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Provider: Reuters Investment Profile
Provider: Steubing AG
Provider: Wright Reports
Provider: Sadif Analytics Prime

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ElringKlinger AG Confirms FY 2013 Guidance

Wednesday, 8 May 2013 01:51am EDT 

ElringKlinger AG announced that it expects its fiscal year 2013 sales revenue to increase by 5% to 7% in terms of organic growth. Should global car production merely stagnate in 2013, revenue growth is more likely to be positioned at the lower end of this range. Additionally, ElringKlinger believes that it will be in a position to expand its earnings before interest and taxes (EBIT), adjusted for one-time charges, at a faster rate relative to revenue growth in the fiscal year 2013. Adjusted EBIT for the fiscal year 2013 as a whole is expected to be in the range from EUR 150 million to EUR 155 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 1,169.82 million and an EBIT of EUR 156.02 million. 

Company Quote

-0.36 -1.25%
17 Apr 2015