EQS-News: ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
- ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
The issuer is solely responsible for the content of this announcement. - ElringKlinger presents preliminary results for 2023 financial year: Increased profitability, improved cash flow
Revenue expands by 2.7% to EUR 1,847 million (2022: EUR 1,798 million), organic revenue growth of 4.6%
Adjusted EBIT at EUR 100.1 million (2022: EUR 68.4 million), adjusted EBIT margin of 5.4% (2022: 3.8%) at upper end of guidance range
Operating free cash flow up substantially at EUR 36.7 million (2022: EUR 14.8 million)
Net financial debt scaled back to EUR 323 million (2022: EUR 364 million), Net debt/EBITDA ratio at 1.6 (2022: 2.1)
Dettingen/Erms (Germany), March 13, 2024 +++ Based on preliminary, unaudited figures, ElringKlinger AG can look back on a successful 2023 financial year. - Compared to the previous year, the Group managed to increase revenue by 2.7% to EUR 1,847.1 million (2022: EUR 1,798.4 million).
- ElringKlinger reduced its net financial debt by a further EUR 41.0 million or 11.3% to EUR 323.2 million in the 2023 financial year (2022: EUR 364.2 million).