13.05.2015
ElringKlinger AG DE0007856023
DGAP-News: ElringKlinger AGM resolves on dividend increase - Broad approval for all items on the agenda
DGAP-News: ElringKlinger AG / Key word(s): AGM/EGM
ElringKlinger AGM resolves on dividend increase - Broad approval for
all items on the agenda
13.05.2015 / 14:57
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ElringKlinger AGM resolves on dividend increase - Broad approval for all
items on the agenda
- Dividend increases 10% to EUR 0.55 (0.50) per share
- Actions of the Management Board and Supervisory Board approved by a
large majority
- Rita Forst, former member of the Management Board of Adam Opel AG, new
member of the Supervisory Board
Stuttgart, Dettingen/Erms (Germany), May, 13, 2015 +++ Addressing around
500 shareholders, shareholder representatives and guests attending today's
AGM at the Cultural and Congress Center Liederhalle in Stuttgart, Dr.
Stefan Wolf, CEO of MDAX-listed ElringKlinger AG, took stock of a 2014
financial year that proved encouraging for the company: "In a market
environment influenced to some extent by geopolitical uncertainties, we
managed to lift sales revenue by 15.3% to EUR 1,325.8 million. Our Group
maintained its momentum of profitable growth." Adjusted earnings before
interest and taxes (EBIT) before purchase price allocation rose to EUR
162.3 (149.8) million. The share of net income attributable to
ElringKlinger shareholders also increased, totaling EUR 105.7 (92.7*)
million.
The proposal by the Management Board and Supervisory Board for a higher
dividend of EUR 0.55 (0.50) per share was approved by the AGM with 99.97%
of the votes. Thus, ElringKlinger will distribute a dividend payout of EUR
34.8 (31.7) million among its shareholders, allowing them to benefit
appropriately from the company's success. Calculated on the basis of
ElringKlinger AG's net income for the year (EUR 58.9 million), the dividend
ratio for the financial year 2014 increased to 59.1% (52.7%).
Supervisory Board elections - Rita Forst appointed as a new member
With the terms in office of the Supervisory Board members representing
ElringKlinger's shareholders having come to an end, the AGM had to cast
their votes for a newly appointed Supervisory Board in 2015. The
shareholder representatives put forward as candidates were re-elected with
large majorities by the AGM. Rita Forst was appointed to the Supervisory
Board as a new member. Until 2012, she had been on the Management Board of
Adam Opel AG.
The other proposals put forward by the company's management were also
passed with a broad consensus. The actions of the Supervisory Board were
ratified with 95.51% of the votes and those of the Management Board with
99.93%. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart, was
re-appointed as the independent auditor for the 2015 financial year. The
compensation system for the Management Board members was approved by the
AGM with 92.18% of the votes.
pure process - the essence of ElringKlinger's unique core competencies
As part of a presentation in the foyer of the Cultural and Congress Center,
shareholders and guests were given an insight into the extensive range of
products of the ElringKlinger Group tailored to the task of emissions
reduction. Those attending showed a particularly keen interest in the
company's innovative lightweight solutions such as cockpit and front-end
carriers. These hybrid polymer-metal components represent a pioneering
technology that brings together the benefits of plastic and metal. It
combines the merits of outstanding rigidity with those of extremely low
weight, thus making a significant contribution to fuel and therefore
emissions reduction.
"These so-called hydroformed hybrids mark ElringKlinger's entry into
lightweight body engineering. This is the result of many years of expertise
in the field of materials and tooling," said CEO Dr. Stefan Wolf. "By the
end of 2020, we will be looking to generate sales revenue of EUR 120 to 130
million within this area."
Outlook 2015
ElringKlinger anticipates that global automobile production will expand by
around 2% in 2015. Based on this assumption, the Group is targeting organic
revenue growth of 5 to 7%. Additionally, the first-time consolidation of
ElringKlinger Automotive Manufacturing (M&W) will contribute around EUR 30
million to Group revenue in the financial year as a whole. Adjusted for
non-recurring items, EBIT before purchase price allocations is expected to
reach around EUR 165 (162.3) million in 2015 as a whole.
*Excl. one-time gain from assumption of control of ElringKlinger Marusan
Corporation (EUR 12.7 million after taxes)
__________________________________________________________________________
Contact:
For further information, please contact:
ElringKlinger AG - Investor Relations/Corporate PR
Sabrina Haufler
Max-Eyth-Straße 2
72581 Dettingen/Erms
Tel.: +49 (0)7123-724-137
E-Mail: [email protected]
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13.05.2015 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.
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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
End of News DGAP News-Service
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357399 13.05.2015
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