wiegveld schreef op 3 januari 2021 11:21:
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Op duitse website staat dit bericht uit begin 2020
211. ElringKlinger AG
ElringKlinger is a 500 mn market cap supplier for the automobile industry. From the whole sector, ElringKlinger is maybe the most dependent company on combustion engines. The company is the most important cylinder head gasket globally, with a market share of 80%. However, electric vehicles have no need for these parts. As Elringlingers revenue still depend mostly on these products it is no wonder that the share price has tanked to a 15 year low after a long climb:
ElringKlinger
The company itself is clearly trying to establish new product lines in order to lower the dependency on combustion engines as the last investor presentation shows. One of the issues however is the large amount of debt (~900 mn gross) that the company has accumulated. Nvertheless, Elring Klinger for me is an interesting candidate to “watch”.