DGAP-Adhoc : ElringKlinger posts preliminary results for the first quarter of 2021: strong start to the year

DGAP-Ad-hoc: ElringKlinger AG / Key word(s): Preliminary Results/Change in Forecast 
ElringKlinger posts preliminary results for the first quarter of 2021: strong start to the year 
16-Apr-2021 / 13:16 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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AD HOC ANNOUNCEMENT 
ElringKlinger posts preliminary results for the first quarter of 2021: strong start to the year 
Dettingen/Erms (Germany), April 16, 2021 +++ ElringKlinger AG (ISIN DE 0007856023 / WKN 785602) recorded a strong 
performance in the first quarter of 2021. According to preliminary figures, the Group generated revenue of EUR 424 
million (Q1 2020: EUR 396 million) and earnings before interest and taxes (EBIT) of EUR 48.4 million (Q1 2020: EUR 16.0 
million) in the first three months of the current financial year. This corresponds to an EBIT margin of 11.4% (Q1 2020: 
4.0%). Alongside consistently solid aftermarket business, this was attributable to the high level of revenue seen 
across the board. The bottom-line result also includes a gain of EUR 10.9 million from the sale of ElringKlinger's 
Austrian subsidiary to the French partner Plastic Omnium. 
In addition to revenue and earnings, other key financial indicators for the first quarter of 2021 also proved very 
favorable: operating free cash flow, for example, amounted to EUR 28.6 million (Q1 2020: EUR -2.2 million). Not 
included in this figure are the proceeds of EUR 13.4 million from the sale of the Austrian subsidiary subsidiary and a 
payment of EUR 30 million received by the company on the basis of an agreement between ElringKlinger and the French 
supplier Plastic Omnium as part of their fuel cell partnership. The latter is aimed at accelerating further capacity 
expansion of the joint company EKPO Fuel Cell Technologies GmbH, which will be fully consolidated within the 
ElringKlinger Group. 
Net working capital was further optimized in the first quarter just ended: after EUR 453 million as of March 31, 2020, 
it now stood at EUR 430 million. Based on the Group's positive operating free cash flow, net debt was also further 
reduced to EUR 400 million (Q1 2020: EUR 603 million), resulting in a significant improvement in the net debt ratio 
(net debt/EBITDA) of 1.9 (Q1 2020: 3.1). 
In view of the strong start to the year, ElringKlinger is adjusting its guidance for the current financial year. While 
organic revenue is still expected to develop roughly in line with market levels, the EBIT margin is now projected at 
around 5 to 6% (previously: around 4 to 5%). The outlook for the remainder of the year continues to be subject to 
considerable uncertainty, with underlying conditions remaining challenging and difficult. Commodity prices, for 
instance, are trending at very high levels and supply chains are not consistently robust. Additionally, in the course 
of the pandemic, it cannot be ruled out that production activities may have to be suspended temporarily at some of the 
44 sites worldwide. This would have corresponding effects on revenue and earnings. - The outlook for the other key 
financial indicators remains unchanged from the statements made in the 2020 annual report. 
ElringKlinger will publish its full quarterly results and the report on the first quarter of 2021 as planned on May 6, 
2021. 
For further information, please contact: 
ElringKlinger AG 
Dr. Jens Winter | Strategic Communications 
Max-Eyth-Straße 2 | D-72581 Dettingen/Erms 
Phone: [phone] | Fax: [phone] 
E-mail: [e-mail] | www.elringklinger.com 
About ElringKlinger AG 
As an automotive supplier, ElringKlinger has become a trusted partner to its customers - with a firm commitment to 
shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or 
environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of 
drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, 
vehicles powered by combustion engines consume less fuel and emit less CO[2], while those equipped with alternative 
propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, 
the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the 
highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding 
technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is 
also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of 
around 10,000 people at 44 ElringKlinger Group locations around the globe. 
Disclaimer 
This release contains forward-looking statements. These statements are based on expectations, market evaluations and 
forecasts by the Management Board and on information currently available to them. In particular, the forward-looking 
statements shall not be interpreted as a guarantee that the future events and results to which they refer will actually 
materialize. Whilst the Management Board is confident that the statements as well as the opinions and expectations on 
which they are based are realistic, the aforementioned statements rely on assumptions that may conceivably prove to be 
incorrect. Future results and circumstances depend on a multitude of factors, risks and imponderables that can alter 
the expectations and judgments that have been expressed. These factors include, for example, changes to the general 
economic and business situation, variations of exchange rates and interest rates, poor acceptance of new products and 
services, and changes to business strategy. 
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16-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at 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:       [e-mail] 
Internet:     www.elringklinger.de 
ISIN:         DE0007856023 
WKN:          785602 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange 
EQS News ID:  1185789 
 
End of Announcement  DGAP News Service 
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1185789 16-Apr-2021 CET/CEST

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April 16, 2021 07:17 ET (11:17 GMT)