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ElringKlinger sustains strong revenue and earnings growth in third quarter of 2014 - Seite 4
13.9% up on the figure recorded for the same period a year ago. The Group
again exceeded its previous record of EUR 649.1 million achieved in the
preceding quarter.
Annual forecast confirmed - Revenue and earnings growth expected in FY 2014
ElringKlinger has confirmed its forecast for the annual period 2014 as a
whole. For 2014, ElringKlinger anticipates that production output in the
global car market will expand by 2 to 3%. Against this backdrop, the
ElringKlinger Group has forecast that - on the back of revenue totaling EUR
1,175.2 million in the 2013 financial year (ElringKlinger Marusan
Corporation included on a proportionate basis) - its revenue will grow by 5
to 7% organically in 2014, thus outpacing the market as a whole in terms of
percentage growth. The full consolidation of ElringKlinger Marusan
Corporation will additionally contribute around EUR 25 million to Group
revenue. Full inclusion of this lower-margin subsidiary within the Group's
scope of consolidation will have a dilutive effect on the Group EBIT margin
in 2014 (approx. -0.3 percentage points). By contrast, improved capacity
utilization with regard to the production of lightweight components for
trucks following the introduction of Euro VI as well as the anticipated
earnings contribution from organic revenue growth and the improved earnings
performance at Hug should help to raise the Group's aggregate profit margin
slightly in 2014. Adjusted for non-recurring items, EBIT is to rise to a
level of EUR 160 to 165 million.
Contact:
For further information, please contact:
ElringKlinger AG - Investor Relations/Corporate PR
Stephan Haas
Max-Eyth-Straße 2
72581 Dettingen/Erms
Tel.: +49 (0)7123-724-137
E-Mail: stephan.haas@elringklinger.com
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05.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: stephan.haas@elringklinger.de
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard),
Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München
End of News DGAP News-Service
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295086 05.11.2014
whole. For 2014, ElringKlinger anticipates that production output in the
global car market will expand by 2 to 3%. Against this backdrop, the
ElringKlinger Group has forecast that - on the back of revenue totaling EUR
1,175.2 million in the 2013 financial year (ElringKlinger Marusan
Corporation included on a proportionate basis) - its revenue will grow by 5
to 7% organically in 2014, thus outpacing the market as a whole in terms of
percentage growth. The full consolidation of ElringKlinger Marusan
Corporation will additionally contribute around EUR 25 million to Group
revenue. Full inclusion of this lower-margin subsidiary within the Group's
scope of consolidation will have a dilutive effect on the Group EBIT margin
in 2014 (approx. -0.3 percentage points). By contrast, improved capacity
utilization with regard to the production of lightweight components for
trucks following the introduction of Euro VI as well as the anticipated
earnings contribution from organic revenue growth and the improved earnings
performance at Hug should help to raise the Group's aggregate profit margin
slightly in 2014. Adjusted for non-recurring items, EBIT is to rise to a
level of EUR 160 to 165 million.
Contact:
For further information, please contact:
ElringKlinger AG - Investor Relations/Corporate PR
Stephan Haas
Max-Eyth-Straße 2
72581 Dettingen/Erms
Tel.: +49 (0)7123-724-137
E-Mail: stephan.haas@elringklinger.com
---------------------------------------------------------------------
05.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: stephan.haas@elringklinger.de
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard),
Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München
End of News DGAP News-Service
---------------------------------------------------------------------
295086 05.11.2014
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