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Press Release

ElringKlinger announces preliminary results for fiscal 2016: revenue up, earnings before interest and taxes at prior-year level

DGAP-News: ElringKlinger AG / Key word(s): Preliminary Results

28.02.2017 / 07:29
The issuer is solely responsible for the content of this announcement.


ElringKlinger announces preliminary results for fiscal 2016:
revenue up, earnings before interest and taxes at prior-year level

- Revenue up by 3.3% to EUR 1,557 million, organically by 4.7%

- EBIT before purchase price allocation on a par with previous year at EUR 140.4 million

- Q4 2016: revenue improves by 4.4% to EUR 407 million, organically by 5.1%; EBIT before purchase price allocation stands at EUR 39.5 million

- Outlook for current financial year on March 30, 2017

Dettingen/Erms (Germany), February 28, 2017 +++ Based on unaudited, preliminary data, the ElringKlinger Group generated revenue of EUR 1,557.4 (1,507.3) million in the 2016 financial year just ended, up 3.3% on the previous year's figure. Taking into account the effects of foreign exchange rates and acquisitions, growth was as much as EUR 71.1 million or 4.7% in organic terms. The direction taken by exchange rates for the Mexican peso, Chinese yuan, and the British pound in particular resulted in currency translation losses of EUR 33.4 million in total, which is equivalent to -2.2%. The two entities acquired in 2016 contributed EUR 12.4 million, or 0.8%, to growth. The Group had acquired the Dutch distribution company COdiNOx Beheer B.V. in the first quarter; the latter was fully consolidated effective from April 11, 2016, and was integrated within the Group as Hug Engineering B.V. Additionally, certain assets of Maier Formenbau GmbH were taken over effective from June 1, 2016, for the purpose of strengthening ElringKlinger's tooling operations.

At EUR 140.4 (140.4) million, Group EBIT before purchase price allocation was unchanged year on year. This includes exceptional charges of approx. EUR 11 million from the first half of the year relating to the Original Equipment segment. Overall, therefore, earnings were in line with expectations, which had been adjusted by the Group in July 2016. The Group's earnings guidance had been revised downward to between EUR 140 and 150 million mainly due to delays in the migration of manufacturing operations to Hungary; this prevented the Swiss site of ElringKlinger from recording improvements to its performance. On publishing its results for the third quarter of 2016, the company had put in more precise terms its earnings forecast for the annual period, specifying a figure at the lower end of the aforementioned range. Based on its latest preliminary results, this target has been met.

"After three relatively weak quarters when compared to others, annual earnings were boosted by a particularly solid performance in the fourth quarter," said Dr. Stefan Wolf, CEO of ElringKlinger AG. This was attributable to a number of factors, including favorable market conditions, the sale of real estate by the company, and first and foremost the steady improvement in earnings at the Swiss subsidiary. "The improvement in our performance in Switzerland had a visible impact on the fourth quarter in particular. The same quarter last year had produced exceptional charges of EUR 13 million, whereas we have now seen a return to more stable earnings," added CFO Thomas Jessulat. "Progress made within this area has further strengthened our resolve to gradually streamline our site in Switzerland by reducing the level of fixed operating costs over the coming three years."

ElringKlinger will publish its full and definitive results for the 2016 financial year on March 30, 2017, together with its outlook for 2017.

EUR millionQ4 2016Q4 2015∆ abs.∆ rel.
Sales revenue407.2390.0+17.2+4.4%
of which FX effects  -5.9-1.5%
of which acquisitions  +3.1+0.8%
of which organic  +20.0+5.1%
EBIT before purchase price allocation39.527.5+12.0+43.6%
EBIT margin before
purchase price allocation
9.7%7.1%+2.6pp 
Purchase price allocation1.11.3-0.2 
EBIT38.426.2+12.2+46.6%
     
EUR millionFY 2016FY 2015∆ abs.∆ rel.
Sales revenue1,557.41,507.3+50.1+3.3%
of which FX effects  -33.4-2.2%
of which acquisitions  +12.4+0.8%
of which organic  +71.1+4.7%
EBIT before purchase price allocation140.4140.4+0.0+0%
EBIT margin before
purchase price allocation
9.0%9.3%-0.3pp 
Purchase price allocation4.85.2-0.4 
EBIT135.6135.2+0.4+0.3%
 

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations/Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter[at]elringklinger.com

About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO2 emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on its expertise in lightweight engineering, ElringKlinger can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery, and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of around 8,600 people at 47 ElringKlinger Group locations around the globe.



28.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service 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.
Archive at www.dgap.de



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Press Release

ElringKlinger receives a major lightweight contract from US market

Dettingen/Erms (Germany), November 30, 2016 +++ ElringKlinger AG has received an order from an US car maker for the supply of cockpit cross-car beams. The lightweight structural components made of metal and polymer will be fitted to the next generation of vehicles. The contract covers a triple-digit million euro volume over five years. Production is scheduled to commence in 2017. A new production plant in close proximity to the customer's site will be established for the purpose of fulfilling the order and supporting optimized supply chain aspects.

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Press Release

ElringKlinger sees growth in revenues and orders in third quarter

DGAP-News: ElringKlinger AG / Key word(s): Quarter Results/9-month figures

2016-11-08 / 07:29
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

ElringKlinger sees growth in revenues and orders in third quarter

- Revenue up by 2.2% to EUR 374.2 million and by 2.5% in organic terms

- EBIT before purchase price allocation down year on year at EUR 32.6 million

- Favorable business conditions reflected in substantial order intake (+14.0%) and comfortable order backlog (+18.2%)

- Outlook for FY 2016 put in more precise terms: EBIT pre PPA more likely to be at the lower end of the EUR 140 to 150 million range targeted by the Group

Dettingen/Erms (Germany), November 8, 2016 +++ ElringKlinger remained on track for growth in the third quarter of 2016. Despite a downturn in production output in the core European markets of Germany, France, and Spain, the Group succeeded in expanding its sales revenue by EUR 8.1 million, or 2.2%, to EUR 374.2 (366.1) million. In this context, foreign currency translation - primarily attributable to the Mexican peso, the Chinese yuan, and the Swiss franc - had a dilutive effect on the overall volume of sales revenue. Excluding currency effects, revenue growth was as high as EUR 12.2 million or 3.3%. Fully consolidated since 2016, Hug Engineering B.V. and Maier Formenbau GmbH contributed a total of EUR 2.8 million, or 0.8%, to this expansion in revenue.

"Our performance in terms of revenue growth was visibly better than that of the market in general within our principal core regions," said Dr. Stefan Wolf, CEO of ElringKlinger AG. "The buoyancy in orders illustrates that ElringKlinger products continue to be in high demand." The Group managed to secure new orders worth EUR 383.7 million in the third quarter, which corresponds to growth of EUR 47.1 million, or 14.0%. FX adjusted, growth within this area was as much as 17.1%. This increase was also reflected in order backlog, which was up EUR 138.0 million, or 18.2%, year on year at EUR 894.7 (756.7) million. Accounting for currency effects, the increase in order backlog was as much as 19.4%.

Group EBIT before purchase price allocation amounted to EUR 32.6 (36.7) million in the third quarter, which was down 11.2% on the figure for the same period a year ago. Alongside higher depreciation/amortization, this was attributable mainly to the substantial fixed operating costs recorded by the Swiss entity faced with capacity constraints. Over the course of the year, improvements seen during the first quarter were eroded to some extent by delays in transferring machinery to the new site in Hungary. While progress was made in the third quarter, the measures put in place have not yet led to a tangible improvement in cost structures. If the migration of manufacturing operations to Hungary is completed by the end of the year to the extent planned by ElringKlinger, the Group will be in a position to exploit its new maneuvering room at the Swiss facility for the purpose of improving cost structures. Exceptional costs, e.g., for external sorting inspections, were scaled back as planned to a negligible level, having previously amounted to as much as approx. EUR 11 million in the first half of the financial year.

The net finance result for the third quarter was slightly better (EUR +2.0 million) than for the same period a year ago, while tax expenses were marginally lower (EUR -1.3 million). As a consequence, earnings per share stood at EUR 0.30, only slightly down on the prior-year figure of EUR 0.32.

ElringKlinger remained largely on track with regard to its other key financial indicators. Although the Group continued to use funds for the purpose of financing its growth and global positioning, capital expenditure (on property, plant, and equipment) in the third quarter was EUR 5.7 million, or 11.7%, down on the figure recorded in the same period a year ago. The figure for the annual period as a whole is still expected to be on a par with the previous year's level. Net working capital rose by EUR 9.8 million, or 1.8%, to EUR 541.1 million. At EUR 1.8 million, the Group generated positive operating free cash flow again in the third quarter. As a result, at EUR -4.1 million, the figure for the first nine months was just slightly negative. It is still expected to be just marginally into negative territory - at a low to mid-double-digit figure in the million euro range - in the financial year as a whole.

Associations representing the automobile industry and economic research institutes anticipate that global vehicle markets will grow by 2 to 3%. On this basis, ElringKlinger continues to see organic revenue growth for the Group at 5 to 7% in the current financial year. Due in particular to the situation at the Swiss-based entity faced with capacity constraints, it would appear unlikely that EBIT before purchase price allocation for the annual period as a whole will move noticeably above the prior-year level. Instead, it is expected to be positioned toward the lower end of the guidance range of EUR 140 to 150 million.

EUR millionQ3 2016Q3 2015∆ abs.∆ rel.
Order intake383.7336.6+47.1+14.0%
Order backlog894.7756.7+138.0+18.2%
Revenue374.2366.1+8.1+2.2%
of which FX effects  -4.1-1.1%
of which acquisitions  +2.8+0.8%
of which organic  +9.4+2.5%
EBITDA55.156.7-1.6-2.8%
EBIT before purchase price allocation32.636.7-4.1-11.2%
EBIT margin before
purchase price allocation (in %)
8.710.0-1.3PP-
Purchase price allocation1.41.3+0.1-
EBIT31.235.4-4.2-11.9%
Net finance cost-3.6-5.6+2.0+35.7%
EBT27.629.8-2.2-7.4%
Income tax expense7.89.1-1.3-14.3%
Effective tax rate (in %)28.230.4-2.2PP-
Net income (after
non-controlling interests)
19.020.0-1.0-5.0%
Earnings per share (in EUR)0.300.32-0.02-6.3%
Investments (in property,
plant, and equipment)
43.048.7-5.7-11.7%
Operating free cash flow1.8-18.1+19.9+109.9%
Net working capital541.1531.3+9.8+1.8%
Equity ratio (in %)46.946.7+0.2PP-
Net financial liabilities528.8461.0+67.8+14.7%
Employees (as of Sept. 30)8,4337,742+691+8.9%
     
EUR million9M 20169M 2015∆ abs.∆ rel.
Order intake1,248.91,185.7+63.2+5.3%
Order backlog----
Revenue1,150.31,117.2+33.1+3.0%
of which FX effects  -27.5-2.5%
of which acquisitions  +9.3+0.8%
of which organic  +51.3+4.7%
EBITDA166.8172.6-5.8-3.4%
EBIT before purchase price allocation100.8112.9-12.1-10.7%
EBIT margin before
purchase price allocation (in %)
8.810.1-1.3PP-
Purchase price allocation3.63.9-0.3-
EBIT97.2109.0-11.8-10.8%
Net finance cost-12.5-8.6-3.9-45.3%
EBT84.7100.5-15.8-15.7%
Income tax expense23.428.5-5.1-17.9%
Effective tax rate (in %)27.628.4-0.8PP-
Net income (after
non-controlling interests)
58.869.2-10.4-15.0%
Earnings per share (in EUR)0.931.09-0.16-14.7%
Investments (in property,
plant, and equipment)
116.6124.6-8.0-6.4%
Operating free cash flow-4.1-40.4+36.3+89.9%
 

The full quarterly report can be accessed from the ElringKlinger website at
http://www.elringklinger.de/investor/2016-Q3-en.pdf


For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter[at]elringklinger.com

About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO2 emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on its expertise in lightweight engineering, ElringKlinger can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of more than 8,400 people at 45 ElringKlinger Group locations around the globe.



2016-11-08 Dissemination of a Corporate News, transmitted by DGAP - a service 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.
Archive at www.dgap.de


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Press Release

ElringKlinger records organic growth of 5.6% in second quarter of 2016

DGAP-News: ElringKlinger AG / Key word(s): Half Year Results/Quarter Results

2016-08-04 / 07:37
The issuer is solely responsible for the content of this announcement.


ElringKlinger records organic growth of 5.6% in second quarter of 2016

- Revenue up by 2.9% to EUR 391 million, organically by as much as 5.6%

- EBIT before purchase price allocation down by EUR 3.4 million or 8.6% quarter on quarter to EUR 36.2 million

- This figure includes trailing exceptional costs of EUR 4 million in the Original Equipment segment

- Guidance for FY 2016: 5 to 7% organic revenue growth and EBIT pre PPA of EUR 140 to 150 million expected

Dettingen/Erms (Germany), August 4, 2016 +++ The ElringKlinger Group maintained its trajectory of revenue growth in the second quarter. Revenues increased by EUR 11.2 million or 2.9% compared to the same quarter a year ago, taking the figure to EUR 390.9 (379.7) million. In this context, currency translation - primarily with regard to the Mexican peso, Swiss franc, and Chinese yuan - had an adverse effect on figures for the reporting quarter equivalent to EUR 11.7 million or 3.1%. Additionally, revenues include a contribution of EUR 1.6 million from COdiNOx Beheer B.V., which has been fully consolidated within the Group since April 11, 2016. Taking into account the aforementioned factors relating to foreign exchange rates and the corporate acquisition, revenue showed organic growth of EUR 21.3 million or 5.6%.

"Our growth in revenue in particular is indicative of the success of recent efforts to internationalize our business," says Dr. Stefan Wolf, Chief Executive Officer of ElringKlinger AG. "We have continued to invest in Germany, while also expanding our network of sites worldwide. This is a key factor in strategic terms, as our global presence in particular has allowed us to evolve into a partner for pioneering supply-side projects, as evidenced by the recent order we received for door module carriers."

The situation in terms of ElringKlinger's order books also remains encouraging. In the second quarter, the Group recorded incoming orders encompassing a volume of EUR 441.2 million. Thus, order intake rose by EUR 6.1 million or 1.4% compared to the prior-year figure. FX-adjusted, order intake was up by as much as EUR 16.4 million or 3.8%. Order backlog improved by 12.6% to EUR 885.2 (786.2) million. Taking into account the effects of foreign exchange rates, order backlog increased by 15.8% to EUR 910.2 million. This provides the foundation for further organic growth in the future.

In the second quarter, Group EBIT before purchase price allocation amounted to EUR 36.2 (39.6) million, up EUR 4.2 million on the figure posted for the first quarter of 2016 (EUR 32.0 million). However, it was EUR 3.4 million or 8.6% lower compared to the second quarter of 2015. At EUR 4 million, the additional costs associated with the business unit impacted by capacity constraints in 2015 were only slightly above the figure of around EUR 3 million originally anticipated. However, the improvements in earnings seen at the Swiss site during the first quarter failed to progress as planned in the second quarter. As a result, EBIT for the first half as a whole fell well short of original expectations.

By contrast, compared to the prior-year figure (EUR 31.8 million), earnings before taxes (EBT) were slightly better in the second quarter at EUR 32.6 million. This was attributable primarily to the significant reduction in net finance cost to EUR 2.6 (6.5) million, an item influenced favorably by foreign exchange gains. As a consequence, earnings per share stood at EUR 0.36, slightly up on the prior-year figure of EUR 0.33.

The Group's other key performance indicators also proved slightly more positive. Operating free cash flow improved by EUR 4.4 million to EUR -6.6 (-11.0) million, while investments in property, plant, and equipment fell by EUR 4.6 million to EUR 36.1 (40.7) million. Net working capital rose only marginally by 3.4% to EUR 541.6 million, which was due in part to the slight reduction in inventories by the Group.

ElringKlinger anticipates moderate growth of 2 to 3% within the global automobile market in the current financial year. As the Group had fallen short of expectations in terms of earnings in the first two quarters, the outlook for the full fiscal year was adjusted towards the end of July. While a figure of 5 to 7% in organic revenue growth was reaffirmed by the Group, its guidance for EBIT before purchase price allocation currently stands at EUR 140 to 150 million (previously: EUR 160 to 170 million).

EUR millionH1 2016H1 2015∆ abs.∆ rel.
Order intake865.2849.1+16.1+1.9%
Order backlog885.2786.2+99.0+12.6%
Revenue776.1751.1+25.0+3.3%
of which FX effects  -23.4-3.1%
of which acquisitions  +6.5+0.9%
of which organic  +41.9+5.6%
EBITDA111.6115.9-4.3-3.7%
EBIT before purchase price allocation68.276.3-8.1-10.6%
EBIT margin before
purchase price allocation (in %)
8.810.2-1.4PP-
Purchase price allocation2.32.6-0.3-
EBIT66.073.7-7.7-10.4%
Net finance cost-8.9-3.0-5.9+>100%
EBT57.070.7-13.7-19.4%
Taxes on income15.619.5-3.9-20.0%
Effective tax rate (in %)27.427.5-0.1PP-
Net income (after
non-controlling interests)
39.849.2-9.4-19.1%
Earnings per share (in EUR)0.630.78-0.15-19.2%
Investments (in property,
plant, and equipment)
73.675.9-2.3-3.0%
Operating free cash flow-5.9-22.3+16.4+73.5%
Net working capital541.6523.6+18.0+3.4%
Equity ratio (in %)46.347.0-0.7PP-
Net financial liabilities532.1442.6+89.5+20.2%
Employees (as of June 30)8,2837,595+688+9.1%
     
EUR millionQ2 2016Q2 2015∆ abs.∆ rel.
Order intake441.2435.1+6.1+1.4%
Order backlog885.2786.2+99.0+12.6%
Revenue390.9379.7+11.2+2.9%
of which FX effects  -11.7-3.1%
of which acquisitions  +1.6+0.4%
of which organic  +21.3+5.6%
EBITDA58.559.8-1.3-2.2%
EBIT before purchase price allocation36.239.6-3.4-8.6%
EBIT margin before
purchase price allocation (in %)
9.310.4-1.1PP-
Purchase price allocation1.01.3-0.3-
EBIT35.238.3-3.1-8.1%
Net finance cost-2.6-6.5+3.9+60.0%
EBT32.631.8+0.8+2.5%
Taxes on income9.19.8-0.7-7.1%
Effective tax rate (in %)27.930.8-2.9PP-
Net income (after
non-controlling interests)
22.621.0+1.6+7.6%
Earnings per share (in EUR)0.360.33+0.03+9.1%
Investments (in property,
plant, and equipment)
36.140.7-4.6-11.3%
Operating free cash flow-6.6-11.0+4.4+40.0%
 

The full quarterly report can be accessed from the ElringKlinger website at http://www.elringklinger.de/investor/2016-q2-en.pdf


For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter[at]elringklinger.com


About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO2 emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on its expertise in lightweight engineering, ElringKlinger can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of more than 8,200 people at 45 ElringKlinger Group locations around the globe.



2016-08-04 Dissemination of a Corporate News, transmitted by DGAP - a service 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.
Archive at www.dgap.de


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Press Release

ElringKlinger acquires tool- and die-making specialist

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous

2016-06-14 / 14:09
The issuer is solely responsible for the content of this announcement.


ElringKlinger acquires tool- and die-making specialist

- Strategic acquisition strengthens expertise and capacity levels of ElringKlinger Group in tool- and die-making

- Manufacture of tools and dies for Shielding Technology and other divisions

- Takeover as part of asset deal effective from June 1, 2016

Dettingen/Erms (Germany), June 14, 2016 +++ ElringKlinger AG has taken over the business operations of the insolvent tool- and die-making company Maier Formenbau GmbH, based in Bissingen/Teck, Germany. In this context, ElringKlinger acquired, effective from June 1, 2016, all assets of Maier Formenbau GmbH required for the continuation of business operations (asset deal).

In taking over the business operations, ElringKlinger has further strengthened its current expertise and capacity levels in the area of tool- and die-making. "Following the acquisition of Hummel-Formen GmbH in 2011, this latest takeover is to be seen as the next logical step. It adds to our skillset in the best possible way and allows us to stand our ground as a technology leader in the field of tool- and die-making," says Jürgen Weingärtner, who as Head of Technical Service is responsible for tool- and die-making within the ElringKlinger Group. The additional resources are to be used primarily for the purpose of developing and producing tools and dies in the Shielding Technology division.

Maier Formenbau GmbH specializes in the manufacture and repair of technically complex injection-molding tools. The company employs 42 people and generated revenue of EUR 6 million in the 2015 financial year.


For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-Mail: jens.winter[at]elringklinger.com


About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO2 emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on its expertise in lightweight engineering, ElringKlinger can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of more than 8,000 people at 45 ElringKlinger Group locations around the globe.



2016-06-14 Dissemination of a Corporate News, transmitted by DGAP - a service 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.
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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