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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 financialstatements15.03.2018 / 11:07Preliminary announcement of the publication of quarterly reports andquarterly/interim statements transmitted by DGAP - a service of EQS GroupAG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ElringKlinger AG hereby announces that the following financial reportsshallbe disclosed :Report: Quarterly financial report within the 1st half-year (Q1)Date of disclosure / German: May 14, 2018Date of disclosure / English: May 14, 2018German: www.elringklinger.de/investor/2018-q1-de.pdfEnglish: www.elringklinger.de/investor/2018-q1-en.pdf---------------------------------------------------------------------------15.03.2018 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de---------------------------------------------------------------------------     Language:    English     Company:     ElringKlinger AG                  Max-Eyth-Straße 2                  72581 Dettingen/Erms                  Germany     Internet:    www.elringklinger.de     End of News    DGAP News Service
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ElringKlinger sees substantial growth in revenue and slight improvement in earnings based on preliminary figures for 2017 - Sale of Hug completed

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

01.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


ElringKlinger sees substantial growth in revenue and slight improvement in earnings based on preliminary figures for 2017 - Sale of Hug completed

- Revenue up by 6.8% to EUR 1,664 million, organically by 8.1%

- EBIT before purchase price allocation slightly up on previous year at EUR 141.8 million

- Q4 2017: revenue increases by 3.0% to EUR 419.3 million, organically by 6.7%; EBIT before purchase price allocation stands at EUR 30.7 million, EBIT margin at 7.3%

- Sale of Hug formally completed as of March 1, 2018; income from deconsolidation within low double-digit million euro range

- Outlook for current financial year on March 27, 2018

Dettingen/Erms (Germany), March 1, 2018 +++ Based on preliminary, unaudited figures, the ElringKlinger Group grew significantly in the financial year just ended. Revenue totaled EUR 1,664.0 (1,557.4) million, up 6.8% year on year. Taking into account the effects of currencies and acquisitions, organic growth was as high as EUR 126.0 million or 8.1%. Changes in the scope of consolidation - primarily, hofer powertrain products GmbH, Nürtingen, Germany, a company in which ElringKlinger AG holds a 53% stake and that has been fully consolidated within the Group since February 6, 2017 - contributed EUR 9.3 million or 0.6% to growth in the financial year just ended. Currency translation diluted revenue generated by the Group by EUR 28.7 million in total, equivalent to -1.8%.

At EUR 141.8 (140.4) million, Group earnings before interest, taxes, and purchase price allocation were slightly above the figure posted a year ago. Progress made at the Swiss site was a planned, although additional expenses associated with the introduction of a local ERP system had a dilutive effect on earnings growth. Volumes requested by customers as part of their production scheduling remained high at the North American sites, while the cost of raw materials increased markedly. In combination, this exerted downward pressure on earnings. These factors are also expected to have an influencing effect in the course of the current financial year.

"Global demand for our products is very strong, as illustrated by significant organic growth in revenue by 8.1%," explains Dr. Stefan Wolf, Chief Executive Officer of ElringKlinger AG. "We have seen growth in all regions around the world." Group revenue increased by 5.1% (and by as much as 6.5% adjusted for currencies) in Europe, while Asia-Pacific recorded growth of 6.1% (9.5% adjusted for currencies) and the NAFTA region 10.7% (13.6% adjusted for currencies). The direction taken by exchange rates for the Chinese yuan, the Turkish lira, and the US dollar, in particular, had an adverse effect on revenue. "Currency effects are a natural consequence of ElringKlinger's global reach. The effects of foreign currency translation are reflected in revenue and - as was the case in the first nine months - are also expected to be noticeable in our net finance result for the 2017 financial year as a whole," adds Chief Financial Officer Thomas Jessulat.

Turning to other matters, the transaction covering the sale of Swiss subsidiary Hug Engineering AG was closed effective from March 1, 2018. ElringKlinger had already reached an agreement on December 21, 2017, for the sale of this company to a major French automotive supplier. Following this divestment, the Group can now focus on lightweighting and e-mobility, which encompass the three pillars of battery technology, fuel cell technology, and electric drive systems as promising fields for the future. The continuation of business would have necessitated significant investment to support the global advancement of the Exhaust Gas Purification division. As Dr. Wolf explains: "We were able to negotiate a favorable agreement for ElringKlinger. The positive effect on earnings in fiscal 2018 is expected to be in the low double-digit million euro range."

ElringKlinger will publish its full and definitive results for the 2017 financial year on March 27, 2018, together with its outlook for 2018.

EUR millionQ4 2017Q4 2016 abs.rel.FY 2017FY 2016 abs. rel.
Revenue419.3407.2+12.1+3.0%1,664.01,557.4+106.6+6.8%
of which FX effects  -16.9-4.2%  -28.7-1.8%
of which akquisitions  +2.0+0.5%  +9.3+0.6%
of which organic  +27.1+6.7%  +126.0+8.1%
EBITDA55.964.5-8.6-13.3%238.4231.2+7.2+3.1%
EBIT before purchase price allocation30.739.5-8.8-22.3%141.8140.4+1.4+1.0%
EBIT margin before purchase price allocation (in %)7.3%9.7%-2.4pp 8.5%9.0%-0.5pp 
Purchase price allocation1.01.1-0.1 4.54.8-0.3 
EBIT29.738.4-8.7-22.7%137.3135.6+1.7+1.3%
 

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
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. Additional solutions include thermal and acoustic shielding components as well as particulate filters and end-to-end exhaust gas purification systems for engines used in stationary and mobile applications. The Group's portfolio is complemented by products made of the high-performance plastic PTFE which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,300 people at 49 ElringKlinger Group locations around the globe.

Disclaimer
This release contains forward-looking statements. These statements are based on expectations, market evaluations and forecasts by the Management Board and on information currently available to them. In particular, the forward-looking statements shall not be interpreted as a guarantee that the future events and results to which they refer will actually materialize. Whilst the Management Board is confident that the statements as well as the opinions and expectations on which they are based are realistic, the aforementioned statements rely on assumptions that may conceivably prove to be incorrect. Future results and circumstances depend on a multitude of factors, risks and imponderables that can alter the expectations and judgments that have been expressed. These factors include, for example, changes to the general economic and business situation, variations of exchange rates and interest rates, poor acceptance of new products and services, and changes to business strategy.



01.03.2018 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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ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements

ElringKlinger AG / Preliminary announcement on the disclosure of financialstatements08.02.2018 / 12:03Preliminary announcement of the publication of quarterly reports andquarterly/interim statements transmitted by DGAP - a service of EQS GroupAG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ElringKlinger AG hereby announces that the following financial reportsshallbe disclosed :Report: Quarterly financial report within the 1st half-year (Q1)Date of disclosure / German: May 08, 2018Date of disclosure / English: May 08, 2018German: www.elringklinger.de/investor/2018-q1-de.pdfEnglish: www.elringklinger.de/investor/2018-q1-en.pdfReport: Quarterly financial report within the 2nd half-year (Q3)Date of disclosure / German: November 06, 2018Date of disclosure / English: November 06, 2018German: www.elringklinger.de/investor/2018-q3-de.pdfEnglish: www.elringklinger.de/investor/2018-q3-en.pdf---------------------------------------------------------------------------08.02.2018 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de---------------------------------------------------------------------------     Language:    English     Company:     ElringKlinger AG                  Max-Eyth-Straße 2                  72581 Dettingen/Erms                  Germany     Internet:    www.elringklinger.de     End of News    DGAP News Service
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ElringKlinger AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

ElringKlinger AG / Preliminary announcement on the disclosure of financialstatements08.02.2018 / 11:55Preliminary announcement of the publication of financial reports accordingto Articles 114, 115, 117 of the WpHG [the German Securities Act]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 reportsshallbe disclosed :Report: Annual financial reportDate of disclosure / German: March 27, 2018Date of disclosure / English: March 27, 2018German: www.elringklinger.de/investor/2017-gbag-de.pdfEnglish: www.elringklinger.de/investor/2017-gbag-en.pdfReport: Annual financial report of the groupDate of disclosure / German: March 27, 2018Date of disclosure / English: March 27, 2018German: www.elringklinger.de/investor/2017-gb-de.pdfEnglish: www.elringklinger.de/investor/2017-gb-en.pdfReport: Financial report of the group (half-year/Q2)Date of disclosure / German: August 07, 2018Date of disclosure / English: August 07, 2018German: www.elringklinger.de/investor/2018-q2-de.pdfEnglish: www.elringklinger.de/investor/2018-q2-en.pdf---------------------------------------------------------------------------08.02.2018 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de---------------------------------------------------------------------------     Language:    English     Company:     ElringKlinger AG                  Max-Eyth-Straße 2                  72581 Dettingen/Erms                  Germany     Internet:    www.elringklinger.de     End of News    DGAP News Service
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ElringKlinger wins further large-scale serial production contract for lightweight components

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

30.01.2018 / 13:32
The issuer is solely responsible for the content of this announcement.


ElringKlinger wins further large-scale serial production contract for lightweight components

- Byton places order for hybrid cockpit cross-car beams for premium SUV

- Order represents double-digit million euro turnover covering a period of six years

- Start of production in 2019 at ElringKlinger's plant in Suzhou, China

Dettingen/Erms (Germany), January 30, 2018 +++ ElringKlinger AG has been awarded another major contract for its innovative lightweight structural components. Electric vehicle manufacturer Byton has placed an order with ElringKlinger for the supply of cockpit cross-car beams to be used in the company's premium SUV model. Both parties are also targeting to integrate the same lightweight technology into other, future Byton models. Development work for this project will be conducted at the technical centers in Silicon Valley and Southern Germany. Starting 2019 the components will be produced at ElringKlinger's plant in Suzhou, China. In total, the contract covers a double-digit million euro turnover over a period of six years.

"Byton is the second innovative supplier of the next generation of vehicles to have opted for our cockpit cross-car beams. This clearly illustrates the value of this lightweight component to customers: the tangible weight savings and its flexible adaptability to individual requirements are of tremendous relevance to manufacturers," explains Dr. Stefan Wolf, CEO of ElringKlinger AG. "It comes as no surprise that the cockpit cross-car beam was one of the first interior components of the new SUV model for which the customer placed an order at such an early stage."

The production process of cockpit cross-car beams manufactured by ElringKlinger includes an innovative method of hydroforming and plastic injection-molding combined into a single-step process. The resulting structural parts made of polymer and metal combine the benefits of both materials: design freedom, tremendous integration opportunities of complex geometries, excellent precision in terms of shape and dimensions with minimal tolerances as well as outstanding structural resistance in the event of an accident. At the same time, the cross-car beams can help to achieve significant weight reductions compared to conventional metal carrier designs.

ElringKlinger has been working on substituting metal by plastics over a period spanning more than 15 years and has accumulated considerable know-how in this field with regard to materials and production methods. The Group has already been manufacturing structural parts made of polymer-metal hybrids at its sites in Leamington (Canada) and Suzhou (China) since 2015 as well as in Fremont (USA) since mid-2017. The latest order confirms and encourages the strategy of ElringKlinger into lightweight body and chassis components.


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
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,300 people at 49 ElringKlinger Group locations around the globe.



30.01.2018 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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