ElringKlinger AG

euro adhoc: ElringKlinger AG
Financial Figures/Balance Sheet
Elring Klinger AG: Results for Q3 2005 and January 1 - Sept. 30, 2005

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 15.11.2005 ElringKlinger achieves 4 percent growth in sales revenues and 7 percent growth in net earnings in the first nine months Dettingen/Erms (Germany), November 15, 2005 --- The ElringKlinger Group, a supplier to the car industry worldwide for sealing technology, housing modules and shielding systems, was able to grow sales revenues in the first nine months of 2005 by 3.9 percent to Euro 360.0 mn (346.5). The business with new products in the field of transmissions as well as the growth with product solutions in growing markets for shielding parts contributed to the increase. The Engineered Plastics segment, which was able to increase sales revenues by 13,8 percent to Euro 40.3 (35.4) mn showed dynamic development. The Spare Parts business was a significant growth driver with a 6.7 percent increase in sales revenues to Euro 65.4 mn (61.3). The Original Equipment (OEM) segment grew by 1.6 percent to Euro 246.5 mn (242.5). Sales revenues in the OEM business grew in Q3 by 3.6 percent. Group sales revenues in Q3 rose 5.3 percent to Euro 120.0 mn (114.0) overall, despite longer plant holidays of some major customers and noticeably weaker passenger car production in Western Europe. Operating results in the first nine months increased to Euro 59.1 mn (58.4). ElringKlinger therewith achieved an EBIT margin of 16.4 percent (16.8). As a result of disproportionately high R&D expenses, which increased 12.7 percent, and non-recurring other operating expenses for guarantee services, which increased Euro 1.0 mn or 41.7 percent, operating results in Q3 remained at the previous year’s level with Euro 19.4 (19.6) mn. The company earned 6.9 percent more before taxes in the first nine months and increased earnings before taxes to Euro 57.0 (53,3) mn. Earnings before taxes in Q3 also climbed disproportionately to the growth in sales revenues by 7.3 percent to Euro 19.0 (17.7) mn. Net earnings increased by 7.0 percent from Euro 32.8 mn to Euro 35.1 mn compared to the corresponding nine-month period of the previous year. Taxation in Q3 came in at 38.9% and was above the nine-month average tax rate of 38.4 percent. Q3 saw a 7.4 percent growth in net earnings to Euro 11.6 (10.8) mn. The company has continued to generate cash on a sustainable basis: The operating cash flow in Q3 increased 19.0 percent to Euro 20.0 mn (16.8). Earnings per share according to IFRS increased by 9.2 percent after nine months from Euro 1.52 to Euro 1.66. The company raised earnings per share in Q3 by 10 percent to Euro 0.55 (0.50). ElringKlinger prepared the ramp-up of new products and capacity expansions with capital expenditures in plant, property and equipment to the tune of Euro 35.6 (31.8) mn in the first nine months. Capital expenditures (fixed and intangible assets) as a percentage of sales amounted to 9.9%. The company is on track for the full year and continues to assume growth in sales revenues and earnings. ElringKlinger Group expects to continue growing around the globe in 2006. As a result of new product launches, the expansion of the product portfolio, a clearly increasing share of new products in Original Equipment as well as due to the further expansion of the spare parts business under the Elring brand ElringKlinger Group plans to increase sales revenues, operating results and net earnings by organic growth in the 2006 financial year as well. end of announcement euro adhoc 15.11.2005 08:26:38 -------------------------------------------------------------------------------- ots Originaltext: ElringKlinger AG Im Internet recherchierbar: http://www.presseportal.de 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 Berliner Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / free trade Bremer Wertpapierbörse (BWB) / free trade Baden-Württembergische Wertpapierbörse / official dealing

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