to EUR 178.3 million (2024: EUR 197.1 million). Adjusted earnings before interest and taxes (adjusted EBIT) amounted to EUR 88.6 million (2024: EUR 87.6 million), which corresponds to an adjusted EBIT margin of 5.4% (2024: 4.9%). The one-off effects relating to SHAPE30 and STREAMLINE measures in the amount of EUR 69.3 million (2024: EUR 237.6 million) resulted in reported EBIT of EUR 19.3 million (2024: EUR -150.0 million). After deducting net finance cost, taxes, and non-controlling interests, the net loss for the reporting period stood at EUR -6.1 million (2024: EUR -137.8 million).

Dividend continuity: proposed payout of EUR 0.15 per share

Calculated on the basis of the net loss for the period, reported earnings per share amounted to EUR -0.10 (2024: EUR -2.18) per share. Taking exceptional items into account to illustrate operating profitability, adjusted earnings per share reached EUR 0.88 (2024: EUR 0.70). In view of this positive performance and the anticipated improvement in profitability over the coming years, the Management Board, in consultation with the Supervisory Board, will propose to the upcoming Annual General Meeting that an unchanged dividend of EUR 0.15 (2024: EUR 0.15) per share be paid out. In addition, the Supervisory Board approved the Management Board's proposal to hold the upcoming Annual General Meeting on May 12, 2026, in a virtual format.

Operating free cash flow, net debt, and net working capital at annual target level

ElringKlinger further optimized its net working capital in the 2025 financial year and, with a ratio of 17.6% (2024: 19.2%) of Group revenue, fully achieved its annual target of “below 25%”. As a result of this and on the back of a strong fourth quarter, the Group generated operating free cash flow of EUR 33.1 million in the financial year just ended (2024: EUR 58.4 million), which corresponds to a ratio of 2.0% (2024: 3.2%) of Group revenue. This metric also contributed to keeping net financial liabilities at a low level, despite substantial investments in the ramp-up of series production relating to large-scale orders. The Group recorded a net debt-to-EBITDA ratio, i.e., net financial liabilities in relation to EBITDA, of 2.0 (2024: 1.7). Calculated on the basis of adjusted EBITDA, this figure stood at 1.6 (2024: 1.2).

Guidance for 2026: slight revenue growth in organic terms, further improvement in adjusted EBIT margin

The geopolitical and trade policy landscape remains challenging. As the world shifts away from a multipolar, rules-based order, compounded by the proliferation of conflicts and wars in trouble hotspots as well as the more widespread use of tariffs as political instruments, uncertainty and volatility are intensifying further. This has culminated most recently in the escalation of the Iran conflict. The implications for the trajectory of energy prices and the security of supply chains are as difficult to predict as their impact on the global economic situation, particularly in cross-border sectors such as the automotive industry.

Against this backdrop, ElringKlinger anticipates a slight increase in revenue for the current financial year in organic terms, i.e., factoring in currency and M&A effects. The Group's medium-term projection is for moderate revenue growth, taking into account market forecasts and based on its high-volume series production nominations. Given the advances achieved with regard to its transformation, the Group anticipates additional gains in profitability. Alongside the initial effects of the STREAMLINE program, this is expected to be underpinned by structural improvements arising from SHAPE30 measures and continued ramp-ups in the E-Mobility business unit. Overall, the Group anticipates an adjusted EBIT margin of around 6 to 7%. In the medium term, ElringKlinger expects to achieve a figure of around 8%.

With regard to the operating free cash flow, the figure is expected to be slightly positive given the improvement in financial performance and the conclusion of the investment phase.

This metric is set to improve further in the medium, with the Management Board targeting a figure of around 2 to 4%. The adjusted return on capital employed (ROCE) is expected to be in the range of around 8 to 9% in 2026. The medium-term projection is a figure of at least 11%. The Group anticipates an adjusted net debt-to-EBITDA ratio in the range of 1.0 to 2.0 both in the current financial year and in the medium term.

^[1] Revenue excluding the divested entities in Switzerland, the United States, and United Kingdom
 

Definitive, audited results for the 2025 financial year and the fourth quarter of 2025

^◊  For better comparability, excluding the Group companies in Switzerland and the United States divested in 2024; figures including the two entities at EUR 1,793.1 million or EUR 437.4 million

^#  Year-end figure already excluding the Group companies in Switzerland and the United States divested in 2024

*  Proposal to Annual General Meeting 2026

The 2025 annual report is available online at: https://elringklinger.de/en/investor-relations/reports-presentations/financial-reports-pulse-magazine

About ElringKlinger  

As a global development partner drawing on many years of expertise, ElringKlinger has established itself as one of the leading suppliers to the automotive industry, in addition to serving customers in the plastics engineering and other sectors. Since its inception in 1879, the technology group based in Dettingen/Erms, Germany, has been consistent in its efforts to provide innovative answers to present and future challenges. Today, ElringKlinger is actively shaping the future of sustainable mobility with the help of pioneering product and system solutions tailored to any type of drive platform, alongside sealing and shielding applications as well as lightweighting concepts. With a track record of two decades in the field of cutting-edge battery and fuel cell technology, the Group was at the forefront of establishing itself as an expert in e-mobility. Operating with a dedicated team of around 8,600 #transformationpioneers at over 40 locations worldwide and revenue of approx. EUR 1.6 billion in 2025, ElringKlinger is driving the sustainable transformation of the industry – brimming with passion, talent, and innovation.

Legal notice

This release contains forward-looking statements. These statements are based on the expectations, market assessments, and forecasts of the Management Board and the information currently available to it. These forward-looking statements shall, in particular, not be construed as guarantees of future developments and results referred to therein. Although the Management Board is of the firm opinion that the statements made and their underlying beliefs and expectations are realistic, they are based on assumptions that may prove to be incorrect. Future results and developments depend on a variety of factors, risks, and uncertainties that may lead to changes in the expectations and judgments that have been expressed. These factors include, for example, changes in general economic and business conditions, fluctuations in exchange rates and interest rates, lack of acceptance of new products and services, and changes in business strategy.

Contact:
For further information, please contact:

ElringKlinger AG
Dr. Jens Winter
Strategic Communications
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
E-mail: jens.winter@elringklinger.com

• Preliminary, unaudited results for 2025:

• Revenue at EUR 1,641 million (2024: EUR 1,803 million, 2024 reference level[1]: EUR 1,644 million), organic revenue growth at 2.1 %, adjusted EBIT margin at 5.4 % (2024: 4.9%)
• Operating free cash flow at EUR 32.6 million (2024: EUR 58.4 million)
• Net financial liabilities of EUR 288 million (2024: EUR 246 million) remain at a low level even after investment phase

• CEO Thomas Jessulat: "We are now entering the next phase of our transformation, for which we laid a solid foundation in the financial year just ended. We have invested heavily in future-facing areas of businessand further increased revenue of the E-Mobility business unit. At 5.4 %, the adjusted Group EBIT margin was at the upper end of the target range."

Based on preliminary and unaudited data for the 2025 financial year, ElringKlinger AG (ISIN DE0007856023 / WKN 785602) generated revenue of EUR 1,641 million (2024: EUR 1,803 million). This includes negative currency effects of EUR 40.4 million as well as M&A effects from the divestment of the two entities in Switzerland and the United States equivalent to EUR 159 million. With an organic revenue growth of 2.1 %, the Group slightly exceeded its target of achieving organic revenue roughly on a par with the previous year (revenue in 2024 excluding the two divested entities: EUR 1,644 million).

As regards earnings, ElringKlinger achieved adjusted EBIT of EUR 88.6 million, which corresponds to an adjusted EBIT margin of 5.4 % (2024: 4.9 %). At the beginning of the year, the Group's estimate had stood at around 5 %. This includes exceptional items amounting to EUR 69.3 million, which are attributable mainly to the program to streamline staff costs and measures aimed at focusing activities in the context of SHAPE30. Reported EBIT, which had included impairment losses of EUR 238 million in the previous year, amounted to EUR 19.3 million in 2025 (2024: EUR -150.0 million).

Other metrics such as operating free cash flow or net debt-to-EBITDA ratio were also in line with the guidance provided by the Group at the beginning of 2025. With the net working capital ratio standing at a low 17.4 % (2024: 19.2 %) and with an investment ratio of 8.7 % (2024: 6.0 %), the Group generated operating free cash flow of EUR 32.6 million (2024: EUR 58.4 million), which corresponds to a revenue ratio of 2.0 % (2024: 3.2 %). In its guidance, the Group had pointed to a figure in the range of around 1 to 3 %. On this basis, net financial liabilities were kept at a modest level of EUR 288 million (2024: EUR 246 million) despite the investment phase in preparation for high-volume series production orders. Thus, the net debt-to-EBITDA ratio stood at 2.0 (Dec. 31, 2024: 1.7). In its guidance, the Group had expected a figure around 2. Adjusted for exceptional items, the net debt-to-EBITDA ratio was 1.5 (Dec. 31, 2024: 1.2).

Asked to comment, Thomas Jessulat, CEO of the ElringKlinger Group, said, "We are now entering the next phase of our transformation, for which we laid a solid foundation in the financial year just ended. We have made substantial investments in excess of EUR 140 million, primarily with a focus on the Group's future-facing technologies, and further increased revenue of the E-Mobility business  unit, which encompasses both Battery and Fuel Cell Technology. At 5.4 %, the adjusted EBIT margin was at the upper end of the target range, although earnings in the E-Mobility business noticeably remain in negative territory with adjusted EBIT of EUR -61.6 million (2024: EUR -47.2 million) on the back of significant ramp-up costs in particular. This shows that ElringKlinger's classical business generates reliable cash flows and creates sufficient financial room for strategic investments. In ramping up series production relating to further high-volume orders, we will drive revenue growth in the field of battery technology in particular. We are consistently pursuing our chosen path in the context of our SHAPE30 transformation strategy with a view to establishing the best possible position for this phase."

SHAPE30 transformation strategy: focus on profitable activities

Against the backdrop of persistently challenging conditions, the Group is continuing to drive forward its transformation in line with its SHAPE30 strategy. The measures are aimed at positioning the Group in such a way as to ensure that it can help shape the future of mobility well into 2030. Having discontinued product groups and divested subsidiaries in recent years, ElringKlinger is continuing to focus on its profitable business in support of improved earnings performance, particularly in the OE segment, and sustained cash flow generation.

As a result of the decision not to pursue the systems business within the area of electric drive units and to focus on profitable components business, ElringKlinger divested its subsidiary hofer powertrain products UK Ltd. in the financial year under review. The two parties agreed not to disclose details of the agreement, which was finalized at the end of November 2025. In addition, the Group is assessing its other sites and shareholdings and will take further steps if necessary.

Streamlining measures contribute to improved earnings

In an effort to position the Group effectively for the future, ElringKlinger implemented and successfully completed STREAMLINE, a global program to scale back staff costs, in 2025. The measures under STREAMLINE and SHAPE30 will translate into a significant reduction of the Group’s cost level. As planned, the initial benefits of these measures will be seen as early as the current financial year, the measures will take full effect from 2027 onwards.

Entry into growth phase on the basis of large-scale orders received

Having secured several high-volume series production orders in the field of electromobility, ElringKlinger has spent the last two years in particular preparing for the ramp-up at several sites around the world – in Germany, the United States, and China. Operations with regard to these orders have already commenced, are currently in the start-up phase, or are set to begin in the course of the year. In the 2025 financial year, revenue generated in the E-Mobility business unit was expanded further to EUR 144 million (2024: EUR 103 million).

CEO Thomas Jessulat: "In the financial year just ended, we made further progress in implementing our SHAPE30 transformation strategy. We have been preparing for ramp-up with a view to entering the growth phase. At the same time, we are continuing to hone the Group's profile by reducing costs and focusing on profitable activities. In this context, our aim is to enhance the Group's profitability and generate cash flow for the long term.

The complete and audited financial results, including the outlook for 2026, will be released as part of the publication of the 2025 annual report on March 26, 2026.

Preliminary, unaudited figures for the 2025 financial year and the fourth quarter of 2025

About ElringKlinger  

As a global development partner drawing on many years of expertise, ElringKlinger has established itself as one of the leading suppliers to the automotive industry, in addition to serving customers in the plastics engineering and other sectors. Since its inception in 1879, the technology group based in Dettingen/Erms, Germany, has been consistent in its efforts to provide innovative answers to present and future challenges. Today, ElringKlinger is actively shaping the future of sustainable mobility with the help of pioneering product and system solutions tailored to any type of drive platform, alongside sealing and shielding applications as well as lightweighting concepts. With a track record of two decades in the field of cutting-edge battery and fuel cell technology, the Group was at the forefront of establishing itself as an expert in e-mobility. Operating with a dedicated team of around 9,000 #transformationpioneers at over 40 locations worldwide and revenue of approx. EUR 1.6 billion in 2025, ElringKlinger is driving the sustainable transformation of the industry – brimming with passion, talent, and innovation.

Legal notice

This release contains forward-looking statements. These statements are based on the expectations, market assessments, and forecasts of the Management Board and the information currently available to it. These forward-looking statements shall, in particular, not be construed as guarantees of future developments and results referred to therein. Although the Management Board is of the firm opinion that the statements made and their underlying beliefs and expectations are realistic, they are based on assumptions that may prove to be incorrect. Future results and developments depend on a variety of factors, risks, and uncertainties that may lead to changes in the expectations and judgments that have been expressed. These factors include, for example, changes in general economic and business conditions, fluctuations in exchange rates and interest rates, lack of acceptance of new products and services, and changes in business strategy.

^[1] Revenue excluding the two entities in Switzerland and the United States divested at the end of 2024.

• Group revenue at EUR 408.3 million (Q2 2024: EUR 445.0 million) in second quarter of 2025 amid challenging market conditions; organic growth of 4.8%
• Profitability remains on track: adjusted EBIT margin at 5.9% (Q2 2024: 5.0%), adjusted EBIT at EUR 24.2 million (Q2 2024: EUR 22.5 million)
• Group generates operating free cash flow of EUR 23.8 million (Q2 2024:
  EUR -4.5 million)
• ElringKlinger drives transformation forward: E-Mobility revenue more than doubled

ElringKlinger AG (ISIN DE0007856023 / WKN 785602) has presented its financial results for the second quarter of 2025. The Group recorded revenue of EUR 408.3 million for the reporting period (Q2 2024: EUR 445.0 million). In this context, it should be noted that the two divested Group entities in Switzerland and the United States had contributed revenue of EUR 44.1 million in the second quarter of 2024. Therefore, the comparative base for the same quarter of the previous year is EUR 400.9 million. In addition, currency-related factors had a dampening effect on revenue. Organically, i.e., adjusted for currency and M&A effects, revenue increased by EUR 21.5 million or 4.8% in the second quarter and by EUR 32.0 million or 3.5% in the first half of the year compared to the same period of the previous year. Thus, the Group managed to outperform the market as a whole, which grew by 2.6% globally and shrank by 1.7% in Europe in the second quarter of 2025.
Thomas Jessulat, CEO of the ElringKlinger Group, on the quarterly figures: "In what remains a challenging market environment, we were able to achieve a strong Group performance, which also reflects the impact of transformation. We generated substantial revenue growth, particularly in the E-Mobility business unit, and recorded a significant improvement in the Group's operating profit and cash flow. This clearly illustrates that we are on the right track with our SHAPE30 transformation strategy and our efforts to hone the Group’s profile. Despite this, we anticipate that the second half of the year will be rather subdued in view of projected market trends – not least because developments surrounding geopolitics and trade policy will continue to cause uncertainty."

Mixed underlying parameters in key automotive regions

In the region covering Europe (excluding Germany), the ElringKlinger Group achieved growth of 0.8% in the second quarter of 2025, and as much as 1.9% adjusted for currency effects, despite a contraction in automobile production. By contrast, revenue in Germany fell by 6.2%. Regional factors also had a dampening effect on the revenue trajectory in North America. Adjusted for currency effects and taking into account the divestment of the entity in Buford, GA (USA), in 2024, revenue in this region was down 3.0%. In the Asia-Pacific region, meanwhile, the positive trend continued with a 2.0% increase in revenue in line with growth in regional automotive production.

E-Mobility business unit with strong performance

Held back by an anemic economy and sluggish automotive production in Europe, the Original Equipment segment recorded a year-on-year decline in revenue of EUR 51.4 million to EUR 276.9 million in the second quarter of 2025 (Q2 2024: EUR 328.3 million). However, this includes a revenue contribution of EUR 44.1 million from the two entities sold in 2024, which no longer applies in 2025. A detailed analysis of the segment confirms the efficacy of the Group's transformation: growth in the E-Mobility business unit by EUR 22.3 million or 126% to EUR 40.0 million (Q2 2024: EUR 17.7 million) was fueled in particular by the series production ramp-up of cell contacting systems at the Neuffen (Germany) site. The segment's adjusted EBIT margin improved from -0.4% to 1.0% in the second quarter of 2025.

Substantial growth in Aftermarket and Engineered Plastics segments

With growth once again reaching double digits, the Aftermarket segment succeeded in maintaining its upward trajectory and generated revenue of EUR 95.4 million (Q2 2024: EUR 84.4 million). As in the preceding three months, all key sales regions contributed to growth generated in the quarter just ended. Similarly, the robustly positioned Engineered Plastics segment generated revenue of EUR 35.7 million (Q2 2024: EUR 31.5 million) thanks to its broadly diversified industry portfolio, despite having to operate against the backdrop of subdued economic growth.

Profitability remains on track: adjusted EBIT margin at 5.4% in H1 2025

In a volatile market, the Group remained on track and generated earnings before interest, taxes, depreciation, and amortization (EBITDA) of EUR 35.8 million in the second quarter of 2025 (Q2 2024: EUR 49.7 million). This performance was impacted primarily by non-recurring factors stemming from transformation and the customer base. A case in point is the Group's STREAMLINE program aimed at reducing staff costs at a structural level. The insolvency of one of the Group's customers and measures taken as part of the SHAPE30 transformation strategy also had an adverse effect on earnings. Excluding these exceptional items of EUR 17.9 million in total, the Group generated adjusted EBIT of EUR 24.2 million in the second quarter (Q2 2024: EUR 22.5 million), which corresponds to an adjusted EBIT margin of 5.9% (Q2 2024: 5.0%). Accordingly, the reported EBIT amounted to 6.3 million (Q2 2024: EUR 22.4 million), corresponding to a reported EBIT margin of 1.6 % (Q2 2024: 5.0 %). In the first half, adjusted EBIT stood at EUR 44.8 million (H1 2024: EUR 46.5 million), while the adjusted EBIT margin was up at 5.4% (H1 2024: 5.1%).
As a result of the non-recurring effects and higher net finance cost, earnings per share of EUR -0.09 in the first six months of 2025 and EUR -0.15 in the second quarter of 2025 were down significantly on the previous year's figures of EUR 0.37 and EUR 0.15 respectively. Adjusted for non-recurring effects, earnings per share amounted to EUR 0.26 in the first half of 2025 (H1 2024: EUR 0.37).

Preparations for further series ramp-up reflected in investment in property, plant, and equipment

Alongside the financing of operating business, the direction taken by ElringKlinger's financial metrics also reflects the Group's active investment approach adopted for the purpose of tapping into high-volume series production projects in the E-Mobility unit and unlocking growth potential in a targeted manner. Payments for investments in property, plant, and equipment amounted to EUR 26.3 million in the second quarter of 2025 (Q2 2024: EUR 22.7 million) and to EUR 71.3 million in the first half of 2025 (H1 2024: EUR 39.6 million) after an investment-intensive first quarter of 2025. This translates into a ratio of 6.4% (Q2 2024: 5.1%) and 8.6% (H1 2024: 4.3%) respectively.

Year-on-year improvement in net working capital

As of June 30, 2025, net working capital (NWC) amounted to EUR 417.4 million (June 30, 2024: EUR 482.4 million), an improvement of EUR 65.0 million compared to the same quarter of the previous year, which is attributable in part to the divestment of the two Group entities at the end of 2024. At the end of the reporting period on June 30, 2025, the NWC ratio, calculated in relation to Group revenue, thus stood at 25.2%. This constitutes an improvement in the key performance indicator both compared to the reporting date of the previous quarter (by 2.4 percentage points) and compared to the 2024 half-year reporting date (by 1.6 percentage points).
Operating free cash flow improved from EUR -4.5 million to EUR 23.8 million in the second quarter of 2025, partly due to the measures taken with regard to working capital. The figure for the first half of 2025 stood at EUR -96.5 million (H1 2024: EUR -10.3 million).
Net financial liabilities were up at EUR 374.9 million as of June 30, 2025 (June 30, 2024: EUR 350.4 million), which was attributable in part to investing activities in preparation for high-volume series production orders. The net debt-to-EBITDA ratio increased to 2.1 as of June 30, 2025 (June 30, 2024: 1.7).

Guidance confirmed

The considerable level of uncertainty and volatility surrounding the global economy is reflected, in particular, in the cyclical automotive industry. The latest forecasts issued by industry data service provider S&P Global Mobility point to slight global growth of 0.4% for 2025 as a whole, whereas the April outlook had suggested that the market would shrink. Against the backdrop of the dynamic changes currently taking place in the trade and geopolitical arena and on the basis of its half-year results, ElringKlinger has confirmed its forecast for the current financial year. Accordingly, the Group still expects to achieve organic revenue at around the prior-year level in the current financial year, even if the situation with regard to orders and recent one-off effects as well as the market assessment for Europe and North America point to a weaker second half of 2025. ElringKlinger has maintained its projection of an adjusted EBIT margin of around 5%. Furthermore, the Group continues to expect operating free cash flow of around 1 to 3% of Group revenue and an adjusted ROCE of around 6%. The targets relating to the other key financials and the medium-term targets have also been confirmed.

Key financials for the second quarter and first half of 2025

* In the annual comparison, it should be noted that the two Group companies in Buford, GA (USA) and Sevelen (CH) were sold at the end of 2024.

^◊  Value adjusted for the two divested Group companies.

About ElringKlinger  

As an independent supplier operating worldwide, the ElringKlinger Group has established itself as a powerful and trusted partner to the automotive industry – acknowledged for its exceptional depth of expertise. Our product portfolio encompasses innovative solutions for passenger cars and commercial vehicles powered by electric motors, hybrid technology, or combustion engines. Alongside the powertrain, other areas of application include the underbody, chassis, braking system, interior, and vehicle body. We were among the frontrunners when it came to positioning ourselves as a specialist in the field of e-mobility – with pioneering battery and fuel cell technology, and associated components and assemblies, such as plastic housings, and punched and formed metal parts.
Customized lightweight components engineered by ElringKlinger can be used throughout the entire vehicle; they deliver tangible benefits in terms of weight reduction, efficiency, and functional integration, especially in e-mobility applications.
Additionally, we serve the aftermarket in more than 140 countries with an extensive range of spare parts.
These efforts are supported by a dedicated workforce of more than 9,000 people employed within the ElringKlinger Group. Operating at more than 40 sites worldwide, ElringKlinger has established a global presence and is closely aligned with its customers in all major automotive regions.

Legal notice

This release contains forward-looking statements. These statements are based on the expectations, market assessments, and forecasts of the Management Board and the information currently available to it. These forward-looking statements shall, in particular, not be construed as guarantees of future developments and results referred to therein. Although the Management Board is of the firm opinion that the statements made and their underlying beliefs and expectations are realistic, they are based on assumptions that may prove to be incorrect. Future results and developments depend on a variety of factors, risks, and uncertainties that may lead to changes in the expectations and judgments that have been expressed. These factors include, for example, changes in general economic and business conditions, fluctuations in exchange rates and interest rates, lack of acceptance of new products and services, and changes in business strategy.

Contact:
For further information, please contact:

ElringKlinger AG
Dr. Jens Winter
Strategic Communications
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
E-mail: jens.winter@elringklinger.com