euro adhoc: ElringKlinger AG
Quarterly or Semiannual Financial Statements /
ElringKlinger has improved noticeably in the second quarter
The half-yearly
figures are on target
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.08.2005
The ElringKlinger Group achieved a clear growth in sales and earnings in the second quarter of 2005. The half-yearly figures in sales and earnings are on target. Sales rose in the second quarter by 7.0 percent to EUR 123.0 million (EUR 114.9 million for the previous year). In the first half of the year net sales were EUR 240.0 million, an increase of 3.2 percent over the first half of 2004 (EUR 232.5 million). Earnings before interest and taxes for the second quarter rose from EUR 19.2 million for the previous year to EUR 21.0 million (plus 9.4 percent). Earnings before interest and taxes for the first half of the year rose from EUR 38.8 million to EUR 41.0 million (plus 5.7 percent). ElringKlinger increased its pre-tax earnings in the second quarter by 10.8 percent to 19.5 million (EUR 17.6 million for the same period in the previous year). In the period January to June 2005 this was EUR 38.0 million, against EUR 35.6 million for the comparable period of the previous year (plus 6.7 percent). Net income in the second quarter was increased by 11.2 percent to EUR 11.9 million (EUR 10.7 million for the second quarter 2004). Earnings for the half year of EUR 23.5 million were up 6.8 percent on the comparable period of the previous year (EUR 22.0 million). ElringKlinger does not expect any significant trend for economic growth during the rest of the year. Sales and earnings of the ElringKlinger Group will continue to grow in 2005, in spite of ongoing economic weakness in the automotive industry. Provided that no essential external events will occur to deflate the worldwide economy, ElringKlinger continues to believe that the planned growth in sales and earnings will be achieved for 2005 as a whole.
The quarterly financial report is published on the Internet at www.elringklinger.de/q2e
end of announcement euro adhoc 10.08.2005 09:05:22
Further inquiry note:
Martin Link
IR-Manager
+49(0)7123 723-137
martin.link@elringklinger.de
Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, Prime Standard, CDAX, Classic All Share, Prime All
Share
Börsen: Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Baden-Württembergische Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing