DGAP-News: ElringKlinger AG / Key word(s): Preliminary Results2016-02-26 / 07:39The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Preliminary results for FY 2015: ElringKlinger increases revenue to overEUR 1.5 billion - Revenue improves by 14 % to EUR 1,507 million, organically by 6 % - Clean EBIT before purchase price allocation totals EUR 140 million - This includes exceptional charges of EUR 34 million due to capacity bottlenecks in the Original Equipment segment - Q4 2015: sales revenue up by 14% to EUR 390 million; clean EBIT before purchase price allocation at EUR 27 million, which includes EUR 13 million in exceptional charges within the Original Equipment segment - Outlook for current financial year on March 30, 2016Dettingen/Erms (Germany), February 26, 2016 +++ The ElringKlinger Groupmaintained its consistent trajectory of growth in the financial year justended. Based on preliminary figures for 2015, Group sales revenue expandedby 13.7 % in total to reach EUR 1,507.3 (1,325.8) million. Taking intoaccount the effects of currency translation and the revenue contributionfrom the entity acquired in the US, organic growth amounted to 79.7 millionor 6.0 %. In expanding at this rate, ElringKlinger again by far outpacedthe global automotive market, which grew by around 2%.The effects of foreign exchange rates were attributable primarily to a weakeuro, particularly against the US dollar, the Chinese yuan, and the Swissfranc. Overall, the effects of currency translation were equivalent to EUR69.6 million. Additionally, the US acquiree M&W Manufacturing Co.contributed revenue totaling EUR 32.2 million. This entity was fullyconsolidated effective from February 14, 2015, and integrated into theGroup over the course of the financial year as ElringKlinger AutomotiveManufacturing, Inc.Clean Group EBIT before purchase price allocation stood at EUR 140.4million, compared to a prior-year figure of EUR 162.3 million. Thisincludes exceptional charges of EUR 34 million relating to the OriginalEquipment segment. Unexpectedly strong demand in one of this segment'sdivisions had led to capacity constraints, necessitating extra shifts andunscheduled consignments. As a result, the earnings forecast for 2015 hadto be adjusted to a range of between EUR 135 and 145 million as part of themost recent guidance."The company saw revenue exceed the mark of EUR 1.5 billion for the firsttime in fiscal 2015. Our organic growth of six percent is exactly withinthe corridor of 5 to 7 % per annum targeted by the company," says Dr.Stefan Wolf, CEO of ElringKlinger AG. With regard to the high level ofcapacity utilization within the Original Equipment segment, he commented asfollows: "The measures initiated to address this issue are already having avisibly positive effect. This illustrates that the unit in question is nowback on the right track."ElringKlinger will publish its full and final results for the 2015financial year on March 30, 2016, together with its outlook for 2016.in EUR million FY 2015 FY 2014 Dif. abs. Dif. rel.Sales revenue 1,507.3 1,325.8 +181.5 +13.7%of which currency +69.6 +5.3%of which acquisitions +32.2 +2.4%of which organic +79.7 +6.0%Clean EBIT before 140.4 162.3 -21.9 -13.5%purchase priceallocationClean EBIT margin 9.3% 12.2% -2.9 ppbefore purchaseprice allocationPurchase price 5.2 3.4 +1.8allocationOne-offs - 4.9 -4.9EBIT 135.2 154.0 -18.8 -12.2%in EUR million Q4 2015 Q4 2014 Dif. abs. Dif. rel.Sales revenue 390.0 340.9 +49.1 +14.4%of which currency +12.7 +3.7%of which acquisitions +9.1 +2.7%of which organic +27.3 +8.0%Clean EBIT before 27.5 34.9 -7.4 -21.2%purchase priceallocationClean EBIT margin 7.1% 10.2% -3.1 ppbefore purchaseprice allocationPurchase price 1.3 0.8 +0.5allocationOne-offs - 4.9 -4.9EBIT 26.2 29.2 -3.0 -10.3%For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations/Corporate PRMax-Eyth-Straße 2D-72581 Dettingen/ErmsGermanyFon +49 7123 724-88335Fax +49 7123 724-85 8335E-mail jens.winter@elringklinger.comAbout ElringKlinger AGElringKlinger has focused its efforts on developing forward-looking greentechnologies. These are designed not only to reduce CO2 emissions but alsoto scale back the level of harmful nitrogen oxides, hydrocarbons and sootparticles. ElringKlinger is one of the few automotive suppliers worldwidewith the capabilities of developing and producing high-tech components forall types of drive system - whether for downsized combustion engines or forelectric vehicles driven by batteries or fuel cells. Drawing on ourexpertise in lightweight engineering, we can make a decisive contributionto efforts aimed at further reducing vehicle weight and thus fuelconsumption. The company's portfolio centered around emissions reductionalso includes particulate filters and end-to-end exhaust gas purificationsystems used in ships, commercial vehicles, construction machinery andstationary engines as well as in power stations. This is complemented byproducts made of the high-performance plastic PTFE supplied byElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying our abilities as an innovator, we are committed tosustainable mobility and earnings-driven growth. These efforts aresupported by our dedicated workforce of more than 7,900 people at 45ElringKlinger Group locations around the globe.---------------------------------------------------------------------------2016-02-26 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: jens.winter@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; Terminbörse EUREX End of News DGAP News Service
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