ElringKlinger: Corporate transformation from combustion supplier to e-mobility beneficiary
Reading Time: 3 minutes
Between April and September 2024, the stock price of the automotive supplier halved. The main reasons were, on the one hand, the high upfront costs for the strategic transition towards electric mobility, which heavily impacted margins, and on the other hand, the weak macroeconomic environment, including high energy and inflation costs. However, signs are now emerging that the company has passed the low point and is at a turning point. The driving forces behind this turnaround are the two transformation programs STREAMLINE and SHAPE30. Following...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
