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Press Release

ElringKlinger signs Baden-Württemberg Climate Protection Agreement and charts route for CO2-neutral production as from 2030

ElringKlinger AG has recently signed the Climate Protection Agreement of the German state of Baden-Württemberg. As part of this climate alliance, the state and local companies will endeavor to jointly make a contribution to a more sustainable economy. The Climate Protection Agreement sets out specific measures on how corporate climate protection targets are to be achieved. In signing this voluntary agreement, ElringKlinger has committed itself to reducing greenhouse gas emissions and further improving efficiency levels in respect of energy consumption. The explicit goal is to achieve CO2 neutrality in net terms as from 2030.

Dettingen/Erms (Germany), April 27, 2022 +++ Acting sustainably is an integral element of ElringKlinger's DNA, and CO2 neutrality is one of the key parameters for meeting its social and environmental responsibilities. ElringKlinger has set itself a tight schedule to achieve CO2 neutrality in net terms within the Group by 2030. Production at all German sites has been CO2 neutral in net terms since 2021 (Scope 1 and 2). The plan is for all sites around the globe to be added to this list by 2030. In addition, the company is committed to scaling back emissions generated throughout the entire value chain (Scope 3).

Dr. Stefan Wolf, CEO of ElringKlinger AG, highlights the ambitious plans: "Our strategic orientation has always included a strong commitment to sustainable mobility and our entire product portfolio has been aligned to this vision. We are now determined to reach another milestone and pursue a steady reduction in our environmental footprint. Indeed, we consider it part of our corporate responsibility to drive forward decarbonization in industry in an effort to combat climate change. It is with this in mind that we have joined the Baden-Württemberg Climate Protection Alliance. This initiative is a key building block for sustainable business."

For ElringKlinger, sustainability means taking seriously its corporate responsibility for future generations. Alongside environmentally sound management and an out-and-out commitment to social interaction, this involves proactively embracing climate and environmental protection. To achieve the targets, CO2 emissions at the production sites will have to be reduced by at least 2.5 percent annually. ElringKlinger has therefore defined a number of measures that are being implemented throughout the Group worldwide. The first step involves raising energy efficiency levels of existing machinery and buildings. At the same time, ElringKlinger will examine the possibility of installing systems for the self-generation of renewable energy. In addition, electricity contracts across the Group are to be switched to electrical energy generated from renewable sources, such as water, sun, or wind. Unavoidable CO2 emissions will be offset by investments in climate protection projects. ElringKlinger has already implemented the first component of this action plan by converting its German production sites to green electricity as early as 2021. Thus, production is already CO2 neutral in net terms in respect of Scope 1 and Scope 2.

Furthermore, the agreement also covers the Group's target of channeling around one percent of annual investments into measures aimed at improving energy efficiency. This includes, among other things, the further expansion of photovoltaic systems, as already implemented at numerous sites, the purchase of energy-efficient lighting technology, the use of heat recovery systems in new buildings, and the investment in software for smart energy management. ElringKlinger's commitment to sustainable energy generation spans many years, and the company will continue to expand within this area. The Group covers part of its electricity requirements by operating its own combined heat and power units. For example, waste heat is used in the area of process cooling and air conditioning. At ElringKlinger's UK site in Redcar, a wind turbine supplies green electricity for on-site production.

The Climate Protection Agreement covers an initial period of ten years and can be extended by both alliance partners. In addition to an initial assessment and the annual recording of greenhouse gas emissions, ElringKlinger will submit a monitoring report after every five years. The monitoring report incorporated into the sustainability report will be publicly accessible on the website of the State of Baden-Württemberg.

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ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements

ElringKlinger AG / Preliminary announcement on the disclosure of financial statements
ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
27.04.2022 / 08:29
Preliminary announcement of the publication of quarterly reports and quarterly/interim statements transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ElringKlinger AG hereby announces that the following financial reports shall be disclosed:

Report Type: Quarterly financial report within the 1st half-year (Q1)

Language: German
Date of disclosure: May 05, 2022
Address: https://elringklinger.de/investor/2022-q1-de.pdf

Language: English
Date of disclosure: May 05, 2022
Address: https://elringklinger.de/investor/2022-q1-en.pdf


27.04.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Press Release

Q1 2022: Earnings down markedly year on year

Dettingen/Erms (Germany), April 14, 2022 +++ Based on preliminary figures, ElringKlinger AG (ISIN DE0007856023 / WKN 785602) generated consolidated revenue of EUR 434.6 million (Q1 2021: EUR 424.1 million) and consolidated earnings before interest and taxes (EBIT) of EUR 14.1 million (Q1 2021: EUR 48.4 million) in the first quarter of 2022. This corresponds to an EBIT margin of 3.3% (Q1 2021: 11.4%). In order to counteract the effects of bottlenecks seen within global supply chains, inventory management was temporarily adjusted. As a result, operating free cash flow stood at EUR -19.8 million (Q1 2021: EUR 28.6 million).

Revenue slightly exceeded the previous year's level despite the effects of the Russia-Ukraine conflict, the volatile situation throughout the commodity markets, and persistent supply-side scarcity within the semiconductor industry. Adjusted for currency effects, revenue remained largely unchanged year on year.

Earnings, which had included the proceeds from the sale of the Austrian subsidiary in the amount of EUR 10.9 million in the buoyant first quarter of 2021, reflected above all the significant hike in the price of commodities, a trend that was exacerbated by the conflict in Ukraine.

In combination with higher energy and transport costs, these factors will, from today's perspective, also have a bearing on the Group's earnings performance in the financial year as a whole, although the extent of their impact remains uncertain and will also depend on the further course of the Russia-Ukraine conflict. In addition, the recent coronavirus lockdowns in China may have an impact on revenue and earnings.

The Group will publish its full quarterly results on May 5, 2022.

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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
05.04.2022 / 18:42
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name:Reiner
Last name(s):Drews

2. Reason for the notification

a) Position / status
Position:Member of the managing body

b) Amendment
Correction 4a): Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code Type: Share ISIN: DE0007856023

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
529900QDISXXZ2D1Q489 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
The shares were awarded by ElringKlinger AG as part of the variable Executive Board compensation (Long Term Incentive II) with a four-year blocking period.

c) Price(s) and volume(s)
Price(s)Volume(s)
8.9740EUR378,180EUR

d) Aggregated information
PriceAggregated volume
8.9740EUR378,180.0000EUR

e) Date of the transaction
2022-04-04; UTC+2

f) Place of the transaction
Name:Xetra
MIC:XETR



05.04.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
05.04.2022 / 18:20
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:Dr.
First name:Stefan
Last name(s):Wolf

2. Reason for the notification

a) Position / status
Position:Member of the managing body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
529900QDISXXZ2D1Q489 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
The shares were awarded by ElringKlinger AG as part of the variable Executive Board compensation (Long Term Incentive II) with a four-year blocking period.

c) Price(s) and volume(s)
Price(s)Volume(s)
8.9740EUR756,360EUR

d) Aggregated information
PriceAggregated volume
8.9740EUR756,360.0000EUR

e) Date of the transaction
2022-04-04; UTC+2

f) Place of the transaction
Name:Xetra
MIC:XETR



05.04.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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The 118th Annual General Meeting of ElringKlinger AG took place on May 16, 2023 as a virtual Annual General Meeting at the ICS International Congress Center Stuttgart, Messepiazza, 70629 Stuttgart, Germany.

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