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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

2016-11-17 / 11:24
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:
Baillie Gifford & CoEdinburgh, Scotland
United Kingdom

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 situation2.99 %0 %2.99 %63359990
Previous notification3.07 %0 %3.07 %/

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)
DE00078560231896729 %2.99 %
Total18967292.99 %

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)
Baillie Gifford & Co % % %
Baillie Gifford Overseas Limited % % %

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:
 



2016-11-17 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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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

2016-11-11 / 09:32
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:
Black Creek Investment Management Inc.Toronto, Ontario
Canada

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
09 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 situation2.89 % %2.89 %63359990
Previous notification3.05 % %3.05 %/

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)
DE0007856023018331120 %2.89 %
Total18331122.89 %

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
XPerson 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.).
 Full 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)
 

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:
 



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


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Press Release

ElringKlinger sees growth in revenues and orders in third quarter

DGAP-News: ElringKlinger AG / Key word(s): Quarter Results/9-month figures

2016-11-08 / 07:29
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

ElringKlinger sees growth in revenues and orders in third quarter

- Revenue up by 2.2% to EUR 374.2 million and by 2.5% in organic terms

- EBIT before purchase price allocation down year on year at EUR 32.6 million

- Favorable business conditions reflected in substantial order intake (+14.0%) and comfortable order backlog (+18.2%)

- Outlook for FY 2016 put in more precise terms: EBIT pre PPA more likely to be at the lower end of the EUR 140 to 150 million range targeted by the Group

Dettingen/Erms (Germany), November 8, 2016 +++ ElringKlinger remained on track for growth in the third quarter of 2016. Despite a downturn in production output in the core European markets of Germany, France, and Spain, the Group succeeded in expanding its sales revenue by EUR 8.1 million, or 2.2%, to EUR 374.2 (366.1) million. In this context, foreign currency translation - primarily attributable to the Mexican peso, the Chinese yuan, and the Swiss franc - had a dilutive effect on the overall volume of sales revenue. Excluding currency effects, revenue growth was as high as EUR 12.2 million or 3.3%. Fully consolidated since 2016, Hug Engineering B.V. and Maier Formenbau GmbH contributed a total of EUR 2.8 million, or 0.8%, to this expansion in revenue.

"Our performance in terms of revenue growth was visibly better than that of the market in general within our principal core regions," said Dr. Stefan Wolf, CEO of ElringKlinger AG. "The buoyancy in orders illustrates that ElringKlinger products continue to be in high demand." The Group managed to secure new orders worth EUR 383.7 million in the third quarter, which corresponds to growth of EUR 47.1 million, or 14.0%. FX adjusted, growth within this area was as much as 17.1%. This increase was also reflected in order backlog, which was up EUR 138.0 million, or 18.2%, year on year at EUR 894.7 (756.7) million. Accounting for currency effects, the increase in order backlog was as much as 19.4%.

Group EBIT before purchase price allocation amounted to EUR 32.6 (36.7) million in the third quarter, which was down 11.2% on the figure for the same period a year ago. Alongside higher depreciation/amortization, this was attributable mainly to the substantial fixed operating costs recorded by the Swiss entity faced with capacity constraints. Over the course of the year, improvements seen during the first quarter were eroded to some extent by delays in transferring machinery to the new site in Hungary. While progress was made in the third quarter, the measures put in place have not yet led to a tangible improvement in cost structures. If the migration of manufacturing operations to Hungary is completed by the end of the year to the extent planned by ElringKlinger, the Group will be in a position to exploit its new maneuvering room at the Swiss facility for the purpose of improving cost structures. Exceptional costs, e.g., for external sorting inspections, were scaled back as planned to a negligible level, having previously amounted to as much as approx. EUR 11 million in the first half of the financial year.

The net finance result for the third quarter was slightly better (EUR +2.0 million) than for the same period a year ago, while tax expenses were marginally lower (EUR -1.3 million). As a consequence, earnings per share stood at EUR 0.30, only slightly down on the prior-year figure of EUR 0.32.

ElringKlinger remained largely on track with regard to its other key financial indicators. Although the Group continued to use funds for the purpose of financing its growth and global positioning, capital expenditure (on property, plant, and equipment) in the third quarter was EUR 5.7 million, or 11.7%, down on the figure recorded in the same period a year ago. The figure for the annual period as a whole is still expected to be on a par with the previous year's level. Net working capital rose by EUR 9.8 million, or 1.8%, to EUR 541.1 million. At EUR 1.8 million, the Group generated positive operating free cash flow again in the third quarter. As a result, at EUR -4.1 million, the figure for the first nine months was just slightly negative. It is still expected to be just marginally into negative territory - at a low to mid-double-digit figure in the million euro range - in the financial year as a whole.

Associations representing the automobile industry and economic research institutes anticipate that global vehicle markets will grow by 2 to 3%. On this basis, ElringKlinger continues to see organic revenue growth for the Group at 5 to 7% in the current financial year. Due in particular to the situation at the Swiss-based entity faced with capacity constraints, it would appear unlikely that EBIT before purchase price allocation for the annual period as a whole will move noticeably above the prior-year level. Instead, it is expected to be positioned toward the lower end of the guidance range of EUR 140 to 150 million.

EUR millionQ3 2016Q3 2015∆ abs.∆ rel.
Order intake383.7336.6+47.1+14.0%
Order backlog894.7756.7+138.0+18.2%
Revenue374.2366.1+8.1+2.2%
of which FX effects  -4.1-1.1%
of which acquisitions  +2.8+0.8%
of which organic  +9.4+2.5%
EBITDA55.156.7-1.6-2.8%
EBIT before purchase price allocation32.636.7-4.1-11.2%
EBIT margin before
purchase price allocation (in %)
8.710.0-1.3PP-
Purchase price allocation1.41.3+0.1-
EBIT31.235.4-4.2-11.9%
Net finance cost-3.6-5.6+2.0+35.7%
EBT27.629.8-2.2-7.4%
Income tax expense7.89.1-1.3-14.3%
Effective tax rate (in %)28.230.4-2.2PP-
Net income (after
non-controlling interests)
19.020.0-1.0-5.0%
Earnings per share (in EUR)0.300.32-0.02-6.3%
Investments (in property,
plant, and equipment)
43.048.7-5.7-11.7%
Operating free cash flow1.8-18.1+19.9+109.9%
Net working capital541.1531.3+9.8+1.8%
Equity ratio (in %)46.946.7+0.2PP-
Net financial liabilities528.8461.0+67.8+14.7%
Employees (as of Sept. 30)8,4337,742+691+8.9%
     
EUR million9M 20169M 2015∆ abs.∆ rel.
Order intake1,248.91,185.7+63.2+5.3%
Order backlog----
Revenue1,150.31,117.2+33.1+3.0%
of which FX effects  -27.5-2.5%
of which acquisitions  +9.3+0.8%
of which organic  +51.3+4.7%
EBITDA166.8172.6-5.8-3.4%
EBIT before purchase price allocation100.8112.9-12.1-10.7%
EBIT margin before
purchase price allocation (in %)
8.810.1-1.3PP-
Purchase price allocation3.63.9-0.3-
EBIT97.2109.0-11.8-10.8%
Net finance cost-12.5-8.6-3.9-45.3%
EBT84.7100.5-15.8-15.7%
Income tax expense23.428.5-5.1-17.9%
Effective tax rate (in %)27.628.4-0.8PP-
Net income (after
non-controlling interests)
58.869.2-10.4-15.0%
Earnings per share (in EUR)0.931.09-0.16-14.7%
Investments (in property,
plant, and equipment)
116.6124.6-8.0-6.4%
Operating free cash flow-4.1-40.4+36.3+89.9%
 

The full quarterly report can be accessed from the ElringKlinger website at
http://www.elringklinger.de/investor/2016-Q3-en.pdf


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 more than 8,400 people at 45 ElringKlinger Group locations around the globe.



2016-11-08 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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Ad-Hoc-Release

ElringKlinger sets progressive course for mobility of the future

  • Acquisition of interests in hofer powertrain Engineering Group and hofer powertrain products GmbH
  • Strategic advancement of ElringKlinger in the area of innovative drive systems for hybrid and all-electric vehicles


Dettingen/Erms (Germany), October 27, 2016  +++  ElringKlinger AG is toacquire a strategic interest of 27% in the engineering company hofer AG. The transaction also encompasses a 53% majority interest of ElringKlinger in the subsidiary hofer powertrain products GmbH operating within the Nürtingen-based group of companies. The purchase price of the entiretransaction is a double-digit figure in the million euro range and will be settled subsequent to closing, which is to take place no earlier than January 1, 2017. As from closing date, the subsidiary will be fully consolidated within ElringKlinger. Hofer AG is an expert system developer to the automotive industry, focusing on systems within the drive train as well measuring, testing, and installation technology. In acquiring the ownership interest, ElringKlinger will benefit from the aforementioned innovatory abilities, particularly in the development and production of alternative drive technologies. The focus in particular is on small-series production within the sports and luxury car segment. Therefore, alongside battery and fuel cell technology, the group's portfolio will include expertise in the field of transmission systems, electric engine, electronics and software. "In taking this logical step, ElringKlinger is further expanding its activities in the area of innovative drive technologies," says Dr. Stefan Wolf, CEO of ElringKlinger AG. "Alongside lightweight components that are independent of the drive system, electromobility will represent an additional key pillar for the future development of the Group." As regards e-mobility, ElringKlinger has until now mainly been operating in the area of and cell contact systems and battery housing. The transaction underscores the strategic direction taken by ElringKlinger, the ambition being to act as one of the first points of contact for automobile manufacturers when it comes to developing and implementing new ideas. The above-mentioned acquisition of an ownership interest extends the Group's key competencies to include drivetrain solutions for hybrid and all-electric systems.

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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

2016-09-08 / 14:53
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
02 Sep 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 situation4.73 %0 %4.73 %63359990
Previous notification2.87 %0 %2.87 %/

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 0007856023029947850 %4.73 %
Total29947854.73 %

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 Company % % %
Capital Group International, Inc. % % %
Capital Guardian Trust Company % % %
 
The Capital Group Companies, Inc. % % %
Capital Research and Management Company % % %
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:
 



2016-09-08 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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