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ElringKlinger AG

ElringKlinger AGM declares dividend increase and stock split - Strong financial year in 2007

Dettingen/Erms (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
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companies/AGM
Stuttgart, Dettingen/Erms, May 30, 2008
+++ SDAX-listed ElringKlinger AG will pay a dividend of EUR 1.40 
(1.25) per share for the 2007 fiscal year.  Additionally, the approx.
700 shareholders attending today's Annual General Meeting at the 
Stuttgart Cultural and Congress Center passed a resolution for a 1:3 
stock split.
Maintaining a dividend policy that allows shareholders to participate
in the company's success in a sustained manner, ElringKlinger AG 
increased its dividend by 12% for fiscal 2007. Since 1997, the total 
dividend payout has risen from EUR 1.4 million to the present figure 
of EUR 26.9 million. Calculated on the basis of consolidated net 
income after minority interests and adjusted for extraordinary 
income, the dividend ratio thus stands at 40%.
The company's shareholders can look back on a successful financial 
year in 2007. The automotive supplier managed to lift sales by 15.0% 
to EUR 607.8 (528.4) million in 2007; consolidated net income after 
minority interests and having deducted non-recurring effects was 
propelled upward by 28.0% to EUR 67.2 (52.5) million. The company's 
stock also performed well. In 2007, ElringKlinger's share price rose 
by almost 70%.
As a result of the stock split approved by shareholders, the overall 
number of shares will increase threefold from 19,200,000 to 
57,600,000. At the date of issue, ElringKlinger's share price will 
thus adjust downwards to a third of its pre-split price. The exact 
date of the initial listing has yet to be set. The stock split will 
have no effect on the company's ownership structures or equity.
Close to 100 percent of the company's 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 2008.
In the foyer of the Liederhalle Cultural and Congress Center the 
company presented the latest trends in the area of "CO2 Reduction", 
focusing on developments within its business segments and at the 
Group's subsidiaries.
Visitors showed a particularly keen interest in the glass exhaust 
tract displayed by the company as well as the pioneering 
contributions made by ElringKlinger AG with regard to fuel cell 
research. Acquired as recently as April, former SEVEX AG - now 
trading as ElringKlinger Abschirmtechnik Schweiz AG - showcased its 
new thermal shielding solutions deployed within the area of vehicle 
underbodies.
Despite a challenging market environment, the Group anticipates 
growth in sales and earnings for 2008. "We are determined to continue
on the path of growth witnessed in recent years. We again plan to 
direct significant investments at research and development as well as
machinery and production plant," said ElringKlinger AG's CEO, Dr. 
Stefan Wolf, when addressing the company's shareholders. "Within this
context, our focus will be on solutions tailored to the core 
requirements of today's automobile industry: the lowering of emission
levels, the reduction of fuel consumption and the use of alternative 
drive concepts," said Wolf.
end of announcement                               euro adhoc

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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Stuttgart / regulated dealing

Plus de actualités: ElringKlinger AG
Plus de actualités: ElringKlinger AG