DGAP-News

ElringKlinger records organic growth of 5.6% in second quarter of 2016

DGAP-News: ElringKlinger AG / Key word(s): Half Year Results/Quarter Results
ElringKlinger records organic growth of 5.6% in second quarter of 2016

04.08.2016 / 07:37
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

ElringKlinger records organic growth of 5.6% in second quarter of 2016

- Revenue up by 2.9% to EUR 391 million, organically by as much as 5.6%

- EBIT before purchase price allocation down by EUR 3.4 million or 8.6%
quarter on quarter to EUR 36.2 million

- This figure includes trailing exceptional costs of EUR 4 million in the
Original Equipment segment

- Guidance for FY 2016: 5 to 7% organic revenue growth and EBIT pre PPA
of EUR 140 to 150 million expected

Dettingen/Erms (Germany), August 4, 2016 +++ The ElringKlinger Group
maintained its trajectory of revenue growth in the second quarter. Revenues
increased by EUR 11.2 million or 2.9% compared to the same quarter a year
ago, taking the figure to EUR 390.9 (379.7) million. In this context,
currency translation - primarily with regard to the Mexican peso, Swiss
franc, and Chinese yuan - had an adverse effect on figures for the
reporting quarter equivalent to EUR 11.7 million or 3.1%. Additionally,
revenues include a contribution of EUR 1.6 million from COdiNOx Beheer
B.V., which has been fully consolidated within the Group since April 11,
2016. Taking into account the aforementioned factors relating to foreign
exchange rates and the corporate acquisition, revenue showed organic growth
of EUR 21.3 million or 5.6%.

"Our growth in revenue in particular is indicative of the success of recent
efforts to internationalize our business," says Dr. Stefan Wolf, Chief
Executive Officer of ElringKlinger AG. "We have continued to invest in
Germany, while also expanding our network of sites worldwide. This is a key
factor in strategic terms, as our global presence in particular has allowed
us to evolve into a partner for pioneering supply-side projects, as
evidenced by the recent order we received for door module carriers."

The situation in terms of ElringKlinger's order books also remains
encouraging. In the second quarter, the Group recorded incoming orders
encompassing a volume of EUR 441.2 million. Thus, order intake rose by EUR
6.1 million or 1.4% compared to the prior-year figure. FX-adjusted, order
intake was up by as much as EUR 16.4 million or 3.8%. Order backlog
improved by 12.6% to EUR 885.2 (786.2) million. Taking into account the