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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

2016-08-31 / 14:18
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
23 Aug 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 situation2.87 %0 %2.87 %63359990
Previous notification3.01 %0 %3.01 %/

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 0007856023018193820 %2.87 %
Total18193822.87 %

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:
 



2016-08-31 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

2016-08-26 / 10:06
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:
Atlantic Value General Partner Limited London, United Kingdom
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
19 Aug 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 situation2.94 %0 %2.94 %63,360,000
Previous notification4.99 %0 %4.99 %/

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)
DE00078560231863813 %2.94 %
Total18638132.94 %

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)
Atlantic Value General Partner Limited % % %
Atlantic Value Investment Partnership LP % % %
MIPL Holdings Limited % % %
MIPL Group Limited % % %
Mondrian Investment Partners 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:
 



2016-08-26 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 records organic growth of 5.6% in second quarter of 2016

DGAP-News: ElringKlinger AG / Key word(s): Half Year Results/Quarter Results

2016-08-04 / 07:37
The issuer is solely responsible for the content of this announcement.


ElringKlinger records organic growth of 5.6% in second quarter of 2016

- Revenue up by 2.9% to EUR 391 million, organically by as much as 5.6%

- EBIT before purchase price allocation down by EUR 3.4 million or 8.6% quarter on quarter to EUR 36.2 million

- This figure includes trailing exceptional costs of EUR 4 million in the Original Equipment segment

- Guidance for FY 2016: 5 to 7% organic revenue growth and EBIT pre PPA of EUR 140 to 150 million expected

Dettingen/Erms (Germany), August 4, 2016 +++ The ElringKlinger Group maintained its trajectory of revenue growth in the second quarter. Revenues increased by EUR 11.2 million or 2.9% compared to the same quarter a year ago, taking the figure to EUR 390.9 (379.7) million. In this context, currency translation - primarily with regard to the Mexican peso, Swiss franc, and Chinese yuan - had an adverse effect on figures for the reporting quarter equivalent to EUR 11.7 million or 3.1%. Additionally, revenues include a contribution of EUR 1.6 million from COdiNOx Beheer B.V., which has been fully consolidated within the Group since April 11, 2016. Taking into account the aforementioned factors relating to foreign exchange rates and the corporate acquisition, revenue showed organic growth of EUR 21.3 million or 5.6%.

"Our growth in revenue in particular is indicative of the success of recent efforts to internationalize our business," says Dr. Stefan Wolf, Chief Executive Officer of ElringKlinger AG. "We have continued to invest in Germany, while also expanding our network of sites worldwide. This is a key factor in strategic terms, as our global presence in particular has allowed us to evolve into a partner for pioneering supply-side projects, as evidenced by the recent order we received for door module carriers."

The situation in terms of ElringKlinger's order books also remains encouraging. In the second quarter, the Group recorded incoming orders encompassing a volume of EUR 441.2 million. Thus, order intake rose by EUR 6.1 million or 1.4% compared to the prior-year figure. FX-adjusted, order intake was up by as much as EUR 16.4 million or 3.8%. Order backlog improved by 12.6% to EUR 885.2 (786.2) million. Taking into account the effects of foreign exchange rates, order backlog increased by 15.8% to EUR 910.2 million. This provides the foundation for further organic growth in the future.

In the second quarter, Group EBIT before purchase price allocation amounted to EUR 36.2 (39.6) million, up EUR 4.2 million on the figure posted for the first quarter of 2016 (EUR 32.0 million). However, it was EUR 3.4 million or 8.6% lower compared to the second quarter of 2015. At EUR 4 million, the additional costs associated with the business unit impacted by capacity constraints in 2015 were only slightly above the figure of around EUR 3 million originally anticipated. However, the improvements in earnings seen at the Swiss site during the first quarter failed to progress as planned in the second quarter. As a result, EBIT for the first half as a whole fell well short of original expectations.

By contrast, compared to the prior-year figure (EUR 31.8 million), earnings before taxes (EBT) were slightly better in the second quarter at EUR 32.6 million. This was attributable primarily to the significant reduction in net finance cost to EUR 2.6 (6.5) million, an item influenced favorably by foreign exchange gains. As a consequence, earnings per share stood at EUR 0.36, slightly up on the prior-year figure of EUR 0.33.

The Group's other key performance indicators also proved slightly more positive. Operating free cash flow improved by EUR 4.4 million to EUR -6.6 (-11.0) million, while investments in property, plant, and equipment fell by EUR 4.6 million to EUR 36.1 (40.7) million. Net working capital rose only marginally by 3.4% to EUR 541.6 million, which was due in part to the slight reduction in inventories by the Group.

ElringKlinger anticipates moderate growth of 2 to 3% within the global automobile market in the current financial year. As the Group had fallen short of expectations in terms of earnings in the first two quarters, the outlook for the full fiscal year was adjusted towards the end of July. While a figure of 5 to 7% in organic revenue growth was reaffirmed by the Group, its guidance for EBIT before purchase price allocation currently stands at EUR 140 to 150 million (previously: EUR 160 to 170 million).

EUR millionH1 2016H1 2015∆ abs.∆ rel.
Order intake865.2849.1+16.1+1.9%
Order backlog885.2786.2+99.0+12.6%
Revenue776.1751.1+25.0+3.3%
of which FX effects  -23.4-3.1%
of which acquisitions  +6.5+0.9%
of which organic  +41.9+5.6%
EBITDA111.6115.9-4.3-3.7%
EBIT before purchase price allocation68.276.3-8.1-10.6%
EBIT margin before
purchase price allocation (in %)
8.810.2-1.4PP-
Purchase price allocation2.32.6-0.3-
EBIT66.073.7-7.7-10.4%
Net finance cost-8.9-3.0-5.9+>100%
EBT57.070.7-13.7-19.4%
Taxes on income15.619.5-3.9-20.0%
Effective tax rate (in %)27.427.5-0.1PP-
Net income (after
non-controlling interests)
39.849.2-9.4-19.1%
Earnings per share (in EUR)0.630.78-0.15-19.2%
Investments (in property,
plant, and equipment)
73.675.9-2.3-3.0%
Operating free cash flow-5.9-22.3+16.4+73.5%
Net working capital541.6523.6+18.0+3.4%
Equity ratio (in %)46.347.0-0.7PP-
Net financial liabilities532.1442.6+89.5+20.2%
Employees (as of June 30)8,2837,595+688+9.1%
     
EUR millionQ2 2016Q2 2015∆ abs.∆ rel.
Order intake441.2435.1+6.1+1.4%
Order backlog885.2786.2+99.0+12.6%
Revenue390.9379.7+11.2+2.9%
of which FX effects  -11.7-3.1%
of which acquisitions  +1.6+0.4%
of which organic  +21.3+5.6%
EBITDA58.559.8-1.3-2.2%
EBIT before purchase price allocation36.239.6-3.4-8.6%
EBIT margin before
purchase price allocation (in %)
9.310.4-1.1PP-
Purchase price allocation1.01.3-0.3-
EBIT35.238.3-3.1-8.1%
Net finance cost-2.6-6.5+3.9+60.0%
EBT32.631.8+0.8+2.5%
Taxes on income9.19.8-0.7-7.1%
Effective tax rate (in %)27.930.8-2.9PP-
Net income (after
non-controlling interests)
22.621.0+1.6+7.6%
Earnings per share (in EUR)0.360.33+0.03+9.1%
Investments (in property,
plant, and equipment)
36.140.7-4.6-11.3%
Operating free cash flow-6.6-11.0+4.4+40.0%
 

The full quarterly report can be accessed from the ElringKlinger website at http://www.elringklinger.de/investor/2016-q2-en.pdf


For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Germany
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 8,200 people at 45 ElringKlinger Group locations around the globe.



2016-08-04 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's preliminary quarterly results point to sustained growth without advancement in earnings

ElringKlinger AG  / Key word(s): Preliminary Results/Change in Forecast21.07.2016 17:33Disclosure of an inside information according to Article 17 MAR,transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ElringKlinger's preliminary quarterly results point to sustained growthwithout advancement in earnings  - Revenue for Q2 2016 up 2.9% at EUR 390.9 million  - EBIT before purchase price allocation down by EUR 3.4 million to EUR    36.2 million  - Adjustment to guidance for 2016: EBIT before purchase price allocation    expected to be EUR 140 to 150 million; revenue target unchanged at 5 to    7% organic growthDettingen/Erms (Germany), July 21, 2016   +++  Based on preliminary figuresfor the second quarter of 2016, organic revenue growth for theElringKlinger Group stood at 5.6%, which is within the target corridor of 5to 7%. However, as earnings failed to advance at the level originallyplanned and anticipated by the company, the guidance figure for EBIT beforepurchase price allocation in respect of the current financial year has beenrevised to a range of EUR 140 to 150 million.Revenue continues to show solid growthOn the back of EUR 379.7 million in the same quarter a year ago, the Groupmanaged to lift revenue by 2.9% to EUR 390.9 million in the second quarterof 2016. Adjusted for foreign exchange movements, growth was as high as EUR22.9 million or 6.0%. This figure includes revenue of EUR 1.6 millioncontributed by COdiNOx Beheer B.V., a subsidiary that has been fullyconsolidated effective from April 11, 2016. Taking into account theaforementioned acquisition and FX effects, organic growth in the secondquarter amounted to EUR 21.3 million or 5.6%.Q2 earnings without any significant impetusAt EUR 36.2 million, second-quarter EBIT before purchase price allocationwas down by EUR 3.4 million on the figure recorded in the same quarter ayear ago. This was attributable primarily to capacity constraintsafflicting a business unit within the Original Equipment segment; itssubstantial fixed costs at an operational level offset the earningscontribution associated with additional revenue. At EUR 4 million, theadditional costs - mainly for unscheduled freight consignments and externalquality control - in the second quarter were just slightly higher than thefigure of around EUR 3 million originally budgeted. At the same time,however, the scale of improvements seen at the Swiss facility during thefirst quarter was not as pronounced as expected in the subsequent period.This was due to the fact that staffing levels had had to be increasedslightly in order to safeguard output volumes, while it had also not beenpossible to scale back external storage resources required for logistics.Migration of part of the manufacturing operations to Hungary proved slowerin the second quarter than originally planned, as it took much longer thananticipated in some cases to secure the customer approvals required in theautomotive industry with regard to such relocations; in some cases, theseauthorizations are still outstanding. While quality control activities werereintegrated as planned, these measures failed to provide the rapid boostto earnings that had previously been expected. With this in mind, theManagement Board has responded to the changed situation and will step upits measures further within this area. This will mainly involveintensifying the company's dialogue with customers to ensure fasternearshoring and more efficient internal and external quality control. Inturn, this will provide the basis for streamlining personnel costs.Adjustment of earnings expectations for current financial yearIn terms of earnings performance, the Group has fallen short of its ownexpectations in the first two quarters. Against this backdrop,ElringKlinger anticipates, at most, a slight year-on-year improvement inearnings for the transitional year of 2016 and has now set a guidance EBIT,before purchase price allocation, of EUR 140 to 150 million (previously:EUR 160 to 170 million). As regards revenue, the Group has reaffirmed itsoutlook of organic growth in the range of 5 to 7%."Naturally, we are disappointed at our loss in forward momentum with regardto earnings," said Dr. Stefan Wolf, Chief Executive Officer ofElringKlinger AG. "At the same time, we are confident that partialrelocation to a more cost-effective site and optimization of the facilityin Switzerland are incisive adjustments when it comes to ensuring thesustained development of the entire unit in question," as Dr. Wolf went onto explain.ElringKlinger's medium-term outlook remains unchanged: the Group will belooking to achieve annual revenue growth of 5 to 7% at an organic level andan EBIT margin of 13 to 15% before purchase price allocation.The full financial report for the second quarter and first half of 2016will be published on Thursday, August 4, 2016.In connection with this announcement, a conference call will be arrangedwith CEO Dr. Stefan Wolf and CFO Thomas Jessulat on Friday, July 22, 2016,at 10:00 hrs (CET) for the purpose of elucidating the points presentedabove.EUR million             H1 2016      H1 2015     Dif. abs.     Dif. rel.Revenue                   776.1        751.1         +25.0         +3.3%of which FX                                          -23.4         -3.1%effectsof which                                              +6.5         +0.9%acquisitionsof which organic                                     +41.9         +5.6%Adjusted EBIT              68.2         76.3          -8.1        -10.6%beforepurchase priceallocationAdjusted EBIT              8.8%        10.2%        -1.4PP             -margin beforepurchase priceallocation (in %)Purchase price              2.3          2.6          -0.3             -allocationEBIT                       66.0         73.7          -7.7        -10.4%EUR million             Q2 2016      Q2 2015     Dif. abs.    Dif. rel.Revenue                   390.9        379.7         +11.2        +2.9%of which FX                                          -11.7        -3.1%effectsof which                                              +1.6        +0.4%acquisitionsof which organic                                     +21.3        +5.6%Adjusted EBIT              36.2         39.6          -3.4        -8.6%beforepurchase priceallocationAdjusted EBIT              9.3%        10.4%        -1.1PP            -margin beforepurchase priceallocation (in %)Purchase price              1.0          1.3          -0.3            -allocationEBIT                       35.2         38.3          -3.1        -8.1%For further information, please contact:ElringKlinger AGDr. Jens WinterInvestor Relations / Corporate PRMax-Eyth-Straße 2D-72581 Dettingen/ErmsGermanyPhone: +49 7123 724-88335Fax: +49 7123 724-85 8335E-mail: jens.winter@elringklinger.comAbout ElringKlinger AGElringKlinger has focused its efforts on developing forward-looking greentechnologies. These are designed not only to reduce CO2 emissions but alsoto scale back the level of harmful nitrogen oxides, hydrocarbons, and sootparticles. ElringKlinger is one of the few automotive suppliers worldwidewith the capabilities of developing and producing high-tech components forall types of drive system - whether for downsized combustion engines or forelectric vehicles driven by batteries or fuel cells. Drawing on itsexpertise in lightweight engineering, ElringKlinger can make a decisivecontribution to efforts aimed at further reducing vehicle weight and thusfuel consumption. The company's portfolio centered around emissionsreduction also includes particulate filters and end-to-end exhaust gaspurification systems used in ships, commercial vehicles, constructionmachinery, and stationary engines as well as in power stations. This iscomplemented by products made of the high-performance plastic PTFE suppliedby ElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying its abilities as an innovator, ElringKlinger is committedto sustainable mobility and earnings-driven growth. These efforts aresupported by a dedicated workforce of more than 8,200 people at 45ElringKlinger Group locations around the globe.21.07.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ElringKlinger AG              Max-Eyth-Straße 2              72581 Dettingen/Erms              GermanyPhone:        071 23 / 724-0Fax:          071 23 / 724-9006E-mail:       jens.winter@elringklinger.comInternet:     www.elringklinger.deISIN:         DE0007856023WKN:          785602Indices:      SDAXListed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart;              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,              Hanover, Munich, Tradegate Exchange; Terminbörse EUREX End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

04.07.2016 / 14:13
The issuer is solely responsible for the content of this announcement.


1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name:Gabriele
Last name(s):Sons

2. Reason for the notification

a) Position / status
Position:Member of the administrative or supervisory body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
Acquisition

c) Price(s) and volume(s)
Price(s)Volume(s)
18.00EUR10800.00EUR

d) Aggregated information
PriceAggregated volume
18.00EUR10800.00EUR

e) Date of the transaction
2016-06-24 UTC

f) Place of the transaction
Name:Frankfurt Stock Exchange
MIC:FRAA



04.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



26215  04.07.2016 

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