ElringKlinger (ZIL2) Q2 2026 earnings summary

Executive summary

• Group revenue reached EUR 478.9 million in Q2 2026, up 17.3% year-over-year, with organic growth of 18.6%, driven by strong E-Mobility ramp-up and broad-based gains across all segments and regions.

• E-Mobility revenue surged 114% to EUR 85.4 million, including EUR 28.1 million in one-time ramp-up effects, now representing 18% of Group revenue.

• Adjusted EBIT margin improved to 6.0% in Q2 2026, with adjusted EBIT up to EUR 28.9 million.

• Transformation strategies SHAPE30, SHAPE2EMPOWER, and STREAMLINE are progressing, focusing on efficiency, profitability, and customer orientation.

• Management changes include the appointment of Ulrich Zimmer as COO and the planned departure of CFO Isabelle Damen.

Financial highlights

• Adjusted EBITDA rose to EUR 59.1 million in Q2 2026, up 7% year-over-year; margin at 11.2%.

• Adjusted net income attributable to shareholders increased to EUR 15.2 million; EPS up 50% to EUR 0.18.

• Operating free cash flow improved 118% to EUR 51.9 million in Q2 2026.

• Net financial debt at EUR 374.1 million; net debt/EBITDA ratio improved to 1.9x.

• Equity ratio at 35.5% as of June 30, 2026.

Outlook and guidance

• 2026 guidance reaffirmed: slight organic revenue growth, adjusted EBIT margin of 6–7%, slightly positive operating free cash flow, and adjusted ROCE of 8–9%.

• Medium-term targets confirmed: moderate organic growth, EBIT margin of ~8%, and net debt/EBITDA between 1.0–2.0.

• Long-term industry outlook remains positive, with growth expected to resume by 2030.