euro adhoc: ElringKlinger AG
Financial Figures/Balance Sheet
ElringKlinger
once again increases sales revenues and earnings in 2005
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
29.03.2006
> Consolidated net income up 15% > EBIT increases by 7% > EUR 1.00 per share dividend proposal > Order backlog 9% above the prior year Dettingen/Erms, March 29, 2006 --- The ElringKlinger Group increased sales revenues and earnings once again in the 2005 financial year. Group sales revenues increased by 3.3% to EUR 474.6 (459.5) million. All of the Groups segments contributed to the rise in sales revenues. Once again, the company profited from the ongoing trend toward diesel engines and from increasingly stricter vehicle emissions legislation worldwide. Sales revenues in the Original Equipment segment increased by 1.3% to EUR 329.9 (325.8) million. Sales revenues in the Aftermarket segment increased by 5.4 % to EUR 81.2 (77.1) million. ElringKlinger generated considerable growth in Asia, where sales revenues increased by 14.9% to EUR 42.4 (36.9) million; the company continues to see considerable growth potential in this region. Sales revenues in the Engineered Plastics segment, which primarily designs and manufactures products from the high-performance plastic PTFE, increased by 13.1% to EUR 53.2 (47.0) million Further increase in raw materials and energy prices created a burden in 2005. The Group's cost of sales increased by 4.3% to EUR 318.0 (305.0) million. Despite the changes in market interest rates which required an additional increase in pension provisions by EUR 3.5 million, operating earnings still increased by 3.7% to EUR 75.0 (72.3) million. The ElringKlinger Group is currently considering the implementation of a CTA (contractual trust agreement) model as a means of outsourcing its pension obligations. EBIT (earnings before interest and taxes, including currency translation) outpaced the growth in sales revenues with an increase of 7.3% to EUR 77.2 million, following EUR 71.9 million in the prior year. The EBIT margin amounted to 16.3% following 15.7% in the prior year. Earnings before taxes increased by EUR 5.7 million to EUR 70.9 (65.2) million, an increase of 8.8% over the prior year. Consolidated net income increased by 15.3% from EUR 40.4 million in the prior year to EUR 46.6 million. Consolidated net income after minority interests at ElringKlinger increased by 17.6% to reach EUR 42.4 (36.0) million. Earnings per share according to IFRS increased by 17.6 % to EUR 2.21 (1.88) million. Based on consolidated net income, earnings per share amounted to EUR 2.43 (2.10). The high net cash from operating activities enabled the Group to finance its growth targets internally and to offer shareholders an attractive dividend. The Management Board and Supervisory Board will propose a dividend of EUR 1.00 (0.88) per share for the 2005 financial year, which corresponds to a total dividend payout of EUR 19.2 (16.8) million. The order backlog in the Original Equipment segment at year-end 2005 amounted to EUR 177.7 (162.8) million, which is 9.2% above the prior year. The Groups order intake increased by 6.1% to EUR 495.4 (466.8) million. Up to now, order intake in 2006 has developed positively. In the first two months of the current year, order intake exceeded the prior years level by more than 10%. Against the background of the current market situation, ElringKlinger expects to increase its organic Group sales revenues by 5 to 7%. Consolidated net income is expected to grow by 10 to 12%. On March 28th, 2006 on the occasion of the Supervisory Board Meeting the former Spokesman of the Management Board Dr. Stefan Wolf has been appointed as Chairman of the Management Board of ElringKlinger AG effective immediately. ________ _____________________________________________________________________ Reproducible pictures available at: www.elringklinger.de/News&Info/PresseReprints free of charge, courtesy copy requested.
end of announcement euro adhoc 29.03.2006 07:36:10
Further inquiry note:
Stephan Haas
Investor Relations Manager
Telefon: +49(0)7123 724-137
E-Mail: stephan.haas@elringklinger.de
Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Baden-Württembergische Wertpapierbörse / official dealing
Original content of: ElringKlinger AG, transmitted by news aktuell