Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. ElringKlinger AG
  6. News
  7. Summary
    ZIL2   DE0007856023


Real-time Estimate Quote. Real-time Estimate Tradegate - 07/27 03:58:26 pm
13.25 EUR   -3.43%
07/23ELRINGKLINGER AG : JP Morgan reiterates its Neutral rating
06/01ELRINGKLINGER AG : Gets a Buy rating from Hauck & Aufhauser
05/24Hyundai raises hydrogen game as new trucks roll into Europe
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: ElringKlinger: high turnout at second virtual Annual General Meeting

05/18/2021 | 09:41am EDT
DGAP-News: ElringKlinger AG / Key word(s): AGM/EGM 
ElringKlinger: high turnout at second virtual Annual General Meeting 
2021-05-18 / 15:39 
The issuer is solely responsible for the content of this announcement. 
ElringKlinger: high turnout at second virtual Annual General Meeting 
  . 63.2% of voting share capital represented at meeting 
  . All proposed resolutions approved by significant majority in each case 
  . CEO Dr. Stefan Wolf looks back on challenging year in which the company charted important routes for the future 
Dettingen/Erms (Germany), May 18, 2021 +++ At today's 116th Annual General Meeting, which was again held in a virtual 
format due to the pandemic, the shareholders of ElringKlinger AG approved all items on the agenda by a large majority. 
A total of 63.2% of the voting share capital were represented. At last year's Annual General Meeting, which was also 
held in a virtual format, this figure had stood at 60.4%. Turnout was expected to be high, as 2,364 shareholders had 
registered prior to the specified deadline - 237 or 11% more than in the previous year. 
2020 financial year 
In his speech, CEO Dr. Stefan Wolf looked back on an extraordinary and challenging year in which the coronavirus had 
impacted heavily on the automotive industry: "Despite the pandemic-induced decline in revenue, we were able to achieve 
a solid bottom-line result overall, in addition to further optimizing net working capital and reducing debt by a 
significant margin." Special thanks were extended to the employees of the Group, whose commitment, dedication, and 
flexibility had been key contributors to this performance, especially in the 2020 year of the coronavirus. 
The CEO also focused on the future of the Group. Alongside its operational accomplishments, the company also laid 
important strategic groundwork in 2020, as Dr. Wolf emphasized: "Both the strategic partnership with Airbus and the 
strategic alliance with Plastic Omnium clearly illustrate that ElringKlinger is on track. This is complemented by the 
financial achievements of our efficiency enhancement program, which again allowed us to sustainably increase our 
financial clout in 2020 - despite the coronavirus." As ElringKlinger's CEO pointed out, the start to 2021 had been very 
encouraging not only due to the program aimed at raising efficiency levels. In addition to recording a buoyant first 
quarter in financial terms, the Group secured a high-volume order for battery components in the mid-triple-digit 
million euro range. Furthermore, ElringKlinger was one of only eleven companies to receive government funding for the 
establishment of a European battery value chain. Drawing on its innovative cell housing design, ElringKlinger helps to 
reduce the CO[2] footprint in manufacturing by up to 40% by using less material. 
Approval of all items on the agenda 
In addition to the submission of the approved annual financial statements, the agenda also included the resolution on a 
new compensation system for the Management Board, which was passed by the Annual General Meeting and is applicable as 
from January 1, 2021. It focuses on the performance-based remuneration of the Management Board with regard to their 
contribution to the sustainable and long-term development of the company. Alongside core financial performance 
indicators, the key performance criteria defined for this purpose also take into account the achievement of 
sustainability goals for the very first time. 
The shareholders also approved the compensation system for the Supervisory Board and the associated amendment to the 
Articles of Association. In addition, they approved the actions of the Management Board and the Supervisory Board with 
98% and 97% of the votes respectively. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart, was appointed as 
auditor. Due to the company's earnings performance in the 2020 financial year, ElringKlinger had already announced the 
suspension of its dividend in March 2021 in order to further strengthen the Group in support of its ongoing 
transformation process. 
A detailed summary of the individual voting results and the speech of the CEO for viewing and reading can be found on 
the homepage of ElringKlinger AG (http://www.elringklinger.com) - in the Investor Relations section under the heading 
"Annual General Meeting." 
For further information, please contact: 
ElringKlinger AG | Strategic Communications 
Dr. Jens Winter 
Max-Eyth-Straße 2 | 72581 Dettingen/Erms (Germany) 
Phone: +49 7123 724-88335 | E-mail: jens.winter@elringklinger.com 
About ElringKlinger AG 
As an independent and globally positioned supplier, ElringKlinger is a powerful and reliable partner to the automotive 
industry. Be it passenger car or commercial vehicle, equipped with an optimized combustion engine, with hybrid 
technology, or with an all-electric motor - we offer innovative solutions for all types of drive system. In doing so, 
we are making a committed contribution to sustainable mobility. Our 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. Developing cutting-edge battery and 
fuel cell technology as well as electric drive units, we were among the frontrunners when it came to positioning 
ourselves as a specialist in the field of e-mobility. At the same time, we are committed to evolving our sealing 
technology for a wide range of applications. Our shielding systems are designed to ensure high-end temperature and 
acoustics management throughout the vehicle. Dynamic precision parts developed by ElringKlinger can be used in all 
types of drive system. Additionally, the Group's portfolio includes engineering services, tooling technology, and 
products made of high-performance plastics, which are 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 
2021-05-18 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. 
Archive at www.dgap.de 
Language:     English 
Company:      ElringKlinger AG 
              Max-Eyth-Straße 2 
              72581 Dettingen/Erms 
Phone:        071 23 / 724-0 
Fax:          071 23 / 724-9006 
E-mail:       jens.winter@elringklinger.com 
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:  1197979 
End of News   DGAP News Service 

1197979 2021-05-18

Image link: 

(END) Dow Jones Newswires

May 18, 2021 09:40 ET (13:40 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.29% 112.32 Real-time Quote.25.11%
COMPAGNIE PLASTIC OMNIUM SE -0.39% 25.6 Real-time Quote.-9.28%
DJ INDUSTRIAL -0.24% 35058.52 Delayed Quote.14.56%
ELRINGKLINGER AG -2.70% 13.35 Delayed Quote.-15.72%
SDAX -0.76% 16294.57 Delayed Quote.10.36%
07/23ELRINGKLINGER AG : JP Morgan reiterates its Neutral rating
06/01ELRINGKLINGER AG : Gets a Buy rating from Hauck & Aufhauser
05/24Hyundai raises hydrogen game as new trucks roll into Europe
05/18ELRINGKLINGER : high turnout at second virtual Annual General Meeting
05/18PRESS RELEASE : ElringKlinger: high turnout at second virtual Annual General Mee..
05/18ELRINGKLINGER : high turnout at second virtual Annual General Meeting
05/17ELRINGKLINGER : EKPO Fuel Cell Technologies secures high-volume series productio..
05/17ELRINGKLINGER : EKPO Fuel Cell Technologies secures high-volume series productio..
05/17PRESS RELEASE : EKPO Fuel Cell Technologies secures high-volume series productio..
05/14ELRINGKLINGER AG : DZ Bank remains a Sell rating
More news
Sales 2021 1 621 M 1 915 M 1 915 M
Net income 2021 54,1 M 63,9 M 63,9 M
Net Debt 2021 409 M 484 M 484 M
P/E ratio 2021 15,7x
Yield 2021 0,82%
Capitalization 846 M 1 001 M 999 M
EV / Sales 2021 0,77x
EV / Sales 2022 0,72x
Nbr of Employees 9 597
Free-Float 42,8%
Duration : Period :
ElringKlinger AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELRINGKLINGER AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 7
Last Close Price 13,35 €
Average target price 14,12 €
Spread / Average Target 5,74%
EPS Revisions
Managers and Directors
Stefan Wolf Chairman-Management Board & CEO
Thomas Jessulat Chief Financial Officer
Klaus Eberhardt Chairman-Supervisory Board
Theo Ernst Becker Chief Technology Officer
Reiner Hartmut Drews Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APTIV PLC22.61%43 206
CONTINENTAL AG-4.02%27 491
WEICHAI POWER CO., LTD.10.28%23 292