Announcements

DGAP-News: ElringKlinger AG / Key word(s): Sustainability2015-08-17 / 15:32---------------------------------------------------------------------Dettingen/Erms (Germany), August 17, 2015   +++ Fuel cell system specialistnew enerday, a Neubrandenburg-based subsidiary of ElringKlinger AG, hassecured a contract from a major wind turbine manufacturer to supply thelatter with alternative energy for the installation of new wind turbines.The agreements were signed in July 2015, and the first fuel cell systemshave already been delivered to the customer.The blanket service agreement concluded between new enerday and the world'slargest producer of wind turbines covers the supply of energy over aninitial period of one year with the option of an extension. The annualvolume of business under this agreement - in euros - runs into six figures.Calculated on the basis of annual revenue currently being generated by newenerday GmbH, this corresponds to a share of around 25%. In the first year,under the terms of this agreement new enerday will handle the power supplyfor around a dozen wind turbines while they are being installed. This willspan a period of several months and will initially cover sites in Germanyand Poland.The company will be using 1000 W fuel cells operated with conventional LPGcylinders for the full range of AC consumers. The fuel cells emit only aminimal amount of pollutants and produce hardly any noise during operation.What is more, they offer an independent supply of power over a period of upto three months without the need for refilling. The turnkey solutionencompasses a high-performance solar module and a fuel cell to create aninnovative hybrid system that guarantees independent, 24/7 power supplywherever deployed by the customer. The electrical efficiency of the fuelcell systems is almost twice as high as that achieved by generators poweredby a gasoline or diesel engine. In the past, the customer deployedconventional diesel-fueled generators for power supply during theconstruction of its wind farms. By switching to the new enerday fuel cellsystem, the company will be able to reduce its operating costs by up to50%. At the same time, CO2 emissions will be scaled back by more than 90%.Additionally, the systems are maintenance free and can be monitoredremotely.Dr. Matthias Boltze, Managing Director of new enerday GmbH: "This contractrepresents a milestone in the young history of new enerday - in terms ofboth the volume of the order and the opportunity to penetrate new salesmarkets. It proves that our system operates very reliably and is suitablefor day-to-day use. Alongside the growing wind energy market, our fuel cellsystem is particularly interesting for various fields of applicationrelating to off-grid electricity supply. I am extremely confident that thetechnologies developed by new enerday can realize their huge potential inthis sector and inspire other customers to explore these possibilities."Established in 2010, new enerday GmbH develops and manufactures electricitygenerators based on fuel cell technology. This involves the use ofhigh-temperature solid oxide fuel cells (SOFCs) that are capable ofgenerating electrical energy directly from fossil fuels such as natural gasor LPG.In July 2014, the ElringKlinger Group acquired a 75% interest in newenerday GmbH. In doing so, ElringKlinger AG has strengthened its businessactivities in the field of fuel cell technology and extended its ownexpertise centered around associated electronics, reformer technology andsystem integration. The focus is on promising new sales markets beyondthose serving the automotive industry.__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerInvestor Relations / Corporate PRMax-Eyth-Straße 272581 DettingenGermanyPhone: +49 7123 724-137Fax: +49 7123 724-85137E-mail: sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-08-17 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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:      sabrina.haufler@elringklinger.com                           Internet:    www.elringklinger.de                                        ISIN:        DE0007856023                                                WKN:         785602                                                      Indices:     MDAX                                                        Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;               Regulated Unofficial Market in Berlin, Dusseldorf,                       Hamburg, Hanover, Munich                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  387383 2015-08-17                                                      

DGAP-News: ElringKlinger AG / Key word(s): Half Year Results2015-08-05 / 07:31---------------------------------------------------------------------Dettingen/Erms (Germany), August 5, 2015 +++ The ElringKlinger Grouprecorded revenue growth of 13.9% in the second quarter of 2015, taking thefigure to EUR 379.7 (333.5) million. Organically, i.e. excluding theeffects of acquisitions and foreign exchange gains, revenue expanded by4.5%. Thus, the ElringKlinger Group yet again managed to outpace theinternational vehicle markets when it came to the rate of growth achieved.Adjusted earnings before interest and taxes (EBIT), excluding purchaseprice allocations, totaled EUR 39.6 (42.3) million in the second quarter of2015. Net income after non-controlling interests stood at EUR 21.0 (28.5)million.Dynamic revenue growth continuesElringKlinger saw its sales revenue expand further against the backdrop ofsustained consumer demand in the United States and an increasingly dynamicupturn in Europe's vehicle markets. Additionally, the Group benefited fromseveral new product rollouts as well as significant structural growth inmany of the product groups targeted at CO2 reduction. At an organic level,i.e. without the effects of consolidation and currency translation, revenuegrowth totaled 4.5% in the second quarter of 2015. The first-timeconsolidation of former M&W Manufacturing Company, Inc., Warren/USA (M&W),contributed additional revenue of EUR 8.8 million. As a result of thedirection taken by the euro exchange rate, particularly in relation to theUS dollar, Swiss franc and some of the Asian currencies, Group revenue wasboosted by a further EUR 22.4 million in the second quarter of 2015. Totalrevenue generated by the ElringKlinger Group rose by 13.9% to EUR 379.7(333.5) million in the second quarter of 2015.In the first half of 2015, Group revenue grew by 14.2% to EUR 751.1 (657.5)million. Revenue of EUR 13.7 million was attributable to the first-timeinclusion of M&W, while the direction taken by foreign exchange ratesboosted the figure by EUR 46.5 million. Organic revenue growth in the firsthalf of 2015 amounted to 5.1%.Slight quarter-on-quarter improvement in EBIT margin in Q2 In the second quarter of 2015, adjusted Group EBIT before purchase priceallocations amounted to EUR 39.6 (42.3) million, up EUR 2.9 million on thefigure posted for the first quarter (EUR 36.7 million). Compared to thepreceding quarter, the EBIT margin before purchase price allocation was up0.5 percentage points at 10.4%. Adjusted Group EBIT before purchase priceallocation stood at EUR 76.3 (85.3) million in the first half of 2015. Thiscorresponds to an EBIT margin before purchase price allocations of 10.2%(13.0%).As anticipated on the basis of developments in the first three months,business in the Original Equipment segment continued to be driven by highlevels of capacity utilization over the course of the second quarter.Individual divisions within this segment again recorded a sustained surgein demand. This necessitated the introduction of extra shifts andadditional freight movements, thus pushing the cost base up by around EUR 5million in the second quarter of 2015. At the same time, the suddenappreciation of the Swiss franc against the euro had a dampening effect.ElringKlinger has already initiated measures aimed at optimizing itsearnings situation and is anticipating a gradual improvement in performanceby the end of the year.What is more, the EBIT margin in the second quarter of 2015 continued to bediluted by the most recent corporate acquisitions (around 0.7 percentagepoints) as well as the persistently weak performance of the E-Mobilitybusiness (around 0.4 percentage points).Net finance result for Q2 impacted by lower foreign exchange gains The first quarter of 2015 produced net foreign exchange gains of EUR 6.5(0.1) million in connection with financing activities. These gains weresubstantially lower in the second quarter, taking the figure into negativeterritory at EUR -3.4 (1.2) million. In total, net finance costs stood atEUR 6.5 (2.1) million in the second quarter of 2015. In the first half, netfinance costs amounted to EUR 3.0 (4.7) million. As a result, earningsbefore taxes totaled to EUR 31.8 (39.5) million in the second quarter andEUR 70.7 (78.9) million in the first half.Net income at EUR 22 million in Q2 - Earnings per share at EUR 0.33At EUR 9.8 (9.7) million, tax expenses in the second quarter of 2015remained largely unchanged on the figure posted for the same period a yearago. The Group tax rate rose to 30.8% (24.6%) as a result of smallerearnings contributions from countries with low tax rates. In the first sixmonths tax expenses amounted to EUR 19.5 (19.9) million; the tax rate was27.6% (25.2%).Net income stood at EUR 22.0 (29.7) million in the second quarter and atEUR 51.2 (59.0) million in the first half of 2015. After non-controllinginterests, net income was EUR 21.0 (28.5) million. In the first six monthsof 2015 net income after non-controlling interest totaled EUR 49.2 (56.5)million.On this basis, earnings per share for the second quarter of 2015 stood atEUR 0.33 (0.45). In the first half of 2015, earnings per share stood at EUR0.78 (0.89).Order intake rises by 15% from a high baseOn the back of a strong first quarter, order intake expanded at anencouraging rate in the second quarter of 2015. Compared to the same perioda year ago, it rose by 14.5% to EUR 435.1 (380.0) million. Eliminatingincoming orders attributable to the acquisition of the entity formallytrading as M&W, order intake was still up by 11.0% at EUR 422.0 (380.0)million. Thus, order backlog reached a new all-time high of EUR 786.2(649.1) million as of June 30, 2015.Outlook 2015 ElringKlinger anticipates that global automobile production in 2015 willexpand by a percentage figure at the lower end of the single-digit range.While growth in China is likely to weaken by a significant margin, theEuropean markets should develop better than previously expected.Against this backdrop, the ElringKlinger Group is targeting organic revenuegrowth of 5 to 7%. Additionally, the consolidation of ElringKlingerAutomotive Manufacturing Inc. (formerly M&W) will contribute around EUR 30million to Group revenue in the financial year as a whole.The special charges outlined above, earnings contributions from acquiredentities that are as yet below the Group average and sluggish demand in theE-Mobility division will have a dampening effect on ElringKlinger Groupearnings in 2015. Based on the assumption that earnings improve in thesecond half of the year as a result of optimization measures alreadyinitiated, EBIT before purchase price allocation, adjusted fornon-recurring items, is expected to be around EUR 165 million.Key financials for Q2 and H1 2015
in EUR m                 Q2 2015  Q2 2014  Change  H1 2015  H1 2014  ChangeOrder intake             435.1    380.0    14.5%   849.1    711.2    19.4%Order backlog            786.2    649.1    21.1%(as of June 30, 2015)Sales revenue            379.7    333.5    13.9%   751.1    657.5    14.2%Gross profit             97.1     91.8     5.8%    192.6    183.0    5.2%Operating result/        38.3     41.5     -7.7%   73.7     83.6     -11.8%EBITAdjusted EBIT            39.6     42.3     -6.4%   76.3     85.3     -10.6%before purchaseprice allocationsEarnings before tax      31.8     39.5     -19.5%  70.7     78.9     -10.4%Net income               22.0     29.7     -25.9%  51.2     59.0     -13.2%Net income attributable  21.0     28.5     -26.3%  49.2     56.5     -12.9%to shareholders ofElringKlinger AGEarnings per share       0.33     0.45     -26.7%  0.78     0.89     -12.4%(in EUR)
The full report on the second quarter and first half of 2015 can beaccessed at www.elringklinger.de/investor/2015-Q2-en.pdf__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerCorporate Communications / Investor RelationsMax-Eyth-Straße 272581 DettingenGermanyPhone +49  7123 724-137Fax +49  7123 724-85137Email sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-08-05 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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:      sabrina.haufler@elringklinger.com                           Internet:    www.elringklinger.de                                        ISIN:        DE0007856023                                                WKN:         785602                                                      Indices:     MDAX                                                        Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;               Regulated Unofficial Market in Berlin, Dusseldorf,                       Hamburg, Hanover, Munich                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  383643 2015-08-05                                                      

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous2015-07-20 / 15:35---------------------------------------------------------------------Dettingen/Erms (Germany), July 20, 2015   +++ The ElringKlinger Group, oneof the world's leading automotive suppliers, has secured a major contractfor the supply of lightweight shielding systems to a volume car maker fromJapan. The overall volume of the order stands at around USD 10 million perannum. Series supply is to commence in 2017."The major serial production order placed by a Japanese customer for thesupply of lightweight shielding parts from our manufacturing plants inJapan and the United States is a milestone in our efforts to expand ourcurrent business relationship," said Karl Schmauder, member of theManagement Board responsible for Sales Original Equipment and New BusinessAreas. "Thanks to the outstanding functionality of our shielding parts, incombination with their low weight, we are certain to unlock furtherpotential in this area." ElringKlinger is a supplier to all major vehicleand engine manufacturers around the globe.ElringKlinger will supply lightweight shielding components for exhaustmanifolds fitted to a next-generation engine to be launched by the Japanesecar maker. These components are instrumental in ensuring that thetemperatures required in the exhaust tract are reached so that thecatalytic converter can operate effectively. At the same time, they absorbnoise and vibrations emanating from other assemblies. Recording dynamicgrowth, the Shielding Technology division contributes around 26% to totalrevenue generated by the ElringKlinger Group.The company's lightweight shielding components are produced at the Japanesesite of ElringKlinger Marusan Corporation in Greater Tokyo to cover demandin Japan, while products required in the US are made at the ElringKlingerfacility in Buford, USA.The ElringKlinger Group currently generates more than 20% of its OriginalEquipment sales in Asia. The Japanese joint venture ElringKlinger MarusanCorporation is of particular importance to the Asian strategy adopted bythe ElringKlinger Group, especially in the rapidly expanding ASEAN region.The 50:50 joint venture was established in 2004. Since 2013, ElringKlingerhas held full economic control on the basis of a contractual agreement.__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerCorporate Communications / Investor RelationsMax-Eyth-Straße 272581 DettingenTel.: +49 (0)7123-724-137Fax: +49 (0)7123-724-85 137E-mail: sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-07-20 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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:      sabrina.haufler@elringklinger.com                           Internet:    www.elringklinger.de                                        ISIN:        DE0007856023                                                WKN:         785602                                                      Indices:     MDAX                                                        Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;               Regulated Unofficial Market in Berlin, Dusseldorf,                       Hamburg, Hanover, Munich                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  379313 2015-07-20                                                      

DGAP-News: ElringKlinger AG / Key word(s): AGM/EGM2015-05-13 / 14:57---------------------------------------------------------------------ElringKlinger AGM resolves on dividend increase - Broad approval for allitems on the agenda  - Dividend increases 10% to EUR 0.55 (0.50) per share   - Actions of the Management Board and Supervisory Board approved by a    large majority  - Rita Forst, former member of the Management Board of Adam Opel AG, new    member of the Supervisory BoardStuttgart, Dettingen/Erms (Germany), May, 13, 2015 +++ Addressing around500 shareholders, shareholder representatives and guests attending today'sAGM at the Cultural and Congress Center Liederhalle in Stuttgart, Dr.Stefan Wolf, CEO of MDAX-listed ElringKlinger AG, took stock of a 2014financial year that proved encouraging for the company: "In a marketenvironment influenced to some extent by geopolitical uncertainties, wemanaged to lift sales revenue by 15.3% to EUR 1,325.8 million. Our Groupmaintained its momentum of profitable growth." Adjusted earnings beforeinterest and taxes (EBIT) before purchase price allocation rose to EUR162.3 (149.8) million. The share of net income attributable toElringKlinger shareholders also increased, totaling EUR 105.7 (92.7*)million.The proposal by the Management Board and Supervisory Board for a higherdividend of EUR 0.55 (0.50) per share was approved by the AGM with 99.97%of the votes. Thus, ElringKlinger will distribute a dividend payout of EUR34.8 (31.7) million among its shareholders, allowing them to benefitappropriately from the company's success. Calculated on the basis ofElringKlinger AG's net income for the year (EUR 58.9 million), the dividendratio for the financial year 2014 increased to 59.1% (52.7%).Supervisory Board elections - Rita Forst appointed as a new memberWith the terms in office of the Supervisory Board members representingElringKlinger's shareholders having come to an end, the AGM had to casttheir votes for a newly appointed Supervisory Board in 2015. Theshareholder representatives put forward as candidates were re-elected withlarge majorities by the AGM. Rita Forst was appointed to the SupervisoryBoard as a new member. Until 2012, she had been on the Management Board ofAdam Opel AG.The other proposals put forward by the company's management were alsopassed with a broad consensus. The actions of the Supervisory Board wereratified with 95.51% of the votes and those of the Management Board with99.93%. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart, wasre-appointed as the independent auditor for the 2015 financial year. Thecompensation system for the Management Board members was approved by theAGM with 92.18% of the votes.pure process - the essence of ElringKlinger's unique core competenciesAs 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 of the ElringKlinger Group tailored to the task of emissionsreduction. Those attending showed a particularly keen interest in thecompany's innovative lightweight solutions such as cockpit and front-endcarriers. These hybrid polymer-metal components represent a pioneeringtechnology that brings together the benefits of plastic and metal. Itcombines the merits of outstanding rigidity with those of extremely lowweight, thus making a significant contribution to fuel and thereforeemissions reduction."These so-called hydroformed hybrids mark ElringKlinger's entry intolightweight body engineering. This is the result of many years of expertisein the field of materials and tooling," said CEO Dr. Stefan Wolf. "By theend of 2020, we will be looking to generate sales revenue of EUR 120 to 130million within this area."Outlook 2015ElringKlinger anticipates that global automobile production will expand byaround 2% in 2015. Based on this assumption, the Group is targeting organicrevenue growth of 5 to 7%. Additionally, the first-time consolidation ofElringKlinger Automotive Manufacturing (M&W) will contribute around EUR 30million to Group revenue in the financial year as a whole. Adjusted fornon-recurring items, EBIT before purchase price allocations is expected toreach around EUR 165 (162.3) million in 2015 as a whole.*Excl. one-time gain from assumption of control of ElringKlinger MarusanCorporation (EUR 12.7 million after taxes)__________________________________________________________________________Contact:For further information, please contact:ElringKlinger AG - Investor Relations/Corporate PRSabrina HauflerMax-Eyth-Straße 272581 Dettingen/ErmsTel.: +49 (0)7123-724-137E-Mail: sabrina.haufler@elringklinger.com ---------------------------------------------------------------------2015-05-13 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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:      sabrina.haufler@elringklinger.com                           Internet:    www.elringklinger.de                                        ISIN:        DE0007856023                                                WKN:         785602                                                      Indices:     MDAX                                                        Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;               Regulated Unofficial Market in Berlin, Dusseldorf,                       Hamburg, Hanover, Munich                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  357399 2015-05-13                                                      

DGAP-News: ElringKlinger AG / Key word(s): Quarter Results2015-05-06 / 07:45---------------------------------------------------------------------ElringKlinger with strong organic revenue growth in Q1 2015 Dettingen/Erms (Germany), May 6, 2015   +++ The ElringKlinger Group hasconfirmed its preliminary results for the first quarter of 2015, asannounced on April 29, 2015. The automotive supplier saw its revenue growby 14.6% in the first quarter of 2015, taking the figure to EUR 371.4(324.0) million. Organically, i.e. excluding the effects of acquisitionsand foreign exchange gains, revenue expanded by 5.7%. Thus, theElringKlinger Group yet again managed to outpace the global vehicle marketswhen it came to the rate of growth achieved. Earnings before interest andtaxes (EBIT), and before purchase price allocations, totaled EUR 36.7(43.0) million. Net income after non-controlling interests totaled EUR 29.2(29.3) million.Strong revenue growth sustained in Q1 2015Outperforming the global vehicle markets yet again in the first threemonths of 2015, ElringKlinger recorded organic revenue growth of 5.7%. Thecompany benefited from a number of new product rollouts as well assignificant structural growth in many of the product groups targeted at CO2reduction.The first-time consolidation of former M&W Manufacturing Company, Inc.,Warren/USA, contributed additional revenue of EUR 4.9 million.ElringKlinger had acquired the specialist for transmission components inFebruary 2015. This entity, now trading as ElringKlinger AutomotiveManufacturing, has been included in the scope of consolidation of theElringKlinger Group since February 14, 2015.The direction taken by the euro, particularly relative to the US dollar,Swiss franc and many of the Asian currencies, boosted revenue by EUR 24.1million. Total revenue generated by the ElringKlinger Group rose by 14.6%to EUR 371.4 (324.0) million.EBIT before purchase price allocation totals EUR 37 millionEarnings before interest, taxes, depreciation and amortization (EBITDA)totaled EUR 56.1 (60.8) million in the first quarter of 2015. Depreciationand amortization rose to EUR 20.7 (18.7) million. Group EBIT stood at EUR35.4 (42.1) million. Before purchase price allocations (EUR 1.3 million),EBIT amounted to EUR 36.7 (43.0) million, thus falling short of theprior-year figure. The entity formerly known as M&W contributed EUR 0.6million to Group EBIT.Business in the Original Equipment segment of the ElringKlinger Group wascharacterized by extremely high capacity utilization during the firstquarter of 2015. Individual divisions within this segment recorded adisproportionately large surge in demand. This necessitated theintroduction of extra shifts and additional freight movements, thus pushingthe cost base up by around EUR 4 million. In addition, EBIT was diluted byaround EUR 2.5 million as a result of the sudden appreciation of the Swissfranc against the euro. Additionally, the Group incurred start-up costs inconnection with the commencement of serial production - scheduled for thesecond quarter of 2015 - of pioneering hybrid polymer-metal components.What is more, the comparative base of the Exhaust Gas Purification division(Hug) was very high in the first quarter of the previous financial year,which has to be taken into account in a year-on-year comparison. In thefirst quarter of 2014, Hug - buoyed by billings relating to two majorprojects - had contributed earnings before interest and taxes of EUR 7.6million on the back of revenue of EUR 20.7 million. In the first quarter of2015, by contrast, Hug generated revenue of EUR 12.2 million. Against thisbackground and due to the strength of the Swiss franc, Hug made nocontribution to earnings in the first quarter of 2015.The EBIT margin (before purchase price allocations) thus stood at justunder 10% (13.3%). In addition to being impacted by the factors outlinedabove during the first quarter of 2015, the EBIT margin was diluted by thefull consolidation of ElringKlinger Marusan Corporation, Japan, (around 0.3percentage points) as well as the persistently sluggish performance of theE-Mobility division (around 0.6 percentage points).Foreign exchange gains contribute to net finance incomeThe strong depreciation of the euro against key Group currencies producedforeign exchange gains in connection with financing activities. These netgains amounted to EUR 6.5 (0.1) million. In parallel, net interest coststotaled EUR 3.0 (2.7) million. As a result, the Group recorded net financeincome of EUR 3.5 million in the first quarter of 2015, as opposed to netfinance cost of EUR 2.6 million a year ago.Net income after non-controlling interests at EUR 28 millionTax expenses fell to EUR 9.7 (10.2) million in the first quarter of 2015.Correspondingly, the tax rate fell slightly to 24.9% (25.8%). Thus, at EUR29.2 (29.3) million, net income for the ElringKlinger Group remainedlargely unchanged year on year. Net income attributable to non-controllinginterests fell to EUR 1.0 (1.3) million as a result of the lower earningscontribution made by the Hug Group. As a result, net income afternon-controlling interests rose to EUR 28.2 (27.9) million. On this basis,basic and diluted earnings per share totaled EUR 0.45 (0.44) in the firstquarter of 2015.Encouraging trend in order intakeOrder intake rose significantly in the first quarter of 2015, up by 25.0%to EUR 414.0 (331.2) million. On an organic basis, i.e. excluding theentity formerly known as M&W, order intake increased by 22.9% to EUR 407.1million. Order backlog as of March 31, 2015, thus totaled EUR 730.8 (602.6)million.Outlook 2015ElringKlinger anticipates that global automobile production will expand byaround 2% in 2015. Based on this assumption, the Group is targeting organicrevenue growth of 5 to 7%. Additionally, the first-time consolidation ofElringKlinger Automotive Manufacturing (M&W) will contribute around EUR 30million to Group revenue in the financial year as a whole.Against the backdrop of the Group's business performance in the firstquarter of 2015, ElringKlinger has already initiated measures aimed atoptimizing its earnings situation. The Group expects to achieve improvedearnings in the second half of 2015. Adjusted for non-recurring items, EBITbefore purchase price allocations is expected to reach around EUR 165million in 2015 as a whole. The E-Mobility division is unlikely to see afundamental improvement in its performance.The full report on the first quarter of 2015 can be accessed athttp://www.elringklinger.de/investor/2015-Q1-en.pdf__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerCorporate Communications / Investor RelationsMax-Eyth-Straße 272581 DettingenTel.: +49 (0)7123-724-137Fax: +49 (0)7123-724-85 137E-mail: sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-05-06 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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:      sabrina.haufler@elringklinger.com                           Internet:    www.elringklinger.de                                        ISIN:        DE0007856023                                                WKN:         785602                                                      Indices:     MDAX                                                        Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;               Regulated Unofficial Market in Berlin, Dusseldorf,                       Hamburg, Hanover, Munich                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  353475 2015-05-06