Q2 2026 ElringKlinger AG Earnings Call Transcript
Key Points
- ElringKlinger AG (EGKLF) reported a 17% year-over-year revenue increase to EUR479 million in Q2 2026, significantly outpacing the declining global automotive market.
- E-mobility sales more than doubled year-over-year to EUR85 million in Q2 2026, now accounting for 18% of total group sales, with a clear path to double 2025 sales by 2028.
- Adjusted EBIT rose 19% year-over-year to EUR29 million, driven by EUR12 million in operational improvements and disciplined cost management.
- Operating free cash flow surged 118% year-over-year to EUR52 million, with a strong 10.8% ratio, reflecting improved working capital management.
- The aftermarket segment continued its strong performance, with sales up 7% to EUR102 million and a robust adjusted EBIT margin of 19.8%.
- The Shape 30 strategy is on track, with over half of the Shape to Empower work streams completed, supporting long-term efficiency and profitability goals.
- Global light vehicle production is forecast to decline by 2.1% in 2026, with Greater China expected to see a 4.6% reduction, intensifying market headwinds.
- E-mobility remains in a ramp-up phase, posting an adjusted EBIT loss of EUR8.1 million in Q2 2026, though improved from the prior year.
- The OE segment excluding e-mobility saw its adjusted EBIT margin decline quarter-over-quarter to 4.8%, attributed to an unfavorable product mix.
- The company faces ongoing challenges from geopolitical tensions, trade conflicts, and inflationary pressures, creating uncertainty across global markets.
- CFO Isabelle Damen will leave the company at the end of 2026, potentially creating leadership transition risks during a critical transformation phase.
- Revenue growth was partly boosted by a EUR28 million one-time effect from tooling/equipment sales, which had zero to low margin, masking underlying organic growth quality.
Ladies and gentlemen, welcome to the Airlink Linger Q2 2026 earnings call. I am Sandra, the course call operator. (Operator Instructions)
At this time, it is my pleasure to hand over to Thomas Jessulat, CEO. Please go ahead, sir.
Ladies and gentlemen, I welcome you to our earnings call on the second quarter of 2026. Today, our CFO, Isabel Damen, and I will provide you with a detailed look into the results from the second quarter and the first half of 2026. With today's publication, we confirm the guidance for 2026 and the medium term, which we have published with the annual report end of March. At the end of the presentation, as usual, you will have the opportunity to ask questions, and we are pleased to answer them. At the outset, I would like to present a brief overview of the key developments from the past six months. But first. I would like to take a moment to introduce the newest member of our executive management team, Ulrich Zimmer, who recently joined
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