Announcements

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                                                      

ElringKlinger AG  / Key word(s): Interim Report08.05.2013 07:51Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), May 8, 2013  +++  The ElringKlinger Group managedto drive consolidated revenue forward in the first quarter of 2013 despitethe marked slump witnessed throughout Europe's car markets. Sales revenueincreased by 1.1% to EUR 286.8 (283.8) million. At EUR 35.8 (37.3) million,earnings before interest and taxes (EBIT) fell 4.0% short of the Group'sbuoyant earnings performance recorded in the previous year.  Net incomeafter non-controlling interests totaled EUR 23.8 (24.2) million.Dynamic business in Asia compensates for downturn in Western EuropeSupported by new product ramp-ups and an increase in revenue from sales inAsia in excess of 20 %, ElringKlinger managed to compensate for the morethan 10 % decline in car production figures over the course of the firstthree months of 2013 in Western Europe. Including exports, the Groupgenerated almost half of its Original Equipment revenue in Asia as well asNorth and South America in the first quarter.Performance of acquired companies - Successful turnaround at exhaustspecialist HugBenefiting from the increase in sales, the restructuring measures alreadyimplemented and the deployment of state-of-the-art production technology,the Hug Group has seen a gradual improvement in its earnings performance.While the first quarter of the previous year had produced a pre-tax loss ofEUR 2.0 million, earnings before taxes were already showing a steadyimprovement over the course of 2012. In the first quarter of 2013, salesrevenue increased to EUR 11.0 (7.0) million, while earnings before taxesimproved year on year to EUR 1.0 million.By contrast, the protracted malaise afflicting car markets in WesternEurope also took its toll on capacity utilization levels at the formerFreudenberg company ElringKlinger Meillor SAS, France. Whereas the earningscontributions of the two former Freudenberg sites in Gelting (Germany) andSettimo Torinese (Italy) were well within positive territory, the earningsperformance of ElringKlinger Meillor was negative. ElringKlinger iscurrently implementing restructuring measures at this site for the purposeof adapting capacity levels to persistently low demand within the market.In this context, other liabilities of EUR 1.8 million were recognized asearly as the first quarter of 2013, which had a one-time impact onearnings. At the same time, processes are being further automated andsmall-scale serial production is being introduced for the aftermarket lineof business. In total, the former Freudenberg sites acquired in 2011produced revenue of EUR 13.4 (13.7) million in the first quarter of 2013and earnings before taxes of minus EUR 1.5 (0.2) million.Slight contraction in EBITEarnings before interest, taxes, depreciation and amortization (EBITDA)stood at EUR 54.3 (57.0) million. At EUR 18.5 (19.8) million,depreciation/amortization was slightly lower in the first quarter of 2013.The ongoing purchase price allocations relating to Hug Engineering AG andthe Hummel-Formen Group had a negative effect of EUR 0.6 (-0.6) million intotal. Despite the negative aggregate earnings contribution made by theacquired entities and the significant up-front costs associated with theE-Mobility division, the Group's operating result stood at EUR 33.3 (39.0)million. This corresponds to a 14.6% decline compared to the figurerecorded in the same quarter a year ago. However, the operating result wasup considerably on the figure posted in the fourth quarter of 2012 (EUR25.8 million). The staff profit-sharing bonus of EUR 1,300 (1,150) peremployee for members of the ElringKlinger AG, ElringKlingerKunststofftechnik GmbH and Elring Klinger Motortechnik GmbH workforce, asagreed for the financial year 2012, has already been accounted for in otherliabilities and resulted in additional staff costs of EUR 3.7 (3.3) millionin the first quarter of 2013. While the non-recurring restructuringexpenses of EUR 1.8 million attributable to the French site in Nantiat hadan adverse effect on earnings, the transition to full consolidation of thenewly acquired Korean joint venture ElringKlinger Korea Co., Ltd, Changwon,produced positive one-time income of EUR 1.4 million.Earnings before interest and taxes, which in contrast to the operatingresult include foreign exchange gains and losses, fell by 4.0% to EUR 35.8(37.3) million. Foreign exchange gains of EUR 2.5 (-1.7) million had apositive effect on Group EBIT in the first quarter of 2013. The as yetnegative impact on Group EBIT from contributions made by the acquired HugGroup, Hummel-Formen Group and former Freudenberg companies was equivalentto EUR 0.6 (-0.6) million in total. The EBIT margin was 12.5% (13.1%).Adjusted for the dilutive effects attributable to the as yet lessprofitable acquisitions, the EBIT margin within the Group's core businesswould have reached 14.0%, despite the significant up-front costs associatedwith E-Mobility.Net finance costs down due to foreign exchange effectsNet finance costs were reined back by EUR 4.7 million year on year to EUR0.3 (5.0) million, primarily as a result of significant foreign exchangegains, but also due to lower market interest rates. In total, the Grouprecorded foreign exchange gains of EUR 2.5 (-1.7) million. At EUR 33.0(34.0) million, earnings before taxes were down 2.9% compared to theprevious year.Net income remains stable year on year Benefiting from a lower tax rate, the ElringKlinger Group was able to matchlast year's first-quarter performance by again posting net income of EUR24.6 (24.6) million in the first quarter of 2013. Net income attributableto non-controlling interests rose to EUR 0.8 (0.4) million, primarily as aresult of the significant improvement in earnings contributed by HugEngineering AG, Switzerland. Correspondingly, net income attributable tothe shareholders of ElringKlinger AG fell by 1.7% to EUR 23.8 (24.2)million.Positive order intakeIncoming orders were up significantly compared to the fourth quarter of2012, when order intake had totaled EUR 260.8 million. In the first threemonths of 2013 order intake increased by 23.9% year on year to EUR 333.9(269.4) million. As of March 31, 2013, order backlog for the ElringKlingerGroup stood at EUR 503.1 (434.0) million, up 15.9% on the figure recorded ayear before. Thus, the ElringKlinger Group is supported by a solid orderbacklog when it comes to achieving sales growth targeted for the annualperiod as a whole.Forecast for the full year confirmedThe company confirms its forecast for the full year. For 2013 ElringKlingerstill expects global auto industry to rather stagnate or to see modestgrowth at best. Against this backdrop the ElringKlinger Group plans toincrease sales revenue by 5 to 7% in 2013 in terms of organic growth.Should global car production merely stagnate in 2013, revenue growth ismore likely to be positioned at the lower end of this range. The operatingmargin attributable to ElringKlinger's core business will still be dilutedin 2013 as a result of the as yet below-average aggregated profit marginsof the acquired entities and the associated purchase price allocations.However, the dilutive effects in 2013 are expected to be less pronouncedcompared to the previous year. Additionally, the substantial up-frontexpenses and start-up costs incurred in the E-Mobility division, which willbe working on several projects as they progress through the start-up phaseduring the second half of the year, also have to be taken into account.Despite these factors, however, ElringKlinger believes that it will be in aposition to expand its earnings before interest and taxes (EBIT), adjustedfor one-time charges, at a faster rate relative to revenue growth. AdjustedEBIT for the financial year 2013 as a whole is expected to be in the rangefrom EUR 150 to 155 million (EUR 136.0 million in 2012).08.05.2013 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:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-636Fax:          071 23 / 724-459E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------