DGAP-News: ElringKlinger AG / Key word(s): Preliminary Results Preliminary results for FY 2015: ElringKlinger increases revenue to over EUR 1.5 billion 26.02.2016 / 07:39 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Preliminary results for FY 2015: ElringKlinger increases revenue to over EUR 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, 2016 Dettingen/Erms (Germany), February 26, 2016 +++ The ElringKlinger Group maintained its consistent trajectory of growth in the financial year just ended. Based on preliminary figures for 2015, Group sales revenue expanded by 13.7 % in total to reach EUR 1,507.3 (1,325.8) million. Taking into account the effects of currency translation and the revenue contribution from the entity acquired in the US, organic growth amounted to 79.7 million or 6.0 %. In expanding at this rate, ElringKlinger again by far outpaced the global automotive market, which grew by around 2%. The effects of foreign exchange rates were attributable primarily to a weak euro, particularly against the US dollar, the Chinese yuan, and the Swiss franc. Overall, the effects of currency translation were equivalent to EUR 69.6 million. Additionally, the US acquiree M&W Manufacturing Co. contributed revenue totaling EUR 32.2 million. This entity was fully consolidated effective from February 14, 2015, and integrated into the Group over the course of the financial year as ElringKlinger Automotive Manufacturing, Inc. Clean Group EBIT before purchase price allocation stood at EUR 140.4 million, compared to a prior-year figure of EUR 162.3 million. This includes exceptional charges of EUR 34 million relating to the Original Equipment segment. Unexpectedly strong demand in one of this segment's divisions had led to capacity constraints, necessitating extra shifts and unscheduled consignments. As a result, the earnings forecast for 2015 had to be adjusted to a range of between EUR 135 and 145 million as part of the most recent guidance. "The company saw revenue exceed the mark of EUR 1.5 billion for the first time in fiscal 2015. Our organic growth of six percent is exactly within the 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 of capacity utilization within the Original Equipment segment, he commented as follows: "The measures initiated to address this issue are already having a visibly positive effect. This illustrates that the unit in question is now back on the right track." ElringKlinger will publish its full and final results for the 2015 financial 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 price allocation Clean EBIT margin 9.3% 12.2% -2.9 pp before purchase price allocation Purchase price 5.2 3.4 +1.8 allocation One-offs - 4.9 -4.9 EBIT 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 price allocation Clean EBIT margin 7.1% 10.2% -3.1 pp before purchase price allocation Purchase price 1.3 0.8 +0.5 allocation One-offs - 4.9 -4.9 EBIT 26.2 29.2 -3.0 -10.3% For further information, please contact: ElringKlinger AG Dr. Jens Winter Investor Relations/Corporate PR Max-Eyth-Straße 2 D-72581 Dettingen/Erms Germany Fon +49 7123 724-88335 Fax +49 7123 724-85 8335 E-mail [email protected] 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 our expertise in lightweight engineering, we 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 our abilities as an innovator, we are committed to sustainable mobility and earnings-driven growth. These efforts are supported by our dedicated workforce of more than 7,900 people at 45 ElringKlinger Group locations around the globe. --------------------------------------------------------------------------- 26.02.2016 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. 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: [email protected] 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 --------------------------------------------------------------------------- 440515 26.02.2016