DGAP-News: ElringKlinger AG / Key word(s): AGM/EGM16.05.2014 / 13:49---------------------------------------------------------------------Stuttgart, Dettingen/Erms (Germany), May, 16, 2014 +++ MDAX-listedElringKlinger AG will pay a regular dividend of EUR 0.50 (0.45) per sharefor the financial year 2013. The Annual General Meeting (AGM) electedGabriele Sons, Management Board member of ThyssenKrupp Elevator AG, ontothe Supervisory Board of ElringKlinger AG. Additionally, the AGM approvedthe actions of both the Management Board and the Supervisory Board ofElringKlinger AG by large majorities.Addressing an audience of around 550 shareholders and guests attending theAGM at the Liederhalle Cultural and Congress Center in Stuttgart, CEO Dr.Stefan Wolf looked back on what was a satisfactory financial year 2013:"Despite difficult market conditions and the negative foreign exchangeeffects associated with a strong euro, we managed to set new records withregard to revenue and earnings. The ElringKlinger Group succeeded inexpanding revenue by 4.3% to EUR 1,175.2 (1,127.2) million, thus outpacingthe global car markets in terms of percentage growth. At the same time,growth generated at Group level was profitable." Earnings before interestand taxes (EBIT) rose to EUR 160.4 (135.8) million. This figure includednon-recurring income of EUR 17.6 million from the assumption of controlover the Japanese joint venture ElringKlinger Marusan Corporation.Eliminating this non-recurring item, profit after taxes and non-controllinginterests (profit attributable to the shareholders of ElringKlinger AG)totaled EUR 92.7 (85.7) million, up 8.2%.Shareholders supported the proposal put forward by the Management Board andSupervisory Board and passed a resolution, with 99.99% in favor, toincrease the regular dividend to EUR 0.50 (0.45) per share. Participatingin the company's success, company shareholders will thus receive a dividendpayout of EUR 31.7 (28.5) million in total, which represents a year-on-yearincrease of 11.2%. Calculated on the basis of applicable net income ofElringKlinger AG, amounting to EUR 60.2 (56.5) million, the dividend ratiofor the financial year 2013 is 52.7% (50.4%).Broad approval for all items on the agenda - Gabriele Sons elected onto theSupervisory BoardAs a replacement to Dr. Thomas Klinger-Lohr, who stepped down from theSupervisory Board as of December 31, 2013, 99.54% of the AGM voted in favorof electing Gabriele Sons onto the Supervisory Board. She had already beenappointed as a member of the Supervisory Board on a temporary basis by theDistrict Court. Ms. Sons is a member of the Management Board ofThyssenKrupp Elevator AG.The shareholders of ElringKlinger also passed the other proposals putforward by the management by large majorities. The actions of theManagement Board and the Supervisory Board were ratified with 99.60% and98.74% of the votes respectively.Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart, wasreappointed as the auditor for the financial year 2014.Beyond CO2 - Focusing on emissions reductionAs part of a presentation in the foyer of the Cultural and Congress Center,shareholders and guests were given an insight into the extensive range ofproducts engineered by the ElringKlinger Group for automotive applicationsof the future. The exhibition included a number of new products centeredaround emissions reduction in combustion engines, including dieselparticulate filters for locomotives and ships from the Exhaust GasPurification division. Visitors also showed a keen interest in newdevelopments within the E-Mobility division, which included a batterymodule on the basis of prismatic lithium-ion cells for material-handlingequipment and a hydrogen-powered fuel cell stack with an output of 6 kW foruse in range extenders."Benefiting from our entry into the lightweight engineering market andsupported by strong structural growth in the area of turbocharger gaskets,thermal shielding parts and exhaust gas purification technology, we arefavorably positioned to pursue further profitable growth in the years tocome, despite persistently large future-focused investments directed at theE-Mobility division," said Dr. Stefan Wolf, CEO of ElringKlinger AG, in hisaddress to the company's shareholders. "ElringKlinger AG shareholders willcontinue to profit from this performance," said Wolf.Further revenue and earnings growth expected for 2014 as a wholeThe company confirmed its forecast for the current annual period. For 2014,ElringKlinger anticipates that production output in the global car marketwill expand by 2 to 3%. Against this backdrop, the ElringKlinger Group hasforecast that - on the back of revenue totaling EUR 1,175.2 million in the2013 financial year - its revenue will grow by 5 to 7% organically in 2014,thus outpacing the market as a whole in terms of percentage growth. Thefull consolidation of ElringKlinger Marusan Corporation will additionallycontribute around EUR 25 million to Group revenue. Adjusted fornon-recurring items, EBIT (= operating result) is to rise to a level of EUR160 to 165 (149.2) million.Contact:For further information, please contact:ElringKlinger AG - Investor Relations/Corporate PRStephan HaasMax-Eyth-Straße 272581 Dettingen/ErmsTel.: +49 (0)7123-724-137E-Mail: stephan.haas@elringklinger.com End of Corporate News---------------------------------------------------------------------16.05.2014 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language: English Company: ElringKlinger AG Max-Eyth-Straße 2 72581 Dettingen/Erms Germany Phone: 071 23 / 724-0 Fax: 071 23 / 724-9006 E-mail: stephan.haas@elringklinger.de Internet: www.elringklinger.de ISIN: DE0007856023 WKN: 785602 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of News DGAP News-Service --------------------------------------------------------------------- 269034 16.05.2014
Germany
France
Spain
United Kingdom
Turkey
Italy
Hungary
Romania
South Africa
Switzerland
USA
Canada
Mexico
Brasil
China
India
Indonesia
Japan
South Korea
Thailand
