Announcements

Annual General Meeting approves dividend of EUR 0.50 per share - Klaus Eberhardt becomes new Chairman of the Supervisory Board

- Dividend resolution will lead to payout of EUR 31.7 million, equivalent to dividend ratio of 40.3%

- Andreas Wilhelm Kraut elected as new member of the Supervisory Board; broad consensus also on all other items on the agenda

- Klaus Eberhardt succeeds Walter H. Lechler as Chairman of the Supervisory Board

- Walter H. Lechler elected as Honorary Chairman of the Supervisory Board

Dettingen/Erms (Germany), May 16, 2017 +++ The 112th Annual General Meeting of ElringKlinger AG was attended by around 900 shareholders, shareholder representatives, and guests at the Liederhalle congress center in Stuttgart. In his speech CEO Dr. Stefan Wolf presented a review of the financial year just ended, while also outlining the process of transformation currently driving the automobile industry: "Recording sales revenue of EUR 1,557.4 million and organic growth of 4.7%, ElringKlinger made considerable ground in 2016 and again outpaced the global markets in terms of forward momentum. This is attributable to the Group's innovative and broadly diversified product portfolio that provides an excellent vantage point when it comes to tackling the industry's dynamic transition towards alternative drive systems."

ElringKlinger generated earnings before interest and taxes of EUR 135.6 (135.2) million in fiscal 2016, thus emulating its performance in the previous year. While growth in revenue had a favorable impact on earnings, these positive contributions to profit were offset by charges relating to the Swiss subsidiary affected by capacity constraints. As a result, net income attributable to shareholders fell to EUR 78.6 (91.6) million.

The Annual General Meeting (AGM) approved by a majority of 99.96% the proposal put forward by the Management Board and Supervisory Board for a dividend payment of EUR 0.50 (0.55) per share for fiscal 2016. The total dividend payment will amount to EUR 31.7 (34.8) million. On this basis, the dividend ratio will rise to 40.3 (38.0)%, which lies at the upper range of the long-term dividend policy adopted by the company. It stipulates a dividend payment equivalent to between 30 to 40% of Group net income for the purpose of ensuring that shareholders receive an appropriate and sustainable return on their investment.

ElringKlinger AG shareholders elected Andreas Wilhelm Kraut, Chairman and CEO of Bizerba SE & Co. KG, as a new member of the Supervisory Board of ElringKlinger AG. He takes the place of board member Walter H. Lechler, who stepped down as Chairman of the Supervisory Board of ElringKlinger AG at the end of the AGM for reasons of age and left the Supervisory Board.

Shareholders also passed, by large majorities, all the other resolutions put forward. The actions of the Management Board and Supervisory Board were ratified with 99.88% and 96.50% of the votes respectively for the 2016 financial year. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft was appointed as the auditor for the financial year 2017. Additionally, a resolution on the cancellation of existing and the creation of new Authorized Capital, including the authorization to exclude subscription rights and an amendment to the Articles of Association, was approved by 89.22%. The overall attendance figure was 78.10% of share capital.

At the Supervisory Board meeting convened subsequent to the AGM the members of the Supervisory Board elected Klaus Eberhardt as their new Chairman. Eberhardt has been a member of the Supervisory Board of ElringKlinger AG since May 2013. He also acts as chairperson of the supervisory boards at Dürr AG and MTU Aero Engines AG. He has a mandate as Supervisory Board member of ElringKlinger AG until May 2020. At the same meeting, the Supervisory Board elected Walter H. Lechler as its Honorary Chairman.

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 8,700 people at 47 ElringKlinger Group locations around the globe.

ElringKlinger records successful start to 2017

- Revenue up by 12.5% in first quarter; organic growth of 10.9%

- EBIT margin before purchase price allocation rises to 9.0%; EBIT before purchase price allocation increases by 22% to EUR 39.1 million

- Cash flow includes payments for acquisition of equity stake in hofer Group

- Guidance for 2017 confirmed

Dettingen/Erms (Germany), May 9, 2017 +++ Maintaining its solid momentum from the final quarter of 2016, ElringKlinger AG recorded a significant increase in sales in the first quarter of 2017. Compared with the first quarter of 2016, the Group managed to lift sales revenue by 12.5% or EUR 48.1 million, taking the figure to EUR 433.3 (385.2) million. Chief Executive Officer Dr. Stefan Wolf said: "ElringKlinger made significant ground in all segments and regions during the first quarter. In addition to benefiting from a larger number of working days, we received fresh impetus from the positive direction taken by the global automotive markets and from the introduction of several new products. Based on this quarterly performance, we are well on track when it comes to meeting our growth targets."

The Group's organic revenue growth of EUR 41.9 million or 10.9% was complemented by positive currency effects - primarily with regard to the Brazilian real, the Swiss franc, and the US dollar - equivalent to EUR 2.9 million or 0.7% as well as revenue contributions relating to changes to the scope of consolidation compared to the first quarter of 2016. Acquired entities added EUR 3.3 million, i.e., +0.9%, to revenue in total; hofer powertrain products GmbH (hpp), included as of February 6, 2017, for the first time, was among the contributors.

The significant increase in revenue also proved favorable with regard to earnings. EBIT before purchase price allocation rose by EUR 7.1 million or 22.2% year on year to EUR 39.1 million. As a result, the EBIT margin improved to 9.0%, up 0.7 percentage points on the figure recorded for the same period a year ago. Alongside the increase in revenue, earnings growth was also driven by steady progress made at the Swiss plant affected by capacity constraints. These two aspects will also prove to be key factors when it comes to improving margins and achieving the earnings target in the financial year as a whole.

Net cash used in investing activities includes an outflow for equity interests acquired in the hofer Group; these transactions were closed in February (hpp) and March (hofer AG). Operating free cash flow, which does not include payments for acquired equity interests, fell by EUR 12.2 million year on year to EUR -11.6 (0.6) million. This decline is attributable primarily to higher net working capital, as receivables in particular were up at the end of the quarter due to buoyant sales in March. At EUR 29.6 (37.5) million, investments in property, plant, and equipment and real estate were down year on year.

Despite a number of political and economic uncertainties, ElringKlinger anticipates that the market as a whole will remain solid in 2017. Overall, the Group estimates that global automobile production will grow by 1 to 2%; it expects to exceed this figure by around 2 to 4 percentage points in 2017. On this basis, and assuming that the site in Switzerland continues to develop favorably, the Management Board has reaffirmed its guidance for earnings in 2017. The Group's EBIT margin before purchase price allocation is expected to be around 9 to 10%. ElringKlinger's medium-term revenue and earnings targets have also been confirmed.

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 8,700 people at 47 ElringKlinger Group locations around the globe.