XTRA:ZIL2Auto Components
ElringKlinger (XTRA:ZIL2) Stock Cheapens As Cash Flow Improves But Debt Lingers
The market has treated ElringKlinger like a balance sheet headache in recovery mode, yet the latest quarter tells a more nuanced story. The stock closed at €5.13 on 5 August, only slightly higher over the past month and still down over the last quarter. Against that backdrop, Q2 earnings showed solid revenue of €478.9m and net income of €11.2m, with management highlighting stronger operating free cash flow and a reinforced cash position.
For investors, the real headline is that ElringKlinger...