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ElringKlinger AG

ElringKlinger raises dividend by 25% - AGM in Stuttgart looks back on encouraging fiscal 2006

Dettingen/Erms (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
Stuttgart, Dettingen/Erms, May 25, 2007
+++ SDAX-listed ElringKlinger AG will pay a dividend of EUR 1.25 
(1.00) per share for the 2006 fiscal year. Attended by more than 600 
shareholders, today's Annual General Meeting at the Kultur- und 
Kongresszentrum conference center in Stuttgart agreed a 25% dividend 
increase. The total dividend payment thus amounts to EUR 24 million.
Thus, ElringKlinger AG has again underlined its commitment to a 
dividend policy that allows shareholders to participate in the 
company's success in a sustained manner. Since 1997, the total 
dividend payout has risen from EUR 1.4 million to EUR 24.0 million. 
The proportion of profit distributed for 2006, calculated on the 
basis of consolidated net income after minority interests, thus stood
at 41.6%.
The company's shareholders can look back on a successful financial 
year in 2006. The automotive supplier managed to lift sales revenues 
by 11.3% to EUR 528.4 (474.6) million in 2006; consolidated net 
income after minority interests was propelled upward by 36.3% to EUR 
57.8 (42.2) million. What is more, the encouraging business trend has
continued into the 2007 fiscal year.
The company's stock also performed well. Since the beginning of 2007,
ElringKlinger's share price has risen by 44%.
100 percent of shareholders voted in favor of formally approving the 
actions of the Management Board and Supervisory Board. KPMG Deutsche 
Treuhand-Gesellschaft Aktiengesellschaft 
Wirtschaftsprüfungsgesellschaft was again appointed as auditor for 
the fiscal year 2007.
In the foyer of the conference center in Stuttgart the company 
presented the latest developments within its various business units 
under the heading "Growth for the future". Those attending the event 
were particularly interested in the fuel cell components and 
high-performance plastic products developed by ElringKlinger's 
Engineered Plastics division.
The Group has forecast further growth in sales revenues and earnings 
for 2007. "We are determined to continue on the successful path of 
growth witnessed in recent years. For this purpose, we intend to 
invest more than EUR 60 million over the course of this year," said 
Chairman of the Management Board of ElringKlinger AG, Dr. Stefan 
Wolf, at the meeting. "Within this context, we will be focusing on 
the three core requirements of the automobile industry: the reduction
of fuel consumption, the lowering of emission levels and the use of 
alternative energies and drive concepts. Committed to innovation and 
benefiting from our market position, we are well on the way to 
achieving our goals for the current 2007 fiscal year, despite the 
challenges of today's automobile markets. Sales revenues are to be 
expanded by 5 to 7%, while net consolidated income after minority 
interests adjusted for the one-off positive corporation tax effect in
2006 is  to grow by around 10%," said Wolf.
end of announcement                               euro adhoc 25.05.2007 13:38:52

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 von: ElringKlinger AG, übermittelt durch news aktuell

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