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Ad-Hoc-Release

ElringKlinger AG: Preliminary annual result for 2014: ElringKlinger records organic revenue growth of 11.2%

ElringKlinger AG  / Key word(s): Preliminary Results02.03.2015 07:39Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------------   Revenue increases by 15.3% - organically by 11.2% - to EUR 1,325.8    million-   Adjusted EBIT before purchase price allocation (EUR 3.4 million) at    EUR 162.3 million-   Outlook for 2015: organic revenue growth of 5 to 7% plus acquisitions;    EBIT before purchase price allocation projected at between     EUR 170 and 180 millionDettingen/ Erms (Germany), March 2, 2015   +++  Based on preliminary data,the ElringKlinger Group recorded sales revenue of EUR 1,325.8 (1,150.1)million in the 2014 financial year. Organically, i.e. eliminating theeffects of foreign currency translation and changes in the scope ofconsolidation, sales revenue increased by 11.2%, despite the malaiseafflicting vehicle markets in both Brazil and Russia. ElringKlingerbenefited from strong structural growth in many of its product groups aimedat CO2 reduction and expanded at a percentage rate that was well in excessof growth in terms of global vehicle production. The full consolidation ofElringKlinger Marusan Corporation contributed EUR 23.1 million to Grouprevenue in 2014.*It should be noted that ElringKlinger had generated a one-time gain of EUR17.6 million in 2013 following the assumption of control of the 50:50 jointventure ElringKlinger Marusan Corporation effective from December 31, 2013.The operating result rose to EUR 154.0 million in 2014. Adjusted for theone-time gain of EUR 17.6 million from the assumption of control ofMarusan, the comparative prior-year figure was EUR 146.6 million (includingone-time gain: EUR 164.2 million).Group EBIT, adjusted for non-recurring items and before purchase priceallocation, stood at EUR 162.3 (149.8) million, up 8.3% on the previousyear; this corresponds to a margin of 12.2%. Due to current demandpatterns, the new E-Mobility division fell well short of the originaltarget and recorded a loss of EUR 8.1 (loss of 7.3) million. In total,one-off exceptional charges of EUR 4.9 million had a dampening effect: aspart of the plant relocation to the newly constructed site in Gumi, thesubsidiary ElringKlinger Korea Co., Ltd. had to carry out inventorycorrections and adjustments of EUR 2.0 million. A warranty incidentattributable to the parent company, ElringKlinger AG, and dating back to2008 was definitively settled in the reporting period and there are nolonger any risks associated with this matter. In this context, a sum of EUR1.5 million in receivables had to be derecognized, which was accounted forin profit/loss. At the same time, ElringKlinger received cash of EUR 8.5million as a result of the insurance payment. As part of the amendments toManagement Board contracts of service, a one-time amount of EUR 1.4 millionhad to be allocated to provisions in respect of long-term variableincentive components of compensation (LTI II) that are attributable ineconomic terms to the two previous years.Compared to the prior-year figure, adjusted for the one-time gain from theassumption of control of Marusan, earnings before taxes rose by 16.6% toEUR 153.1 million (EUR 131.3 million, including one-time gain: EUR 148.9million). This was driven largely - primarily as a result of foreignexchange gains - by lower net finance costs of EUR 0.9 (15.3) million.Order backlog 15.6% up on previous yearElringKlinger saw its order intake expand by 10.5%, or 8.3% organically, in2014. In absolute terms, order intake rose to EUR 1,418.6 (1,284.4)million, which was well in excess of sales revenue. As of December 31,2014, order backlog exceeded the previous year's figure by 15.6%, taking itto EUR 688.2 (595.4) million.Further revenue and earnings growth planned for 2015ElringKlinger anticipates that global car production will expand by around2% in 2015 as a whole. Based on this assumption, the Group is targetingorganic revenue growth of 5 to 7%. Additionally, the consolidation ofrecently acquired M&W Manufacturing Inc., USA (in future "ElringKlingerAutomotive Manufacturing Inc.") will contribute around EUR 30 million toGroup revenue in the financial year as a whole.Due to the greater relevance of acquired entities, adjusted EBIT will infuture be presented before the effects of purchase price allocation.Adjusted for non-recurring items, EBIT before purchase price allocation isexpected to be between EUR 170 and 180 million in 2015. Due to currentdemand patterns, from today's perspective, the E-Mobility division is notlikely to see a fundamental improvement in its earnings performance in2015.________________________________________________________________________With regard to the publication of preliminaries for fiscal 2014 aconference call will be held today, March 2, 2015, at 10:00 CET. The fullannouncement of the definitive, audited results for fiscal 2014 isscheduled for March 31, 2015.*Due to the necessary retrospective application of IFRS 11 as regards thepresentation of comparative prior-year figures (2013), the joint ventureElringKlinger Marusan Corporation was no longer accounted for on aproportionate basis but rather in accordance with the equity method. As aresult, the Group revenue figure originally presented for 2013 wasretrospectively reduced to EUR 1,150.1 million, the difference beingattributable to the entity's revenue contribution (EUR 25.1 million)formerly included at a proportionate rate of 50%. Thus, EBIT presented herewas EUR 0.7 million lower retrospectively, while earnings before taxes wereEUR 0.3 million lower retrospectively. In the fourth quarter of 2013, Grouprevenue was thus reduced retrospectively by EUR 5.7 million to EUR 285.4million.For further information, please contact:ElringKlinger AG - Investor Relations/Corporate PRStephan HaasMax-Eyth-Straße 272581 Dettingen/ErmsTel.: +49 (0)7123-724-137E-Mail: stephan.haas@elringklinger.com 02.03.2015 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:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart;              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,              Hanover, Munich End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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Ad-Hoc-Release

ElringKlinger Group acquires US transmission component specialist M&W Manufacturing

ElringKlinger AG  / Key word(s): Acquisition13.02.2015 07:54Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), Warren, Michigan (USA), February 13, 2015 +++ElringKlinger has acquired US automotive supplier M&W Manufacturing Co.,Michigan, thereby significantly expanding its market position as a supplierof spacer plates for automatic transmissions - in North America andworldwide.ElringKlinger AG has acquired all interests in the US company M&WManufacturing Co. from the former owner family of the business. Theagreement was closed on the evening prior to this announcement.  M&W is tobe included in the scope of consolidation of the ElringKlinger Groupretrospectively as of February 1, 2015. The entity's sales and earningsthus will contribute to ElringKlinger Group sales and earnings for fiscal2015 for a period spanning 11 months.The acquisition of M&W is seen as an important milestone in the expansionof ElringKlinger's Specialty Gaskets division, which generated sales ofapprox. EUR 200 million in 2014. The division primarily develops andproduces turbocharger gaskets, high temperature gaskets and components forexhaust gas recirculation (EGR) and exhaust systems as well as controlplates for automatic and dual-clutch transmissions.The latest acquisition will allow the division to underpin its regionalpresence in North America and its production activities in the US market.Together with US market leader M&W, ElringKlinger has advanced to becomethe premier supplier of transmission spacer plates. In addition tosupplying the North American market, M&W has started to increasingly servethe Chinese market from its US production site.ElringKlinger will thus be pursuing opportunities in an additional field ofstructural growth. The market has seen significant growth in the proportionof high-performance automatic and dual-clutch transmissions, prompting moreexpansive demand in the coming years for key components such as controlplates for transmission systems. As regards production and processtechnology, M&W's manufacturing activities in the field of transmissionspacer plates complement ElringKlinger's screen printing and metal beadbased technology. These technologies can be rolled out rapidly atproduction facilities operated by the ElringKlinger Group around the globe.M&W employs around 100 people at its two company sites at Warren andRoseville, Michigan. The target for fiscal 2015 is to generate salesrevenue totalling between EUR 33 and 34 million, with a projected operatingmargin (adjusted EBIT before purchase price allocation) in highsingle-digit figures. The purchase price is approx. 0.8-times the amount ofsales revenues budgeted for 2015 and includes the assumption of financialliabilities totalling EUR 4.5 million. The parties to the contract haveagreed not to disclose further details relating to the transaction.ElringKlinger will implement further improvements with regard to costs andearnings through further automation and mutual support in the field ofdevelopment as well as production methods.The announcement of the acquisition of M&W will be accompanied by a briefconference call today, February 13, 2015  at 11:00 a.m. CET.For further information please contact:ElringKlinger AGCorporate PR / Investor RelationsStephan HaasMax-Eyth-Straße 272581 DettingenFon: +49 (0)7123-724-631; +49 (0)170-9246264; Fax: +49 (0)7123-724-641E-Mail: stephan.haas@elringklinger.de13.02.2015 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:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart;              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,              Hanover, Munich End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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Ad-Hoc-Release

ElringKlinger AG: After record performance in 2013, ElringKlinger anticipates further growth in revenue and earnings: major order for new lightweight components

ElringKlinger AG  / Key word(s): Final Results28.03.2014 07:30Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------After record performance in 2013, ElringKlinger anticipates further growthin revenue and earnings: major order for new lightweight componentsDettingen/Erms (Germany), March 28, 2014 +++ Despite difficult marketconditions and unfavorable foreign exchange effects, the ElringKlingerGroup set a new record in revenue and earnings in the financial year 2013.Sales rose by 4.3% to EUR 1,175.2 (1,127.2) million. At an organic level,growth stood at 6.0%, which was almost twice as much as the expansion inglobal vehicle production. Earnings before interest and taxes (EBIT)reached EUR 160.4 (135.8) million. Adjusted for one-time effects, EBIT roseby 6.6% to EUR 144.7 million and included foreign exchange losses of EUR4.6 million. Net income after non-controlling interests amounted to EUR105.4 (85.7) million.Despite the protracted weakness of the European vehicle markets, thenoticeable downturn in car sales in the BRIC states of Brazil, Russia andIndia as well as the negative effects of foreign currency translationequivalent to EUR 24.7 million, the ElringKlinger Group managed to propelits sales revenue to a new annual record in 2013. Growth was fueled by afavorable performance in Asia, significant export-driven demand and anumber of new product rollouts within the Original Equipment segment.Control obtained over Marusan joint venture as part of expansion in AsiaThe assumption of control over the 50:50 Japanese joint ventureElringKlinger Marusan Corporation effective from December 31, 2013,produced a one-off gain of EUR 17.6 million (EUR 12.7 million after taxes)for the ElringKlinger Group. By contrast, there was as yet no revenueeffect in 2013. Having previously been included in the Group's scope ofconsolidation at a proportionate rate of 50%, the joint venture was fullyconsolidated as from December 31, 2013. As a result, Group sales revenuewill increase by around EUR 25 million in 2014 compared to the precedingfinancial year, while proportionate earnings before taxes will expand byapprox. EUR 1.5 million year on year. Amortization of intangible assetsresulting from purchase price allocation and amounting to an estimatedfigure of EUR 2.2 million will have a contrary effect in 2014.Improved earnings performance of acquired companies: successful turnaroundat HugThe companies acquired in 2011 - the Swiss Hug Group and the formerFreudenberg enterprises - saw an improvement in their earnings performancein 2013. Exhaust abatement specialist Hug, in particular, has beenbenefiting from extremely buoyant demand for exhaust gas purificationsystems within the US retrofit market for heavy trucks as well as withinthe area of inland shipping. As a result, sales surged to EUR 57.6 (36.6)million. Having been faced with a loss before taxes of EUR 3.5 million inthe preceding year, Hug generated earnings before taxes of EUR 12.9 millionin 2013. The former Freudenberg enterprises in total also made a largerearnings contribution. Whereas the German and Italian sites achievedearnings that were well within positive territory, the French subsidiarywas again under par with a loss of EUR 2.5 million due to restructuringmeasures.Adjusted operating result up 8% - EBIT impacted by foreign exchange lossesThe ElringKlinger Group's operating result rose by 19.0% to EUR 164.9(138.6) million in 2013. This included non-recurring restructuring expensesfor the French site in Nantiat (EUR 1.8 million) and one-time expenses inrelation to market penetration measures in the aftermarket business (EUR1.5 million). By contrast, non-recurring income from the step acquisitionof the Korean joint venture ElringKlinger Korea Co., Ltd. (EUR 1.4 million)and, as detailed above, income from the assumption of control ofElringKlinger Marusan Corporation (EUR 17.6 million) had a positive impact.The adjusted operating result increased by 7.6% to EUR 149.2 (138.6)million, while the adjusted operating margin was up at 12.7% (12.3%). Inthis context, the operating result was burdened by considerable up-frontcosts still associated with the E-Mobility division and poor capacityutilization at the new plant in Dettingen, Germany, which was built inparticular for plastic housing modules used in the truck industry. Thenegative contribution made by the French subsidiary also had an adverseeffect.Adjusted EBIT rises to EUR 144.7 million Earnings before interest and taxes (EBIT) includes the effects ofsubstantial foreign exchange losses of EUR 4.6 (2.9) million, which wereattributable primarily to the appreciation of the euro against theBrazilian real and a number of Asian currencies. As a result, EBIT laggedbehind the operating result at EUR 160.4 (135.8) million. Adjusted EBITbefore non-recurring items stood at EUR 144.7 (135.8) million and thereforegrew at a faster rate than sales in percentage terms.New record for net incomeThe Group managed to expand earnings before taxes to EUR 149.2 (123.6)million. Eliminating the effects associated with the assumption of controlover ElringKlinger Marsuan Corporation, earnings before taxes still rose by6.5% to EUR 131.6 million. Overall, the ElringKlinger Group's tax rate fellslightly to 25.5% (27.8%) in 2013. On this basis, the ElringKlinger Group'snet income after non-controlling interests climbed to EUR 105.4 (85.7)million. After adjusting for the non-recurring contribution to earningsfrom the assumption of control at ElringKlinger Marusan Corporation, netincome for the period, after non-controlling interests, was up 8.2% at EUR92.7 (85.7) million. Thus, earnings per share stood at EUR 1.66 (1.35) pershare, adjusted for the assumption of control at ElringKlinger Marusan atEUR 1.46.Strong growth in order intakeOrder intake for the ElringKlinger Group rose by a significant 15.4% to EUR1,309.8 (1,134.8) million in the financial year just ended. On this basis,the increase in incoming orders was well above revenue growth.Correspondingly, order backlog as of December 31, 2013, was up by 30.6% toEUR 595.4 (456.0) million.Embracing lightweight design for vehicle body and chassis parts with newhydroforming hybrid technologyIn addition, ElringKlinger announced that it had secured a contract from aGerman vehicle producer for the supply of innovative lightweight componentsmade from metal-plastic materials. For the first time, the company willcombine the method of metal hydroforming with injection-molding for thepurpose of achieving significant weight savings. This will giveElringKlinger a foothold in the rapidly growing and technologicallyadvanced market for lightweight body and chassis components. In thiscontext, the company has benefited from the expertise of the Hummel Group,an acknowledged tooling specialist in the field of lightweight plasticconstruction and now fully integrated within the ElringKlinger Group.Serial production is scheduled to commence in 2015, and projected salesover a six-year period are expected to be EUR 120 to 130 million in total.Further revenue and earnings growth expected for 2014Based on the assumption that global car production will expand by 2 to 3%,the ElringKlinger Group anticipates that its revenue will grow by 5 to 7%organically, thus outpacing the market as a whole. Full consolidation ofElringKlinger Marusan Corporation will additionally contribute around EUR25 million to revenue in 2014. Adjusted for non-recurring items, EBIT for2014 is expected to reach a level of EUR 160 to 165 (144.7) million. Forthe purpose of improved comparability, the financial indicator EBIT will infuture no longer be reported inclusive of foreign exchange effects, whichare almost fully attributable to financing activities. Thus, as isstandard, EBIT will correspond to the operating result reported in theGroup income statement. In total, the Group's EBIT margin is expected toimprove slightly compared to 2013.For further information, please contact:ElringKlinger AG - Investor Relations/Corporate PRStephan HaasMax-Eyth-Straße 272581 Dettingen/ErmsTel.: +49 (0)7123-724-137E-Mail: stephan.haas@elringklinger.com 28.03.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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Ad-Hoc-Release

ElringKlinger proposes 11% increase in dividend

ElringKlinger AG  / Key word(s): Dividend24.03.2014 14:37Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms, March 24, 2014  +++  Pursuing a consistent dividend policythat reflects current earnings performance, ElringKlinger AG will haveshareholders participate appropriately in the company's success with regardto the financial year 2013. Thus, the company plans to increase its regulardividend for the fifth time in succession.The Management Board and Supervisory Board of ElringKlinger AG will proposeto the Annual General Meeting a regular dividend of EUR 0.50 (0.45) pershare for the financial year 2013, which represents an increase of 11.1%.The number of shares entitled to a dividend in respect of the 2013financial year remains unchanged year on year at 63,359,990. Thus, thedividend distributed in 2014 will rise to EUR 31.7 million, up from EUR28.5 million in the previous year.The Annual General Meeting of the Group will convene on May 16, 2014, atthe Liederhalle Culture and Congress Center in Stuttgart.The dividend is to be paid out on May 19, 2014.24.03.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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Ad-Hoc-Release

ElringKlinger AG: Preliminary financial results for FY 2013 characterized - Adverse foreign exchange effects

ElringKlinger AG  / Key word(s): Preliminary Results20.01.2014 18:40Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ElringKlinger AG: Preliminary financial results for FY 2013 characterizedby one-time effects - Adverse foreign exchange effects  - Projected one-time gain of EUR 16-18 million following assumption of    control of Japanese joint venture  - Revenue for 2013 up 4.3%; organic growth of 6.1%  - EBIT estimated at EUR 160-162 million; adjusted EBIT expected to be    around EUR 146 million  - Outlook 2014: Revenue growth of 7-9% (5-7% organically),    adjusted EBIT expected to rise to EUR 160-165 millionDettingen/Erms (Germany), January 20, 2014 +++ Automotive supplierElringKlinger will generate a one-time gain of an estimated EUR 16-18million having assumed control of the 50:50 joint venture ElringKlingerMarusan Corporation effective from December 31, 2013. This item will beincluded in its operating result for the 2013 financial year.Based on preliminary key financials, the ElringKlinger Group achieved salesrevenue of EUR 1,176.2 (1,127.2) million. Revenue growth was impacted bythe strength of the euro and came in at 4.3%. Organically, i.e. taking intoaccount the effects of foreign currency translation, revenue increased by6.1% despite the extreme weakness of European vehicle markets and adownturn in new car registrations in Russia, Brazil and India.The marked appreciation of the euro, especially in the second half of 2013,also had an impact on earnings before interest and taxes (EBIT), which inthe case of ElringKlinger's business include foreign exchange effects. Theautomotive supplier anticipates that EBIT will amount to EUR 160-162(136.0) million in total. This figure includes the estimated one-time gainof EUR 16-18 million mentioned above. Adjusted for non-recurring items,EBIT rose by around 7% to approx. EUR 146 (136.0) million in 2013, based onpreliminary figures. This was roughly 3% below the original target of atleast EUR 150 million.In 2013, one-off restructuring charges attributable to the French site inNantiat (EUR 1.8 million) as well as exceptional expenses associated withefforts to further penetrate the aftermarket sector (EUR 1.5 million)exerted some downward pressure on earnings. By contrast, the one-off gainfrom the step acquisition of Korean joint venture ElringKlinger Korea Co.,Ltd. (EUR 1.4 million) and, as outlined above, the effects associated withthe assumption of control of ElringKlinger Marusan Corporation (EUR 16-18million) had a positive impact.The adjusted EBIT margin thus improved slightly, up from 12.1% in theprevious year. The company's operating result, which unlike EBIT containsno foreign exchange effects, will be visibly higher.Control obtained over ElringKlinger Marusan as part of expansion in AsiaElringKlinger concluded a contractual agreement with its joint venturepartner as regards the exercise of control over the 50:50 joint ventureElringKlinger Marusan Corporation. As of December 31, 2013, ElringKlingerAG thus has economic control over the Marusan Group. Under IFRS, theassumption of control necessitates full inclusion of the entity within thescope of consolidation of the ElringKlinger Group. As outlined above, thistransition will produce a one-time gain of an estimated EUR 16-18 millionfor 2013. There was no effect on sales in 2013.Having previously been included in the Group's scope of consolidation at aproportionate rate of 50%, the joint venture is to be fully consolidated asfrom 2014. As a result, Group sales revenue will increase by around EUR 25million in 2014 compared to the preceding financial year, while earningsbefore taxes will expand by approx. EUR 1.5 million year on year.Write-downs of intangible assets resulting from purchase price allocationand amounting to an estimated figure of around EUR 1.5 million will have acontrary effect in 2014.The Japanese joint venture is of particular importance to the Asianstrategy adopted by the ElringKlinger Group, especially in the rapidlyexpanding ASEAN region. Including exports, the ElringKlinger Group alreadygenerates more than 20% of its revenue within the Original Equipmentsegment in Asia, a trend that is rising. The Group saw another significantincrease in the number of ongoing development contracts with Asianmanufacturers in 2013.Further revenue and earnings growth expected for 2014 Based on the assumption that global car production will expand by 2 to 3%,the ElringKlinger Group anticipates that its revenue will grow by 5 to 7%organically in 2014, thus outpacing the market as a whole. Fullconsolidation of ElringKlinger Marusan Corporation will additionallycontribute around EUR 25 million in sales. The Group's EBIT margin isexpected to improve slightly compared to 2013. Adjusted for non-recurringitems, EBIT is to rise for the fifth consecutive year, reaching a level ofEUR 160 to 165 (around 146) million.The full announcement of the final, audited results for fiscal 2013 isscheduled for March 28, 2014.20.01.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       stephan.haas@elringklinger.deInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      MDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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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.

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