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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

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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