Tous Actualités
Suivre
Abonner ElringKlinger AG

ElringKlinger AG

ElringKlinger AG promoted to MDAX

Dettingen/Erms (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
stock market
Dettingen/Erms, March 5, 2009  +++
After its five-year listing in the SDAX, automotive supplier 
ElringKlinger AG is to be included in the MDAX effective from March 
20, 2009. This decision was announced by Deutsche Börse subsequent in
yesterday´s meeting by the Index Commission.
As regards the first selection criterion, market capitalization of 
free float, ElringKlinger AG was ranked 52th. In terms of share 
volumes traded (liquidity), which forms the second selection 
criterion, the company was placed in 55rd position. To qualify for 
MDAX listing, a company must at least be among the top sixty stock 
corporations to follow DAX-listed entities both in terms of market 
capitalization and stock liquidity.
In recent years, ElringKlinger managed to improve its stock liquidity
by means of several stock splits and the expansion of its 
international shareholder base within the area of free float. In 
relative terms, ElringKlinger shares have been performing stronger 
than other SDAX-listed stock in recent months.  Despite the 
contraction of its share price in 2008, ElringKlinger AG was thus 
able to close the gap between itself and MDAX-listed companies with 
regard to market capitalization.
Dr. Stefan Wolf, CEO of ElringKlinger AG, was delighted with the 
company's inclusion in the MDAX: "This represents an important 
milestone for us.  Of course, it would have been nicer to have 
achieved this in less challenging times for the financial markets." 
Dr. Wolf went on to say that he believed the company would benefit 
from raised public awareness: "An inclusion in the MDAX generally 
leads to greater media and investor interest. Public awareness levels
are usually much higher. On this basis, there is every chance that 
our stock will become more well-known among international investors 
in particular. And, of course, it's gratifying for employees."
In fiscal 2007 the ElringKlinger Group, currently employing 4,100 
people, generated sales of EUR607.8 million and consolidated net 
income (after minority interests) of EUR 75.9 million. The financial 
results for 2008 are to be announced at the annual press conference 
in Stuttgart on March 30, 2009. 55.3% of the shares are held by the 
W.H. Lechler family and the estate of Klaus Lechler.
end of announcement                               euro adhoc

Further inquiry note:

Lena Landenberger
Telefon: +49(0)7123 724 631
E-Mail: lena.landenberger@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: 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