ElringKlinger AG
ISIN: DE0007856023
WKN: 785602
25 June 2024 11:05AM

EQS-News: ElringKlinger to open new Battery Center in the USA

ElringKlinger AG · ISIN: DE0007856023 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1932511

EQS-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger to open new Battery Center in the USA

25.06.2024 / 11:05 CET/CEST
The issuer is solely responsible for the content of this announcement.


ElringKlinger to open new Battery Center in the USA

Dettingen/Erms, June 25, 2024 +++ ElringKlinger opens a new Group site in Easley in Pickens County in the northwest of the US state of South Carolina. Thomas Jessulat, CEO of ElringKlinger AG, met the Governor of the US state, Henry McMaster, on Monday evening to discuss the current status of plans for the site. ElringKlinger will primarily manufacture battery technology products at the new facility and plans to develop the site into a battery hub for its activities on the American market.

CEO Thomas Jessulat commented: "The new site is the next step for ElringKlinger in the implementation of its SHAPE30 transformation strategy. The American market generally offers great potential for e-mobility applications, and we have already received a first high-volume series nomination. When it comes to unlocking this potential, the US state of South Carolina is an optimal starting point for the establishment of the Group’s Battery Center Americas, as yesterday's talks with Governor McMaster once again underlined."

ElringKlinger will initially manufacture cell contacting systems in Pickens County for a launching customer. In the first stage, the center will cover an area of 21,000 m² with additional expansion space. Over the coming years, the site will gradually be expanded to become ElringKlinger's battery center for the American market. Operations at the new site are scheduled to commence in mid-2025.

Pickens County, with Easley as its largest city, is centrally located on the axis between Atlanta, GA, and Charlotte, NC, in the northwest of the US state of South Carolina. Automotive hubs are in the immediate vicinity. Renowned universities such as the Clemson University ensure a high level of qualification in the regional labor market, especially in the technical field.

 

For further information, please contact:
ElringKlinger AG   |   Strategic Communications
Dr. Jens Winter
Phone: +49 7123 724-88335   |   E-Mail: jens.winter@elringklinger.com

 

About ElringKlinger AG

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, electric drive units, 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.

We offer specifically adapted sealing systems, thermal, and acoustic shielding parts, and dynamic drive components for a wide range of applications and for any type of drive technology. Additionally, we serve the aftermarket in more than 140 countries with an extensive range of spare parts.

This is complemented by state-of-the-art tooling technology and products made from high-performance plastics – tailored to the requirements of the automotive industry and other sectors. Building on our excellence in the field of components and systems, we are also maintaining our forward momentum in the non-automotive sector.

These efforts are supported by a dedicated workforce of around 9,600 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.



25.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: jens.winter@elringklinger.com
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1932511

 
End of News EQS News Service

1932511  25.06.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1932511&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2019 2020 2021 2022 2023 2024e 2025e
Sales1 1.727,03 1.480,44 1.624,39 1.798,43 1.847,12 1.940,00 0,00
EBITDA1,2 180,91 181,46 216,10 174,30 200,30 212,50 0,00
EBITDA-Margin3 10,48 12,26 13,30 9,69 10,84 10,95 0,00
EBIT1,4 61,23 27,74 102,03 -42,23 82,91 95,00 0,00
EBIT-Margin5 3,55 1,87 6,28 -2,35 4,49 4,90 0,00
Net Profit (Loss)1 5,01 -39,98 54,56 -90,71 33,48 41,00 0,00
Net-Margin6 0,29 -2,70 3,36 -5,04 1,81 2,11 0,00
Cashflow1,7 277,58 217,79 156,11 101,28 129,70 0,00 0,00
Earnings per share8 0,06 -0,64 0,88 -1,41 0,62 0,65 0,59
Dividend per share8 0,00 0,00 0,15 0,15 0,15 0,18 0,20
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
ElringKlinger
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
785602 DE0007856023 AG 264,21 Mio € 17.11.1995 Halten 8FWFG976+G7
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
6,95 11,37 0,61 8,99 0,32 2,04 0,14
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,15 0,15 0,18 4,32%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
16.05.2025 07.05.2024 07.08.2024 12.11.2024 27.03.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-2,23%
4,17 €
ATH 35,52 €
+1,93% -15,05% -0,71% -23,70% +0,00%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2025          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2025 by Gereon Kruse #BGFL