Newsroom

Announcements

Here you will find an overview of our latest company news.

ElringKlinger AG: Preliminary announcement of the publication of financial reports according to Articles 37v, 37w, 37y of the WpHG [the German Securities Act]

ElringKlinger AG / Preliminary announcement on the disclosure of financialstatements03.03.2017 / 11:35Preliminary announcement of the publication of financial reports accordingto Articles 37v, 37w, 37y 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 30, 2017Date of disclosure / English: March 30, 2017German: www.elringklinger.de/investor/2016-gbag-de.pdfEnglish: www.elringklinger.de/investor/2016-gbag-en.pdfReport: Annual financial report of the groupDate of disclosure / German: March 30, 2017Date of disclosure / English: March 30, 2017German: www.elringklinger.de/investor/2016-gb-de.pdfEnglish: www.elringklinger.de/investor/2016-gb-en.pdfReport: Financial report of the group (half-year/Q2)Date of disclosure / German: August 08, 2017Date of disclosure / English: August 08, 2017German: www.elringklinger.de/investor/2017-q2-de.pdfEnglish: www.elringklinger.de/investor/2017-q2-en.pdf---------------------------------------------------------------------------03.03.2017 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
Learn more
Press Release

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

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

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


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

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

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

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

- Outlook for current financial year on March 30, 2017

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

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

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

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

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

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

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



28.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this
Learn more
Notifications of voting rights

ElringKlinger AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP Voting Rights Announcement: ElringKlinger AG

2016-12-07 / 10:23
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Notification of Major Holdings

1. Details of issuer
ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany

2. Reason for notification
XAcquisition/disposal of shares with voting rights
 Acquisition/disposal of instruments
 Change of breakdown of voting rights
 Other reason:

3. Details of person subject to the notification obligation
Name:City and country of registered office:
The Capital Group Companies, Inc.Los Angeles, Kalifornien
United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached
30 Nov 2016

6. Total positions
 % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
total of both in %
(7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation4.79 %0 %4.79 %63359990
Previous notification5.01 %0 %5.01 %/

7. Notified details of the resulting situation
a. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISINabsolutein %
 direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
DE 0007856023030316220 %4.79 %
Total30316224.79 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodVoting rights absoluteVoting rights in %
%
  Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodCash or physical settlementVoting rights absoluteVoting rights in %
%
   Total %

8. Information in relation to the person subject to the notification obligation
 Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
XFull chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name% of voting rights (if at least held 3% or more)% of voting rights through instruments (if at least held 5% or more)Total of both (if at least held 5% or more)
The Capital Group Companies, Inc. % % %
Capital Research and Management Company3.19 % % %
Capital Group International, Inc. % % %
Capital Guardian Trust Company % % %
 
The Capital Group Companies, Inc. % % %
Capital Research and Management Company3.19 % % %
Capital Group International, Inc. % % %
Capital International Ltd. % % %

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting:
Holding position after general meeting: % (equals voting rights)

10. Other explanatory remarks:
 



2016-12-07 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


show this
Learn more
Press Release

ElringKlinger receives a major lightweight contract from US market

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

Learn more
Notifications of voting rights

ElringKlinger AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP Voting Rights Announcement: ElringKlinger AG

2016-11-21 / 17:09
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Notification of Major Holdings

1. Details of issuer
ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany

2. Reason for notification
XAcquisition/disposal of shares with voting rights
 Acquisition/disposal of instruments
 Change of breakdown of voting rights
 Other reason:

3. Details of person subject to the notification obligation
Name:City and country of registered office:
The Capital Group Companies, Inc.Los Angeles, Kalifornien
United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached
15 Nov 2016

6. Total positions
 % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
total of both in %
(7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation5.01 %0 %5.01 %63359990
Previous notification4.73 %0 %4.73 %/

7. Notified details of the resulting situation
a. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISINabsolutein %
 direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
direct
(Sec. 21 WpHG)
indirect
(Sec. 22 WpHG)
DE 0007856023031713150 %5.01 %
Total31713155.01 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodVoting rights absoluteVoting rights in %
%
  Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of instrumentExpiration or maturity dateExercise or conversion periodCash or physical settlementVoting rights absoluteVoting rights in %
%
   Total %

8. Information in relation to the person subject to the notification obligation
 Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
XFull chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name% of voting rights (if at least held 3% or more)% of voting rights through instruments (if at least held 5% or more)Total of both (if at least held 5% or more)
The Capital Group Companies, Inc. % % %
Capital Research and Management Company3.07 % % %
Capital Group International, Inc. % % %
Capital Guardian Trust Company % % %
 
The Capital Group Companies, Inc. % % %
Capital Research and Management Company3.07 % % %
Capital Group International, Inc. % % %
Capital International Ltd. % % %

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting:
Holding position after general meeting: % (equals voting rights)

10. Other explanatory remarks:
 



2016-11-21 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


show this
Learn more
Social Media
Instagram
Facebook
X
LinkedIn
Xing

Instagram

Everything you need to know about training, studies, careers and working at ElringKlinger.

To Instagram

Facebook

Visit us on Facebook and learn more about our company and our employees.

To Facebook

X

Follow us on X and stay up to date on the latest company news.

To X

LinkedIn

Follow us on LinkedIn and stay up to date on the latest company news.

To LinkedIn

Xing

Follow us on Xing and stay up to date on the latest company news.

To Xing

Instagram
Facebook
X
LinkedIn
Xing