Investor Relations

Announcements

Here you find an overview of our latest corporate news.

Press Release

Preliminary results for FY 2015: ElringKlinger increases revenue to over EUR 1.5 billion

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  
Learn more
Press Release

ElringKlinger AG: Karl Schmauder steps down from his role as board member

DGAP-News: ElringKlinger AG / Key word(s): Change of Personnel2016-02-23 / 11:11The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), February 23, 2016   +++ Karl Schmauder, member ofthe Management Board of ElringKlinger AG, stepped down from his role asManagement Board member with immediate effect. Mr. Schmauder had beenresponsible for Original Equipment Sales and New Business Areas.This step had been prompted by differences of opinion between Mr. Schmauderand the other members of the Management Board as to the futureorganizational and strategic alignment of the ElringKlinger Group. Infuture, the Management Board of ElringKlinger will again consist of threemembers. CEO Dr. Stefan Wolf will take over the area of "Original EquipmentSales" from Mr. Schmauder. "New Business Areas" will be overseen by TheoBecker, COO responsible for Production and Technology. Thomas Jessulat willremain responsible for the central functions of Finance/Controlling as wellas IT and the Industrial Parks division.Walter H. Lechler, Chairman of the Supervisory Board, emphasized: "We fullyrespect Mr. Schmauder for the consistency shown in making this decision. Hedeserves our sincere thanks. Mr. Schmauder was instrumental in propellingforward many valuable technical developments and innovations during his 34years of service within the ElringKlinger Group. At the same time, we asthe Supervisory Board are, on the whole, convinced that ElringKlinger'sstrategic positioning is also well judged and promising when it comes tothe future of this company. We as a corporate body support the routecharted by the Management Board.""We as the Management Board would also like to thank Mr. Schmauder for thesolid and constructive partnership established over recent years. Mr.Schmauder has made valuable contributions to develop ElringKlinger from agasket manufacturer to a globally leading technology group," said Dr.Stefan Wolf, Cief Executive Officer of ElringKlinger AG. "There aresituations in which differences of opinion can no longer be reconciled. Inthis case, it is in the interest and for the good of the company to set aclear course. I am pleased that we have reached an amicable agreement withMr. Schmauder. In consistently targeting efficient technologies geared tothe future and focusing on new drive systems as well as innovations beyondthe automotive industry, while remaining realistic about what can beachieved within the market, we have equipped ourselves well to tackle thechallenges that lie ahead."__________________________________________________________________________For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations / Corporate PRMax-Eyth-Straße 272581 Dettingen/ErmsGermanyPhone +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.---------------------------------------------------------------------------2016-02-23 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  
Learn more
Press Release

ElringKlinger signs license agreement for innovative lightweight metal-polymer components

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous2015-11-27 / 10:46The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), November 27, 2015   +++ The ElringKlinger Grouphas concluded a license agreement with one of Germany's premiummanufacturers, the focus being on pioneering lightweight components made ofmetal and plastic. The license agreement holds considerable revenuepotential for the coming years.In the second quarter of 2015, ElringKlinger ramped up serial production ofcockpit cross-car beams, front-end carriers and front-end adapters made ofpolymer-metal hybrids, which are being supplied to a premium-segment carmaker in Germany. These structural components are produced by means ofpioneering  hybrid hydroforming technology, allowing considerably weightsavings compared with standard steel-based parts used in the past. Thiswill give ElringKlinger a foothold in the rapidly growing andtechnologically advanced market for lightweight body and chassiscomponents.The license agreement will allow ElringKlinger to market this innovativetechnology to other car manufacturers, thus unlocking significantopportunities for follow-on orders in the coming years. The currentlarge-scale contract with the German premium car maker alone covers avolume of more than EUR 120 million in the next five years. Several othercustomers have already voiced their interest in the new technology.Following the conclusion of the license agreement, ElringKlinger willswiftly enter into concrete negotiations with interested vehiclemanufacturers.The new production method brings together the technique of metal-basedhydroforming with that of plastic injection molding - in a single step. Thethus resulting hybrid components made of plastic and metal combine thebenefits of these two materials. These include technical aspects such assuperior precision in terms of shape and dimensions, with minimaltolerances, as well as outstanding flexural rigidity and bucklingresistance in the event of an accident. Additionally, the ability toincorporate several steps in a single process helps to make production moreefficient and cost-effective.ElringKlinger has been working on the substitution of plastics for metalover a period spanning more than 15 years and has amassed considerableknow-how in this field with regard to materials and production methods.Alongside the weight-related benefits of up to 50% in some cases, plasticoffers the advantage of allowing the production of much more complex shapesthan would be possible with steel or aluminum. Lightweight solutions are animportant tool when it comes to meeting increasingly strict CO2 limitsimposed by governments around the globe, as less weight always translatesinto lower fuel consumption and reduced emissions. ElringKlinger generatesaround 20% of its Group revenue in the Plastic Housing Modules/ElastomerTechnology division.__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerCorporate Communications / Investor RelationsMax-Eyth-Straße 272581 DettingenGermanyPhone:+49 7123 724-137Fax: +49 7123 724-85137Email: sabrina.haufler@elringklinger.com---------------------------------------------------------------------------2015-11-27 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:      sabrina.haufler@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                                             End of News    DGAP News Service  
Learn more
Press Release

ElringKlinger maintains dynamic revenue growth in third quarter 2015

DGAP-News: ElringKlinger AG / Key word(s): Quarter Results2015-11-09 / 07:25---------------------------------------------------------------------ElringKlinger maintains dynamic revenue growth in third quarter 2015  - Revenue up by 11.8% (organically by 5.8%) to EUR 366.1 million  - Adjusted EBIT before purchase price allocations (EUR 1.3 million) at    EUR 36.7 million  - Guidance for 2015 confirmed: organic revenue growth of 5 to 7% plus    acquisitions; adjusted EBIT of between EUR 135 and 145 million before    purchase price allocationsDettingen/Erms (Germany), November 9, 2015   +++ The MDAX-listedElringKlinger Group saw revenue increase by 11.8% to EUR 366.1 (prev. year:EUR 327.4) million in the third quarter of 2015. Demand for ElringKlingercomponents was fueled by buoyant growth in the North American market and bya sustained upturn in Europe's economy. In parallel, the Group benefitedfrom several new product rollouts as well as significant structural growthin many of the product groups targeted at CO2 reduction. Revenue growth wasalso attributable in part to the first-time inclusion of the US-basedentity formally known as M&W (now ElringKlinger Automotive Manufacturing),which had been acquired by ElringKlinger in February 2015. It contributedEUR 9.4 million to Group revenue in the third quarter. Additionally, thepositive effects of a weak euro - particularly in relation to the Swissfranc, the US dollar and some of the Asian currencies - boosted Grouprevenue by EUR 10.4 million. Excluding the effects of acquisitions andexchange rates, organic growth stood at 5.8% in the third quarter of 2015,thus again outstripping the rate of expansion achieved by the internationalvehicle markets.In the first nine months of 2015, Group revenue grew by 13.4% to EUR1,117.2 (985.0) million. The entity formally known as M&W accounted for EUR23.1 million of this total, while forex effects swelled the figure by EUR56.9 million. On an organic basis, revenue growth during this period stoodat 5.3%.Adjusted EBIT margin of 10% before purchase price allocation Adjusted earnings before interest and taxes (EBIT) amounted to EUR 36.7(42.1) million in the third quarter of 2015, before purchase priceallocations. This corresponds to an EBIT margin, before purchase priceallocation, of 10.0% (12.9%). In the first nine months of 2015, adjustedEBIT amounted to EUR 112.9 (127.4) million before purchase priceallocation.As anticipated on the basis of developments in the first half of thefinancial year, business in the Original Equipment segment continued to bedriven by very high levels of capacity utilization. Individual divisionswithin this segment recorded a disproportionately large surge in demand.The thus resulting additional costs, e.g. for extra shifts and additionalfreight movements, had an adverse effect on the Group's cost base andswelled it by around EUR 12 million in the third quarter. ElringKlinger hasalready initiated measures aimed at optimizing its earnings situation andis anticipating an improvement in performance as from 2016. In the firstnine months of 2015, additional costs totaled around EUR 21 million.Additionally, the EBIT margin in the third quarter of 2015 continued to bediluted - by around 0.4 percentage points respectively - by the most recentcorporate acquisitions as well as the persistently weak performance of theE-Mobility business.Foreign exchange losses impact on net finance costs in third quarter Foreign exchange gains, which are accounted for in the net finance result,fell sharply in the third quarter of 2015 compared to the same period ayear ago. At the same time, the Group recorded higher foreign exchangelosses. Thus, the net result of foreign exchange gains and losses fell toEUR -2.4 (6.8) million in the third quarter, while net interest costsremained largely unchanged year on year at EUR 3.2 (3.1) million. In total,therefore, the net finance result fell by EUR 9.3 million to EUR -5.6 (3.7)million. In the first nine months, net finance costs amounted to EUR 8.6(1.0) million.Earnings before taxes stood at EUR 29.8 (44.9) million in the third quarterof 2015 and at EUR 100.5 (123.8) million in the first nine months.Net income after non-controlling interests at EUR 20 million - Earnings pershare at EUR 0.32As a result of lower pre-tax profit, tax expenses fell to EUR 9.1 (11.1)million in the third quarter and to EUR 28.5 (31.0) million in the firstnine months of 2015. Due to the reduction in earnings contributions fromsubsidiaries in countries with a lower tax rate, the Group tax rate rose to30.5% (24.7 %) in the third quarter. The tax rate stood at 28.4% (25.0%) inthe first nine months of 2015.Net income amounted to EUR 20.7 (33.8) million in the third quarter and EUR71.9 (92.8) million in the first nine months of 2015. After non-controllinginterests, net income was EUR 20.0 (32.4) million in the third quarter. Inthe period from January to September 2015 net income after non-controllinginterests totaled EUR 69.2 (88.8) million.On this basis, earnings per share for the third quarter of 2015 stood atEUR 0.32 (0.51). In the first nine months of 2015, earnings per share stoodat EUR 1.09 (1.40).Weaker order intake due to forex effectsIn the third quarter of 2015, order intake stood at EUR 336.6 (330.3)million, i.e. 1.9% up on the figure recorded in the same quarter a yearago. However, it should be noted that the negative effects of foreignexchange rates exerted downward pressure on order intake due to the slightappreciation of the euro as of September 30, 2015. In the first half of2015, by contrast, order intake had been buoyed by foreign exchange rates.Organically, i.e. without the effects of foreign exchange rates andacquisitions (M&W), order intake would have expanded at a much morepronounced rate of 5.8% in the third quarter of 2015. As of September 30,2015, the Group's order backlog was EUR 756.7 (651.9) million.Outlook 2015: adjusted EBIT before purchase price allocation expected to bebetween EUR 135 and 145 millionElringKlinger has confirmed its forecast for the current financial year, asadjusted in September 2015. The company anticipates that global automobileproduction in 2015 will expand by a percentage figure at the lower end ofthe single-digit range. The European markets as a whole are expected todevelop better than originally anticipated, whereas the Chinese market islikely to slacken slightly.Against this backdrop, ElringKlinger is targeting organic revenue growth of5 to 7% for fiscal 2015 as a whole. Additionally, the consolidation offormer M&W will contribute around EUR 30 million to Group revenue.ElringKlinger is expected to incur additional exceptional charges of EUR 8to 18 million in the fourth quarter of 2015 due to the high levels ofcapacity utilization in specific divisions. Against this backdrop, EBITadjusted for non-recurring items and before purchase price allocation isexpected to be within a corridor of EUR 135 to 145 million in the 2015financial year. ElringKlinger anticipates that earnings performance willimprove in 2016. Exceptional charges are also likely to be incurred in thecoming financial year, but to a much lesser extent than in 2015.The special charges outlined above, earnings contributions from acquiredentities that are as yet below the Group average and sluggish demand in theE-Mobility division will have a dampening effect on the Group's EBITmargin.Key Financials for Q3 and the First Nine Months of 2015in EUR m               Q3 2015 Q3 2014 Change  9 months 9 months Change                                               2015     2014Order intake           336.6   330.3   1.9%    1,185.7  1,041.5  13.8%Order backlog          756.7   651.9   16.1%   -        -        -(as of Sept. 30, 2015)Sales revenue          366.1   327.4   11.8%   1,117.2  985.0    13.4%Gross profit           91.5    91.4    0.1%    284.1    274.4    3.5%Operating result/      35.4    41.2    -14.1%  109.0    124.8    -12.7%EBITAdjusted EBIT          36.7    42.1    -12.8%  112.9    127.4    -11.4%before purchaseprice allocationsEarnings before        29.8    44.9    -33.6%  100.5    123.8    -18.8%taxNet income             20.7    33.8    -38.8 % 71.9     92.8     -22.5%Net income attri-      20.0    32.4    -38.3%  69.2     88.8     -22.1%butable to share-holders ofElringKlinger AGEarnings per share     0.32    0.51    -37.3%  1.09     1.40     -22.1%(in EUR)The full report on the third quarter and first nine months of 2015 can beaccessed at www.elringklinger.de/investor/2015-Q3-en.pdfAn explanatory conference call is scheduled to take place today, November9, 2015 (at 10 a.m. CET), in connection with the publication of the Group'sresults for the third quarter and the first nine months 2015. It can beaccessed at www.elringklinger.de.__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerCorporate Communications/Investor RelationsMax-Eyth-Straße 272581 DettingenGermanyPhone:  +49 7123 724-137Fax:  +49 7123 724-85137Email: sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-11-09 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:      sabrina.haufler@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                                      End of News    DGAP News Service  ---------------------------------------------------------------------  410179 2015-11-09                                                      
Learn more
Press Release

ElringKlinger subsidiary new enerday supplies wind turbines with green energy

DGAP-News: ElringKlinger AG / Key word(s): Sustainability2015-08-17 / 15:32---------------------------------------------------------------------Dettingen/Erms (Germany), August 17, 2015   +++ Fuel cell system specialistnew enerday, a Neubrandenburg-based subsidiary of ElringKlinger AG, hassecured a contract from a major wind turbine manufacturer to supply thelatter with alternative energy for the installation of new wind turbines.The agreements were signed in July 2015, and the first fuel cell systemshave already been delivered to the customer.The blanket service agreement concluded between new enerday and the world'slargest producer of wind turbines covers the supply of energy over aninitial period of one year with the option of an extension. The annualvolume of business under this agreement - in euros - runs into six figures.Calculated on the basis of annual revenue currently being generated by newenerday GmbH, this corresponds to a share of around 25%. In the first year,under the terms of this agreement new enerday will handle the power supplyfor around a dozen wind turbines while they are being installed. This willspan a period of several months and will initially cover sites in Germanyand Poland.The company will be using 1000 W fuel cells operated with conventional LPGcylinders for the full range of AC consumers. The fuel cells emit only aminimal amount of pollutants and produce hardly any noise during operation.What is more, they offer an independent supply of power over a period of upto three months without the need for refilling. The turnkey solutionencompasses a high-performance solar module and a fuel cell to create aninnovative hybrid system that guarantees independent, 24/7 power supplywherever deployed by the customer. The electrical efficiency of the fuelcell systems is almost twice as high as that achieved by generators poweredby a gasoline or diesel engine. In the past, the customer deployedconventional diesel-fueled generators for power supply during theconstruction of its wind farms. By switching to the new enerday fuel cellsystem, the company will be able to reduce its operating costs by up to50%. At the same time, CO2 emissions will be scaled back by more than 90%.Additionally, the systems are maintenance free and can be monitoredremotely.Dr. Matthias Boltze, Managing Director of new enerday GmbH: "This contractrepresents a milestone in the young history of new enerday - in terms ofboth the volume of the order and the opportunity to penetrate new salesmarkets. It proves that our system operates very reliably and is suitablefor day-to-day use. Alongside the growing wind energy market, our fuel cellsystem is particularly interesting for various fields of applicationrelating to off-grid electricity supply. I am extremely confident that thetechnologies developed by new enerday can realize their huge potential inthis sector and inspire other customers to explore these possibilities."Established in 2010, new enerday GmbH develops and manufactures electricitygenerators based on fuel cell technology. This involves the use ofhigh-temperature solid oxide fuel cells (SOFCs) that are capable ofgenerating electrical energy directly from fossil fuels such as natural gasor LPG.In July 2014, the ElringKlinger Group acquired a 75% interest in newenerday GmbH. In doing so, ElringKlinger AG has strengthened its businessactivities in the field of fuel cell technology and extended its ownexpertise centered around associated electronics, reformer technology andsystem integration. The focus is on promising new sales markets beyondthose serving the automotive industry.__________________________________________________________________________For further information, please contact:ElringKlinger AG Sabrina HauflerInvestor Relations / Corporate PRMax-Eyth-Straße 272581 DettingenGermanyPhone: +49 7123 724-137Fax: +49 7123 724-85137E-mail: sabrina.haufler@elringklinger.com---------------------------------------------------------------------2015-08-17 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:      sabrina.haufler@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                                      End of News    DGAP News-Service  ---------------------------------------------------------------------  387383 2015-08-17                                                      
Learn more
Shares
Financial Calendar
Publications & Presentations
Annual General Meeting
IR-Newsletter
Contact

Shares

Learn more

Financial Calendar

Learn more

Publications & Presentations

Learn more

Annual General Meeting

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.

Learn more

IR-Newsletter

Learn more

Contact

Here you can find our contact persons.

Learn more

Shares
Financial Calendar
Publications & Presentations
Annual General Meeting
IR-Newsletter
Contact