Newsroom

Announcements

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

Press Release

ElringKlinger subsidiary Hug Engineering AG acquires COdiNOx Beheer Group

DGAP-News: ElringKlinger AG / Key word(s): Takeover2016-03-18 / 11:15The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), March 18, 2016 +++ Hug Engineering AG, aspecialist in exhaust gas purification systems based in Elsau, Switzerland,has acquired an additional 80% of the ownership interests in COdiNOx BeheerB.V., a company headquartered in Enschede, Netherlands. It thus holds 90%of the interests in this entity. The other 10% interest remains with theformer majority owner. The purchase agreements were signed at the end ofFebruary 2016.Closing of the takeover deal is dependent, among other aspects, on themerger of four subsidiaries of COdiNOx Beheer B.V. into the parent company.The transaction is expected to be closed in April 2016. The company willsubsequently be renamed as Hug Engineering B.V. The acquiree is to beincluded in the scope of consolidation of the Hug Engineering Groupretrospectively as of January 1, 2016.COdiNOx Beheer B.V. has been a distribution and service partner to HugEngineering for the past 20 years. It encompasses the subsidiaries SootTechB.V., SootTech Marine B.V., Hanwel Environment and Energy B.V., andCOdiService B.V. Hanwel E&E holds the exclusive distribution rights toCOdiNOx systems produced by Hug Engineering and used as flue gas scrubbersin greenhouses. SootTech B.V. distributes the full range of Hug systems formobile applications. Hug Engineering has held a 10% interest in theaforementioned companies for the last ten years.As Mark Fellmann, Managing Director of Hug Engineering AG, pointed out:"This acquisition is aimed at exploiting synergies and leveraging growthpotential for Hug exhaust gas purification systems. Our intention is tofurther extend our solid, well-established business relationship and driveforward efforts to cultivate new markets."COdiNOx Beheer B.V. currently employs 19 people, who will be taken on bythe new subsidiary Hug Engineering B.V. The management structures in theNetherlands will remain unchanged.__________________________________________________________________________For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations / Corporate PRMax-Eyth-Straße 272581 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 ourexpertise in lightweight engineering, we can make a decisive contributionto efforts aimed at further reducing vehicle weight and thus fuelconsumption. The company's portfolio centered around emissions reductionalso includes particulate filters and end-to-end exhaust gas purificationsystems used in ships, commercial vehicles, construction machinery andstationary engines as well as in power stations. This is complemented byproducts made of the high-performance plastic PTFE supplied byElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying our abilities as an innovator, we are committed tosustainable mobility and earnings-driven growth. These efforts aresupported by our dedicated workforce of more than 7,900 people at 45ElringKlinger Group locations around the globe.About Hug Engineering AGHug Engineering's core business is the development, manufacturing,engineering, sales and servicing of exhaust gas purification systems. Thecompany has been providing standard as well as tailor-made solutions toit's customers for more than 30 years. Because of innovation and know-how,Hug Engineering has become one of the world's leaders in the area of dieselparticle filters and catalytic exhaust after treatment for stationary andmobile applications.---------------------------------------------------------------------------2016-03-18 Dissemination of a Corporate News, transmitted by DGAP - aservice 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.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------------   Language:    English                                                        Company:     ElringKlinger AG                                                            Max-Eyth-Straße 2                                                           72581 Dettingen/Erms                                                        Germany                                                        Phone:       071 23 / 724-0                                                 Fax:         071 23 / 724-9006                                              E-mail:      jens.winter@elringklinger.com                                  Internet:    www.elringklinger.de                                           ISIN:        DE0007856023                                                   WKN:         785602                                                         Indices:     MDAX                                                           Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;                  Regulated Unofficial Market in Berlin, Dusseldorf,                          Hamburg, Hanover, Munich; Terminbörse EUREX                          End of News    DGAP News Service  
Learn more

ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements

ElringKlinger AG  / Preliminary announcement on the disclosure of financial statements02.03.2016 15:38Preliminary announcement of the publication of quarterly reports and quarterly/interim statements, transmitted byDGAP - 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: Quarterly financial report within the 1st half-year (Q1)Date of disclosure / German: May 04, 2016Date of disclosure / English: May 04, 2016German: www.elringklinger.de/investor/2016-Q1-de.pdfEnglish: www.elringklinger.de/investor/2016-Q1-en.pdfReport: Quarterly financial report within the 2nd half-year (Q3)Date of disclosure / German: November 08, 2016Date of disclosure / English: November 08, 2016German: www.elringklinger.de/investor/2016-Q3-de.pdfEnglish: www.elringklinger.de/investor/2016-Q3-en.pdf02.03.2016 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              GermanyInternet:     www.elringklinger.de End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
Learn more

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 financial statements02.03.2016 15:31Preliminary announcement of the publication of financial reports according to Articles 37v, 37w, 37y of the WpHG [the German Securities Act], transmitted byDGAP - 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, 2016Date of disclosure / English: March 30, 2016German: www.elringklinger.de/investor/2015-gbag-de.pdfEnglish: www.elringklinger.de/investor/2015-gbag-en.pdfReport: Annual financial report of the groupDate of disclosure / German: March 30, 2016Date of disclosure / English: March 30, 2016German: www.elringklinger.de/investor/2015-gb-de.pdfEnglish: www.elringklinger.de/investor/2015-gb-en.pdfReport: Financial report of the group (half-year/Q2)Date of disclosure / German: August 04, 2016Date of disclosure / English: August 04, 2016German: www.elringklinger.de/investor/2016-Q2-de.pdfEnglish: www.elringklinger.de/investor/2016-Q2-en.pdf02.03.2016 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              GermanyInternet:     www.elringklinger.de End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------
Learn more
Press Release

Preliminary results for FY 2015: ElringKlinger increases revenue to over EUR 1.5 billion

DGAP-News: ElringKlinger AG / Key word(s): Preliminary Results2016-02-26 / 07:39The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Preliminary results for FY 2015: ElringKlinger increases revenue to overEUR 1.5 billion  - Revenue improves by 14 % to EUR 1,507 million, organically by 6 %  - Clean EBIT before purchase price allocation totals EUR 140 million  - This includes exceptional charges of EUR 34 million due to capacity    bottlenecks in the Original Equipment segment  - Q4 2015: sales revenue up by 14% to EUR 390 million; clean EBIT before    purchase price allocation at EUR 27 million, which includes EUR 13    million in exceptional charges within the Original Equipment segment  - Outlook for current financial year on March 30, 2016Dettingen/Erms (Germany), February 26, 2016   +++  The ElringKlinger Groupmaintained its consistent trajectory of growth in the financial year justended. Based on preliminary figures for 2015, Group sales revenue expandedby 13.7 % in total to reach EUR 1,507.3 (1,325.8) million. Taking intoaccount the effects of currency translation and the revenue contributionfrom the entity acquired in the US, organic growth amounted to 79.7 millionor 6.0 %. In expanding at this rate, ElringKlinger again by far outpacedthe global automotive market, which grew by around 2%.The effects of foreign exchange rates were attributable primarily to a weakeuro, particularly against the US dollar, the Chinese yuan, and the Swissfranc. Overall, the effects of currency translation were equivalent to EUR69.6 million. Additionally, the US acquiree M&W Manufacturing Co.contributed revenue totaling EUR 32.2 million. This entity was fullyconsolidated effective from February 14, 2015, and integrated into theGroup over the course of the financial year as ElringKlinger AutomotiveManufacturing, Inc.Clean Group EBIT before purchase price allocation stood at EUR 140.4million, compared to a prior-year figure of EUR 162.3 million. Thisincludes exceptional charges of EUR 34 million relating to the OriginalEquipment segment. Unexpectedly strong demand in one of this segment'sdivisions had led to capacity constraints, necessitating extra shifts andunscheduled consignments. As a result, the earnings forecast for 2015 hadto be adjusted to a range of between EUR 135 and 145 million as part of themost recent guidance."The company saw revenue exceed the mark of EUR 1.5 billion for the firsttime in fiscal 2015. Our organic growth of six percent is exactly withinthe corridor of 5 to 7 % per annum targeted by the company," says Dr.Stefan Wolf, CEO of ElringKlinger AG. With regard to the high level ofcapacity utilization within the Original Equipment segment, he commented asfollows: "The measures initiated to address this issue are already having avisibly positive effect. This illustrates that the unit in question is nowback on the right track."ElringKlinger will publish its full and final results for the 2015financial year on March 30, 2016, together with its outlook for 2016.in EUR million            FY 2015     FY 2014                                                  Dif. abs.     Dif. rel.Sales revenue             1,507.3     1,325.8     +181.5        +13.7%of which currency                                 +69.6         +5.3%of which acquisitions                             +32.2         +2.4%of which organic                                  +79.7         +6.0%Clean EBIT before         140.4       162.3       -21.9         -13.5%purchase priceallocationClean EBIT margin         9.3%        12.2%       -2.9 ppbefore purchaseprice allocationPurchase price            5.2         3.4         +1.8allocationOne-offs                  -           4.9         -4.9EBIT                      135.2       154.0       -18.8         -12.2%in EUR million            Q4 2015     Q4 2014                                                  Dif. abs.     Dif. rel.Sales revenue             390.0       340.9       +49.1         +14.4%of which currency                                 +12.7         +3.7%of which acquisitions                             +9.1          +2.7%of which organic                                  +27.3         +8.0%Clean EBIT before         27.5        34.9        -7.4          -21.2%purchase priceallocationClean EBIT margin         7.1%        10.2%       -3.1 ppbefore purchaseprice allocationPurchase price            1.3         0.8         +0.5allocationOne-offs                  -           4.9         -4.9EBIT                      26.2        29.2        -3.0          -10.3%For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations/Corporate PRMax-Eyth-Straße 2D-72581 Dettingen/ErmsGermanyFon +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 ourexpertise in lightweight engineering, we can make a decisive contributionto efforts aimed at further reducing vehicle weight and thus fuelconsumption. The company's portfolio centered around emissions reductionalso includes particulate filters and end-to-end exhaust gas purificationsystems used in ships, commercial vehicles, construction machinery andstationary engines as well as in power stations. This is complemented byproducts made of the high-performance plastic PTFE supplied byElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying our abilities as an innovator, we are committed tosustainable mobility and earnings-driven growth. These efforts aresupported by our dedicated workforce of more than 7,900 people at 45ElringKlinger Group locations around the globe.---------------------------------------------------------------------------2016-02-26 Dissemination of a Corporate News, transmitted by DGAP - aservice 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.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------------   Language:    English                                                        Company:     ElringKlinger AG                                                            Max-Eyth-Straße 2                                                           72581 Dettingen/Erms                                                        Germany                                                        Phone:       071 23 / 724-0                                                 Fax:         071 23 / 724-9006                                              E-mail:      jens.winter@elringklinger.com                                  Internet:    www.elringklinger.de                                           ISIN:        DE0007856023                                                   WKN:         785602                                                         Indices:     MDAX                                                           Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;                  Regulated Unofficial Market in Berlin, Dusseldorf,                          Hamburg, Hanover, Munich; Terminbörse EUREX                          End of News    DGAP News Service  
Learn more
Press Release

ElringKlinger AG: Karl Schmauder steps down from his role as board member

DGAP-News: ElringKlinger AG / Key word(s): Change of Personnel2016-02-23 / 11:11The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Dettingen/Erms (Germany), February 23, 2016   +++ Karl Schmauder, member ofthe Management Board of ElringKlinger AG, stepped down from his role asManagement Board member with immediate effect. Mr. Schmauder had beenresponsible for Original Equipment Sales and New Business Areas.This step had been prompted by differences of opinion between Mr. Schmauderand the other members of the Management Board as to the futureorganizational and strategic alignment of the ElringKlinger Group. Infuture, the Management Board of ElringKlinger will again consist of threemembers. CEO Dr. Stefan Wolf will take over the area of "Original EquipmentSales" from Mr. Schmauder. "New Business Areas" will be overseen by TheoBecker, COO responsible for Production and Technology. Thomas Jessulat willremain responsible for the central functions of Finance/Controlling as wellas IT and the Industrial Parks division.Walter H. Lechler, Chairman of the Supervisory Board, emphasized: "We fullyrespect Mr. Schmauder for the consistency shown in making this decision. Hedeserves our sincere thanks. Mr. Schmauder was instrumental in propellingforward many valuable technical developments and innovations during his 34years of service within the ElringKlinger Group. At the same time, we asthe Supervisory Board are, on the whole, convinced that ElringKlinger'sstrategic positioning is also well judged and promising when it comes tothe future of this company. We as a corporate body support the routecharted by the Management Board.""We as the Management Board would also like to thank Mr. Schmauder for thesolid and constructive partnership established over recent years. Mr.Schmauder has made valuable contributions to develop ElringKlinger from agasket manufacturer to a globally leading technology group," said Dr.Stefan Wolf, Cief Executive Officer of ElringKlinger AG. "There aresituations in which differences of opinion can no longer be reconciled. Inthis case, it is in the interest and for the good of the company to set aclear course. I am pleased that we have reached an amicable agreement withMr. Schmauder. In consistently targeting efficient technologies geared tothe future and focusing on new drive systems as well as innovations beyondthe automotive industry, while remaining realistic about what can beachieved within the market, we have equipped ourselves well to tackle thechallenges that lie ahead."__________________________________________________________________________For further information, please contact:ElringKlinger AG Dr. Jens WinterInvestor Relations / Corporate PRMax-Eyth-Straße 272581 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 ourexpertise in lightweight engineering, we can make a decisive contributionto efforts aimed at further reducing vehicle weight and thus fuelconsumption. The company's portfolio centered around emissions reductionalso includes particulate filters and end-to-end exhaust gas purificationsystems used in ships, commercial vehicles, construction machinery andstationary engines as well as in power stations. This is complemented byproducts made of the high-performance plastic PTFE supplied byElringKlinger Kunststofftechnik, which are marketed to a wide range ofindustries - also to those operating beyond the vehicle manufacturingsector. Applying our abilities as an innovator, we are committed tosustainable mobility and earnings-driven growth. These efforts aresupported by our dedicated workforce of more than 7,900 people at 45ElringKlinger Group locations around the globe.---------------------------------------------------------------------------2016-02-23 Dissemination of a Corporate News, transmitted by DGAP - aservice 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.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------------   Language:    English                                                        Company:     ElringKlinger AG                                                            Max-Eyth-Straße 2                                                           72581 Dettingen/Erms                                                        Germany                                                        Phone:       071 23 / 724-0                                                 Fax:         071 23 / 724-9006                                              E-mail:      jens.winter@elringklinger.com                                  Internet:    www.elringklinger.de                                           ISIN:        DE0007856023                                                   WKN:         785602                                                         Indices:     MDAX                                                           Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;                  Regulated Unofficial Market in Berlin, Dusseldorf,                          Hamburg, Hanover, Munich; Terminbörse EUREX                          End of News    DGAP News Service  
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