ElringKlinger AGM increases regular dividend by 12.5% - Klaus Eberhardt appointed as new member of the Supervisory Board

ElringKlinger AG / Key word(s): AGM/EGM16.05.2013 / 13:49---------------------------------------------------------------------Stuttgart, Dettingen/Erms (Germany), May, 16, 2013 +++ MDAX-listedElringKlinger AG will pay a regular dividend of EUR 0.45 (0.40) per sharefor fiscal 2012. Additionally, the AGM elected Klaus Eberhardt, former CEOof Rheinmetall AG, as a new member of the Supervisory Board. The AGMapproved the actions of the Management Board and Supervisory Board ofElringKlinger AG by a large majority.Benefiting from various new product ramp-ups and its strong positioning inAsia and North America, ElringKlinger managed to defy the weak state of theEuropean vehicle markets over the course of the financial year 2012. Profitafter taxes and non-controlling interests (profit attributable to theshareholders of ElringKlinger AG) totaled EUR 85.9 (94.9) million. In thiscontext, the figure posted for the previous financial year had included anon-recurring gain of EUR 16.5 million after taxes attributable to the saleof the company's Ludwigsburg industrial park. On a like-for-like basis (EUR78.4 million), profit after taxes and non-controlling interests rose by9.6% in 2012.On this basis, the shareholders supported the proposal put forward by theManagement Board and Supervisory Board and passed a resolution, with 99.99%in favor, to increase the regular dividend to EUR 0.45 (0.40) per share.Participating in the company's success, the shareholders in the companywill thus receive a dividend payout of EUR 28.5 million in total.Calculated on the basis of applicable net income of ElringKlinger AG,amounting to EUR 56.5 million, the dividend ratio for the 2012 financialyear stands at 50.4%. In 2012, shareholders had received an extra dividendof EUR 0.18 per share in addition to the regular dividend. The extradividend was attributable to one-time income from the sale of theLudwigsburg industrial park in 2011.Addressing an audience of around 600 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: 'Despitea downturn that saw Western Europe's vehicle markets slump to a 25-yearlow, ElringKlinger managed to expand its revenue by 9% and generateprofitable growth in 2012.' Sales revenue recorded by the ElringKlingerGroup increased to EUR 1,127.2 (1,032.8) million in 2012, while adjustedearnings before interest and taxes (EBIT) rose to EUR 136.0 (126.0)million.New member of the Supervisory Board elected - Broad approval for all itemson the agendaWith 97.91% in favor, the AGM elected Klaus Eberhardt, former CEO ofRheinmetall AG, as a successor to Karl Uwe van Husen, who had stepped downfrom his post as Supervisory Board member for reasons of age at the end ofthe 2013 Annual General Meeting.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 99.67% and98.62% of the votes respectively. Ernst & Young GmbH was appointed as theauditor for the financial year 2013.Future Inside - The world of mobility in the futureIn the foyer of the Cultural and Congress Center, shareholders and guestswere given an insight into the extensive range of products engineered bythe ElringKlinger Group for automotive applications of the future.Alongside established products aimed at optimizing the combustion engine,the company showcased new developments within the area of e-mobility aswell as end-to-end exhaust gas purification systems supplied by the Swisssubsidiary Hug. The main focus of those attending this event was on a pureelectric vehicle, equipped with ElringKlinger cell contact systems for thelithium-ion battery stack, as well as the 2012 Engine of the Year, forwhich ElringKlinger developed the cylinder-head gasket.Revenue and earnings growth expected for annual periodMoving into fiscal 2013, the ElringKlinger Group managed to compensate forthe continued malaise in Europe with a strong performance in Asia. Againstthis backdrop, Dr. Stefan Wolf is moderately positive as regards theprospects for business over the course of the year. In the first quarter of2013, sales revenue increased by 1.1% to EUR 286.8 (283.8) million, whileearnings before taxes contracted slightly to EUR 33.0 (34.0) million.ElringKlinger plans to increase sales revenue by 5 to 7% in 2013 in termsof organic growth. Should global car production only stagnate in 2013,revenue growth is more likely to be positioned at the lower end of thisrange. At the same time, EBIT is to grow at a faster rate than revenue.EBIT for the financial year 2013 as a whole is expected to range from EUR150 to 155 million (EUR 136.0 million in 2012).'Supported by new products and structural growth in our core business,particularly turbocharger gaskets, thermal shielding parts and lightweightcomponents, we will once again be looking to outpace market growth,' saidWolf. 'As the rate of expansion will be particularly dynamic in Asia, weconsider ourselves favorably positioned despite the ongoing industrychallenges faced in Western Europe.'End of Corporate News---------------------------------------------------------------------16.05.2013 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory 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 / 724-636                                        Fax:         071 23 / 724-459                                        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  ---------------------------------------------------------------------  211453 16.05.2013