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ElringKlinger AGM approves dividend of 50 cents per share - Broad approval for all items on the agenda

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                                                      
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ElringKlinger records boost in revenue and earnings in Q1 2014

DGAP-News: ElringKlinger AG / Key word(s): Quarter Results08.05.2014 / 07:39---------------------------------------------------------------------Dettingen/Erms, May 8, 2014  +++  Despite the adverse effects of foreigncurrency translation, the ElringKlinger Group managed to expand Grouprevenue by 15.3% to EUR 324.0 (281.0) million in the first quarter of 2014.Earnings before interest and taxes (EBIT = operating result) rose by 28.4%to EUR 42.1 (32.8) million. Net income after non-controlling interestsstood at EUR 27.9 (23.8) million.In the first three months of 2014 the ElringKlinger Group once againoutperformed the global car markets in terms of revenue growth. An upturnin the number of new vehicle registrations in Western Europe as well asconsistently solid demand from Asia and North America in conjunction withthe introduction of new products resulted in organic revenue growth - i.e.without scope changes and foreign exchange effects - of 13.4%.Due to the necessary retrospective application of IFRS 11 as regards thepresentation of comparative prior-year figures, the joint ventureElringKlinger Marusan Corporation, Tokyo, Japan, was no longer accountedfor on a proportionate basis but rather in accordance with the equitymethod. As a result, the Group revenue figure originally presented for thefirst quarter of 2013 was reduced to EUR 281.0 million, the differencebeing attributable to this subsidiary's revenue contribution (EUR 5.8million) formerly included at a proportionate rate of 50%. In the firstquarter of 2014, by contrast, the entity was fully consolidated as a resultof the assumption of control effective from December 31, 2013, and wasaccounted for with its total revenue of EUR 11.9 million. The additionalrevenue contribution in the first quarter of 2014 thus stood at EUR 6.0million. When determining organic revenue growth, the joint venture wasaccounted for as if the entity had remained subject to proportionateconsolidation, as was originally the case.The strength of the euro had a dilutive effect on Group revenue in thefirst quarter of 2014 given the fact that ElringKlinger generates around40% of its sales revenue outside the eurozone. The negative effect onconsolidated sales of translating revenues into the Group currency - euro -was equivalent to EUR 8.6 million.EBIT rises to EUR 42.1 million - Marked improvement in earnings for ExhaustGas Purification divisionEarnings before interest, taxes, depreciation and amortization (EBITDA)increased to EUR 60.8 (51.0) million. Depreciation and amortization rose toEUR 18.7 (18.2) million in the first quarter of 2014. This included anegative earnings effect of EUR 0.9 million in total relating to thepurchase price allocation for Hug Engineering AG, Switzerland, (EUR 0.3million) and ElringKlinger Marusan Corporation (EUR 0.6 million).Despite the as yet negative earnings contribution made by the E-Mobilitydivision (minus EUR 2.2 million), earnings before interest and taxes (EBIT)rose to EUR 42.1 (32.8) million in the first quarter of 2014. The staffprofit-sharing bonus of EUR 1,450 (1,300) per employee for the workforce ofElringKlinger AG, ElringKlinger Kunststofftechnik GmbH and Elring KlingerMotortechnik GmbH, as agreed for the financial year 2013, was accounted forin other liabilities and resulted in additional staff costs of EUR 4.7(3.7) million in the first quarter of 2014. In spite of this, EBIT rose by28.4%, i.e. at a more pronounced rate than sales revenue. In addition tobenefiting from revenue growth in all areas of the Original Equipmentsegment, EBIT was fueled in particular by the improvement in earningscontributed by the Exhaust Gas Purification division. Consistently strongdemand in its US retrofitting business for heavy trucks as well as newprojects for inland waterway vessels and business centered around exhaustgas purification systems for natural gas power plants prompted growth inrevenue contributed by the Hug Group in the first three months of 2014,taking the figure to EUR 20.7 (11.0) million. At the same time, EBIT forthe Hug Group rose to EUR 7.7 (1.1) million. By contrast, earningscontributed by ElringKlinger Meillor SAS, France, which are now in positiveterritory but still well below the Group average, had a dilutive effect onthe Group's margin equivalent to around 0.2 percentage points.Additionally, full consolidation of ElringKlinger Marusan Corporationdiluted the Group's EBIT margin by around 0.3 percentage points.Eliminating the effects of purchase price allocation, EBIT in the firstquarter of 2014 stood at EUR 43.0 million, while the corresponding EBITmargin was 13.3%.For the purpose of improved comparability, as from January 1, 2014,ElringKlinger no longer includes foreign exchange effects, which are mainlyattributable to financing activities, in the financial indicator EBIT.Thus, as is standard, EBIT corresponds to the company's operating resultreported in the income statement. Applying the former method ofcalculation, EBIT - which in contrast to the operating result includedforeign exchange gains and losses from financing activities - would haveamounted to EUR 42.2 (35.8) million in the first quarter of 2014.Net finance costs up due to foreign exchange effectsNet finance costs rose by EUR 2.8 million to minus EUR 2.6 (plus 0.2)million. The figure previously reported for the first quarter of 2013 hadbeen minus EUR 0.3 million. The difference in the figure reported now isattributable to income contributed by ElringKlinger Marusan Corporation,which until December 31, 2013, had been accounted for on the basis ofproportionate consolidation and, under the provisions of IFRS 11, has nowbeen consolidated retrospectively using the equity method. The year-on-yearincrease in net finance costs was mainly due to the foreign exchange gainsof EUR 2.5 (Q1 2014: 0.1) million recorded in the first quarter of 2013.Net income after non-controlling interests up by 18% Earnings before taxes rose by EUR 6.5 million, reaching EUR 39.5 (33.0)million. Due to the increase in earnings before taxes, the Group was alsofaced with higher tax expenses in the first quarter of 2014. The latteramounted to EUR 10.2 (8.4) million. The Group's tax rate increased slightlyto 25.8% (25.5%). The ElringKlinger Group managed to exceed net income forthe first quarter of the previous year by 19.1%. Net income for the firstthree months of 2014 thus stood at EUR 29.3 (24.6) million. Net incomeattributable to non-controlling interests rose to EUR 1.3 (0.8) million,primarily as a result of the significant improvement in earningscontributed by the Hug Group. Therefore, net income attributable to theshareholders of ElringKlinger AG stood at EUR 27.9 (23.8) million, anincrease of 17.6%. On this basis, basic and diluted earnings per sharetotaled EUR 0.44 (0.37) in the first quarter of 2014.Order intake remains positive - Order backlog at record levelOrder intake in the first quarter of 2014 edged up by 0.6% to EUR 331.2million, starting from a high prior-year base of EUR 329.2 million. TheElringKlinger Group is supported by a solid order backlog when it comes toachieving sales growth targeted for 2014. As of March 31, 2014, orderbacklog stood at EUR 602.6 (499.1) million in total. This corresponds to ayear-on-year increase of 20.7%.Forecast for the full year confirmed - Further growth in revenue andearnings in 2014The company has confirmed its forecast for the annual period as a whole.For 2014, ElringKlinger anticipates that production output in the globalcar market will expand by 2 to 3%. Against this backdrop, the ElringKlingerGroup has forecast that - on the back of revenue totaling EUR 1,175.2million in the 2013 financial year (ElringKlinger Marusan Corporation wasincluded in this figure on a proportionate basis) - its revenue will growby 5 to 7% organically in 2014, thus outpacing the market as a whole interms of percentage growth. The full consolidation of ElringKlinger MarusanCorporation, Japan, will additionally contribute around EUR 25 million toGroup revenue. Full inclusion of this lower-margin subsidiary within thescope of consolidation will have a slightly dilutive effect on the EBITmargin of the ElringKlinger Group in 2014 (approx. minus 0.3 percentagepoints). At the same time, the introduction of Euro VI is likely to lead tohigher capacity utilization in the truck category over the course of theyear. Additionally, revenue streams attributable to battery technology areexpected to expand and the level of organic growth projected for Grouprevenue will be accompanied by earnings contributions. In total, thesefactors will provide a slight improvement to the Group's EBIT margin.Adjusted for non-recurring items, EBIT is to rise to a level of EUR 160 to165 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---------------------------------------------------------------------08.05.2014 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  ---------------------------------------------------------------------  267138 08.05.2014                                                      
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Press Release

Collaboration between ElringKlinger and Gebrüder Kufferath AG in the field of exhaust gas purification technology

DGAP-News: ElringKlinger AG / Key word(s): Product Launch19.02.2014 / 13:19---------------------------------------------------------------------Dettingen/Erms/Düren, February 19, 2014 +++ Automotive supplierElringKlinger AG, Dettingen/Erms, has teamed up with technical weavingspecialist Gebrüder Kufferath AG (GKD), Düren, to work on integratedsealing and filtration solutions in the field of exhaust gas recirculation.The two companies have already concluded a strategic cooperation agreementto pursue this project. While GKD, as a manufacturer of industrial mesh products, will be applyingits expertise in the field of filtration media and sieving devices made ofmetal mesh, ElringKlinger will be contributing its specialist knowledge inthe manufacture of sealing solutions and their integration within complexexhaust gas recirculation (EGR) systems. Customers will benefit from thecollaborative efforts of both companies through end-to-end access to theirknow-how, fully harmonized processes and large-scale serial production. Asa development partner to the majority of international engine and vehiclemanufacturers, ElringKlinger will be responsible for the overall module andwill incorporate the high-performance low-pressure EGR filters made of 3Dmetal wire mesh within its own specialty exhaust gas sealing systems. Thiswill pave the way for efficient integration of filtration sieves, withintegral gaskets/seals, within the exhaust flow system. Exhaust gas recirculation: core technology for lower emissions In response to stricter emission standards in Europe, the automobileindustry has been forced to press ahead with innovative solutions aimed atfurther reducing CO2 emissions and fuel consumption without impairingengine performance. By 2021, the fleet average has to be reduced from 130g/km to 95 g/km. Increasingly, manufacturers are introducing downsizedengines with turbochargers to achieve this goal. The use of turbochargersand exhaust gas recirculation is of central importance to these downsizingconcepts. At a global level, around 40% of new vehicles are to be equippedwith turbochargers by 2018. At the same time, the Euro 6 standard sets out even stricter requirementsfor the reduction of nitrogen oxides (NOx) in the exhaust tract. In orderto meet the more stringent limits prescribed for passenger cars as from2014, high-performance systems comprising exhaust gas recirculationtechnologies, diesel oxidation catalysts (DOC), selective catalyticreduction (SCR) units and diesel particulate filters (DPF) will berequired. Low-pressure exhaust gas recirculation in conjunction with highengine loads will play a pivotal role when it comes to achieving future NOxlimits. EGR filters prevent particles produced during the combustion process ororiginating from upstream ceramic exhaust gas filters from entering theturbocharger and damaging components. In combination with the specialtygaskets and seals supplied by ElringKlinger, they protect the engine andturbocharger, in addition to scaling back CO2 emissions as a result of thereduced loss of pressure in the exhaust gas recirculation system. Asregards sales potential, the integrated assemblies are also expected to beparticularly interesting for petrol engines featuring low-pressure exhaustgas recirculation. Customers have already been supplied with the first prototypes. Viabilitytesting for serial production readiness is currently underway. Productionof the first jointly developed components is expected to commence in 2015.ElringKlinger has thus further extended its product range centered aroundturbocharger technology. Initially, the Group is expecting to see a revenuecontribution of EUR 2 to 3 million per annum. Owing to the increasingtechnical importance of exhaust gas recirculation worldwide and thesignificant rise in the number of turbochargers being installed, thecompany believes that its revenue potential in the medium term could be atthe higher end of the single-digit million range.ElringKlinger AG ElringKlinger AG is a development partner and supplier to the internationalautomotive industry. Operating at an international level, the Group's corecompetence is centered around cylinder-head and specialty gaskets for carsand commercial vehicles. In addition, it produces plastic housing modulesand shielding components for engine, transmission and exhaust systemapplications as well as supplying industries beyond the automotive sectorwith products made of high-performance plastics. Alongside components forconventional combustion engines, the Group also supplies innovative partsfor electric drive systems. The portfolio is complemented by exhaust gaspurification technology as well as battery and fuel cell components. TheGroup is acknowledged as the global leader in the field of cylinder-headgaskets and is ranked among the top three suppliers worldwide in the areaof specialty gaskets, shielding technology and plastic housingmodules/elastomer technology. The company's success is a tribute to some6,700 employees based at 42 sites around the globe. ElringKlinger suppliesautomobile manufacturers in Europe, the Americas and Asia. In fiscal 2012,the Group generated sales of approx. EUR 1.13 billion.GKD - GEBR. KUFFERATH AGThe owner-run technical weaving enterprise GKD - GEBR. KUFFERATH AG is theglobal market leader for metal and plastic woven solutions. Under theumbrella of GKD - WORLD WIDE WEAVE, the company has brought together fourindependent business divisions: SOLID WEAVE (industrial mesh), WEAVE INMOTION (process belt mesh), CREATIVE WEAVE (architectural mesh) and COMPACTFILTRATION (compact filtration systems). With its eight plants - includingthe headquarters in Germany and other facilities in the US, the UnitedKingdom, France, South Africa, China, India and Chile - as well as itsbranches in Spain, Dubai, Qatar and worldwide representatives, GKD is neverfar from its customers.camera-ready images can be accessed at:http://www.elringklinger.de/en/metal-layer-metalosealtm-gasketReprinting free of charge. File copy requested.End of Corporate News---------------------------------------------------------------------19.02.2014 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  ---------------------------------------------------------------------  253295 19.02.2014                                                      
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ElringKlinger sees third-quarter sales rise by 5% despite adverse foreign exchange effects - Operating result outpaces revenue growth

ElringKlinger AG / Key word(s): Interim Report/Quarter Results06.11.2013 / 07:47---------------------------------------------------------------------Dettingen/Erms, November 6, 2013  +++  The ElringKlinger Group hasconfirmed its preliminary financial results for the third quarter of 2013,as announced on 25 October 2013. Despite the severe malaise afflicting carmarkets in Europe, the company succeeded in driving sales forward by 5.1%to EUR 294.0 (279.8) million in the third quarter of 2013. The appreciationof the euro and the associated effects of currency translation dampenedrevenue growth, which would have reached 8.6% if exchange rates hadremained stable. Expanding by 5.8% to EUR 38.6 (36.5) million,ElringKlinger's operating result moved forward at a faster pace compared tosales revenue. Earnings before interest and taxes (EBIT), which - unlikethe operating result - include the effects of foreign exchange gains andlosses, were impacted by foreign exchange losses of EUR 3.5 million in thethird quarter, together with a non-recurring exceptional charge of EUR 1.5million, and stood at EUR 35.1 (36.0) million.ElringKlinger outperforms the market - Headwind from strong euroIn spite of difficult market conditions in Europe, the ElringKlinger Groupagain managed to outpace the global vehicle markets by a considerablemargin during the first nine months of 2013.Benefiting from new product launches, more dynamic business in NorthAmerica and continued buoyancy in overseas demand from Asia, ElringKlingerwas able to compensate for the severe weakness facing Western Europeanautomotive markets. Group sales revenue rose by 4.1% to EUR 884.1 (849.6)million. In this context, Group revenue was visibly diluted by thedirection taken by the US dollar, the Brazilian real and several Asiancurrencies. ElringKlinger generates around 40% of its sales revenue outsidethe eurozone. The negative effect of translating revenues into the Groupcurrency - the euro - was equivalent to EUR 16.4 million in the first ninemonths of 2013. If exchange rates had remained unchanged, revenue growthwithin the Group would have amounted to 6.0% in the nine-month period. TheGroup saw an acceleration in the rate of growth during the third quarter,despite the unfavorable effects of foreign currency translation. It managedto increase its sales revenue by 5.1% to EUR 294.0 (279.8) million in thethird quarter of 2013. If foreign exchange rates had remained unchanged,sales revenue would have expanded by 8.6% to EUR 303.8 million.Successful integration of acquired companies Sales generated by exhaust specialist Hug - ElringKlinger acquired thiscompany in 2011 and now holds a 93.7% interest in it - rose to EUR 13.1(7.2) million in the third quarter, fueled in particular by strong demandwithin the US retrofit market for trucks and buses as well as new projectsrelating to inland shipping and exhaust gas purification for stationary,gas-fired power plants. Earnings before taxes grew from minus EUR 0.7million to EUR 2.2 million.Despite the continued weakness of the French automotive market with regardto the number of cars sold and a concomitant downturn in sales at the siteoperated by the former Freudenberg company ElringKlinger Meillor SAS,Nantiat, earnings before taxes generated by the former Freudenberg plantsimproved to EUR 0.9 (0.5) million, with revenue stagnating at EUR 11.5million.Operating result up by 5.8% in third quarter As regards its operating result for the first nine months of 2013, theElringKlinger Group succeeded in matching the record set for the sameperiod a year ago, at EUR 113.1 (113.1) million. In this context, theGroup's operating result for the third quarter of 2013 was dented by anon-recurring exceptional expense of EUR 1.5 million associated with marketpenetration efforts in the Aftermarket segment. Additionally, the Groupincurred significant start-up costs in the area of E-Mobility, whereseveral large-scale projects were about to be taken forward to serialproduction level. Despite these factors, the Group's operating resultimproved at a faster rate than revenue in the third quarter, up 5.8% to EUR38.6 (36.5) million. The operating margin in the third quarter of 2013edged up slightly year on year to 13.1% (13.0%).Earnings before interest and taxes (EBIT), which unlike the operatingresult include foreign exchange gains and losses, were impacted by negativeforeign exchange effects equivalent to EUR 2.9 million in total over thecourse of the nine-month period. Thus, EBIT stood at EUR 110.2 (111.6)million, which was 1.3% down on last year's figure. The strength of theeuro was particularly evident in the third quarter of 2013, when foreignexchange losses of EUR 3.5 (-0.5) million had a dilutive effect onearnings. Consequently, at EUR 35.1 (36.0) million, EBIT was weaker thanthe Group's operating result.Attributable to the Group's financing activities, foreign exchange losseswere also the key factor behind the visible year-on-year increase in netfinance costs in the third quarter of 2013. The latter rose to EUR 6.3(3.6) million. The foreign exchange effects also resulted in higher netfinance costs for the first nine months of the financial year, up at EUR11.5 (10.8) million. The ElringKlinger Group thus saw earnings before taxescontract marginally to EUR 101.6 (102.2) million. In the third quarter of2013, earnings before taxes were slightly lower year on year, at EUR 32.3(33.0) million - also as a result of foreign currency effects.As a result, net income after non-controlling interests remained largelyunchanged at EUR 72.5 (72.7) million for the first nine months of 2013. At30.5% (26.0%), the income tax rate in the third quarter of 2013 wasmarkedly higher than in the previous year, as a result of which net incomeafter non-controlling interests contracted slightly to EUR 22.5 (23.3)million. Basic and diluted earnings per share totaled EUR 1.14 (1.15) inthe first nine months of 2013. In the third quarter of 2013, earnings pershare stood at EUR 0.36 (0.37).Expansive order intake Order intake remained solid at Group level. Orders placed by customersincreased by 11.5% to EUR 298.2 (267.5) million in the third quarter of2013. Order backlog for the Group rose to EUR 578.1 (472.8) million as atSeptember 30, 2013. This corresponds to a year-on-year increase of 22.3%.Revenue and earnings growth also forecast for the financial year as a wholeThe Group anticipates that global automobile production will expand onlyslightly in 2013 as a whole. While the Western European car market appearsto have reached its nadir, there are as yet no signs of a fundamentalrecovery. The Group's operating margin for 2013 will still be reduced tosome extent by the below-average aggregate profit margin of the entitiesacquired from Freudenberg. However, the dilutive effects are expected to beless pronounced compared to the previous year. At the same time, theE-Mobility division is facing substantial up-front expenses and start-upcosts. Several serial production projects are scheduled to commence withinthis area at the end of the year.Against this background, the ElringKlinger Group plans to increase salesrevenue by 5 to 7% in 2013 in terms of organic growth. Consequently,ElringKlinger anticipates that EBIT adjusted for non-recurring items willgrow at a more pronounced percentage rate compared to sales revenue in2013, taking the estimated figure to between EUR 150 and 155 million (EUR136.0 million in 2012). Looking forward to the remainder of the financialyear, revenue and EBIT growth may be positioned at the lower end of theseranges if the euro continues to appreciate significantly against othercurrencies that are of relevance to the Group.The full report for the third quarter and the first nine months of 2013 isavailable online at www.elringklinger.de/investor/2013-Q3-en.pdfEnd of Corporate News---------------------------------------------------------------------06.11.2013 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  ---------------------------------------------------------------------  238115 06.11.2013                                                      
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Press Release

ElringKlinger AG: Hug supplies diesel particulate filters for U.S. Postal Service

ElringKlinger AG / Key word(s): Incoming Orders24.09.2013 / 08:38---------------------------------------------------------------------Dettingen/Erms, September 24, 2013  +++  The Swiss exhaust specialist Hug,in which ElringKlinger AG holds a majority stake, now supplies exhaustpurification systems for the United States Postal Service. Nearly 400vehicles operated by U.S. Mail in California are being fitted with dieselparticulate filters equipped with catalytic soot burn-off technology thatalso reduces levels of carbon monoxide and hydrocarbons. The firstdeliveries of Hug's filter systems are already under way via the automotiveretail sector.The U.S. retrofitting market, served by mobiclean R TM diesel particulatefilter systems, has become an important source of revenue for the HugGroup. In California, Hug can now boast a share of over 30% in theretrofitting market for buses and trucks. Sales of the diesel particulatefilters in North America were given a major boost at the beginning of thisyear when the CARB (California Air Resources Board) approved the systemsfor retrofitting buses and trucks weighing over 6.34 metric tons.The Swiss Hug Group's main focus is on exhaust purification systems fortrucks and other commercial vehicles, the shipping industry and stationaryoil- and natural-gas-fired power stations. The company develops andproduces all the main components in-house, e.g. the ceramic substrates forcatalysts, diesel particulate filters and DeNOx systems, as well as thecatalytic coating and the housings.In 2012, the Hug Group achieved total sales revenue of EUR 36.6 million,although EBIT (earnings before interest and tax) remained in negativeterritory at minus EUR 3.0 million. After a turnaround in the first quarterof 2013, not to mention the restructuring of production and a series of newprojects, the company expects sales to rise to over EUR 45 million withEBIT in excess of EUR 7 million.End of Corporate News---------------------------------------------------------------------24.09.2013 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 / 724-636                                        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  ---------------------------------------------------------------------  231528 24.09.2013                                                      
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