16.05.2018 ElringKlinger AG  DE0007856023

DGAP-News: Annual General Meeting approves dividend of EUR 0.50 per share

DGAP-News: ElringKlinger AG / Key word(s): AGM/EGM
Annual General Meeting approves dividend of EUR 0.50 per share

16.05.2018 / 15:30
The issuer is solely responsible for the content of this announcement.


Annual General Meeting approves dividend of EUR 0.50 per share

- Dividend volume remains stable year on year at EUR 31.7 million;
dividend ratio improves to 45.3%

- Actions of Management Board and Supervisory Board approved by a large
majority in both cases

- Review 2017 and outlook 2018: key strategic milestones for future business

Stuttgart, Dettingen/Erms (Germany), May 16, 2018 +++ The shareholders of
ElringKlinger AG approved a dividend of EUR 0.50 per share for the 2017
financial year at the company's Annual General Meeting (AGM) in Stuttgart.
The dividend payment is to be completed on May 22, 2018, the third business
day subsequent to the resolution passed by the AGM. All investors holding
shares in ElringKlinger AG on May 16, 2018, are entitled to a dividend.

As part of his review of 2017, CEO Dr. Stefan Wolf looked back on a
financial year that included important strategic milestones with regard to
future business development. "In taking these strategic steps, we have
brought the Group further in line with the mobility market of the future.
With a product portfolio that includes high-performance fuel cell systems as
well as battery systems and complete electric drive units, ElringKlinger is
well prepared for the dynamic transition facing the automotive industry,"
said Dr. Stefan Wolf.

Among the key events for ElringKlinger during the 2017 financial year were
the investment in the hofer Group transacted in February and March, the
placement in July of a Schuldscheindarlehen (loan granted to the company
against a form of promissory note) - covering a total volume of EUR 200
million - for the first time in its corporate history, the signing of a
cooperation agreement with Chinese battery manufacturer CITC in November,
and an understanding reached in December for the sale of the Hug Group.

In March 2018 the Supervisory Board of ElringKlinger AG made a number of
other far-reaching decisions. Effective from April 1, 2018, a new area of
Management Board responsibility - covering the field of e-mobility - was
introduced under the supervision of Theo Becker. At the same time, Reiner
Drews, who had previously been responsible for the Cylinder-head Gaskets and
Specialty Gaskets divisions, was appointed to the Management Board. As
successor to Theo Becker, he became the Group's new COO. Furthermore, the
Supervisory Board extended the contract of CFO Thomas Jessulat by five years
as from January 1, 2019, i.e., until the end of December 2023.

In addition to charting its strategic course, ElringKlinger again saw its
business grow significantly at an operational level in fiscal 2017. Group
revenue expanded by 6.8% to EUR 1,664 million, while earnings before
interest and taxes totaled EUR 137.3 (135.2) million. In terms of
ElringKlinger's bottom-line result, however, the positive effects of revenue
growth were offset by adverse factors over the course of the year, such as
rising commodity prices, additional costs due to the introduction of SAP at
a Swiss subsidiary, and follow-on costs associated with consistently high
volumes ordered by customers in the NAFTA region as part of their production
scheduling. As a result, net income attributable to shareholders fell to EUR
69.9 (78.6) million.

The shareholders of ElringKlinger AG approved by a majority of 99.96% the
proposal put forward by the Management Board and Supervisory Board for a
dividend of EUR 0.50 (0.50) per share for fiscal 2017, unchanged on the
previous financial year. The total distribution will thus remain stable year
on year at EUR 31.7 million. The dividend ratio is up at 45.3% (40.3%),
i.e., in excess of the Group's dividend policy, as part of which between 30
and 40% of Group net income after non-controlling interests shall be

As regards fiscal 2017, the AGM approved the actions of the Management Board
members with 93.88% and the actions of the Supervisory Board members with
76.92% of the votes. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft was
appointed as the auditor for the financial year 2018.

The AGM, held at the Stuttgart Culture and Congress Center, was attended by
around 800 shareholders and guests. In total, 71.52% of the company's share
capital was represented at the meeting.

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Strategic Communications
Max-Eyth-Straße 2
72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter@elringklinger.com

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to its
customers - with a firm commitment to shaping the future of mobility. Be it
optimized combustion engines, high-performance hybrids, or
environmentally-friendly battery and fuel cell technology, ElringKlinger
provides innovative solutions for all types of drive systems.
ElringKlinger's lightweighting concepts help to reduce the overall weight of
vehicles. As a result, vehicles powered by combustion engines consume less
fuel and emit less CO2, while those equipped with alternative propulsion
systems benefit from an extended range. In response to increasingly complex
combustion engine technology, the Group also continues to make refinements
with regard to gaskets in order to meet the highest possible standards. This
is complemented by solutions centered around thermal and acoustic shielding
technology. Additionally, the Group's portfolio includes products made of
the high-performance plastic PTFE which are also marketed to industries
beyond the automotive sector. These efforts are supported by a dedicated
workforce of more than 9,600 employees at 45 ElringKlinger Group locations
around the globe.


16.05.2018 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


Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
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: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Tradegate Exchange

End of News DGAP News Service

686731 16.05.2018

WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 13,730 Halten 869,93
9,40 17,59 1,06 9,11
Dividende '17e in € Dividende '18e in € Div.-Rendite '17
in %
0,50 0,50 3,64 16.05.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2018 07.08.2018 06.11.2018 27.03.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,01% -13,15% -26,48% -23,25%

Weitere Adhoc Mitteilungen zu DE0007856023 können Sie bei DGAP abrufen.... oder [ DGAP - Medientreff abrufen ]