euro adhoc: ElringKlinger AG
Quarterly or Semiannual Financial
Statements
ElringKlinger grows earnings for the first quarter /
Sales and earnings grows expected for the year as a whole
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.05.2005
The ElringKlinger Group generated in the first quarter 2005 net sales of EUR117.0 million. Sales thus nearly equaled the figures of the first quarter 2004. However, the group was not able to completely elude the weakness affecting global automotive markets, and German and North American manufacturers in particular. Furthermore, the fact that the first quarter 2005 had fewer working days than the first quarter 2004 also had an effect.
EBIT rose from EUR19.6 million to 20.0 million. EBT for the first quarter were EUR18.5 million, up 2.8% on the compared quarter in the previous year. The net income compared to the first quarter 2004 rose by 2.7%, increasing from EUR11.3 million to EUR11.6 million.
The report on the First Quarter of 2005 marks the start of ElringKlingers transition from HGB to IFRS accounting. This has not resulted in major changes.
Over the year as a whole, ElringKlinger does not anticipate any significant recovery of the automotive economy. Despite the rather difficult economic situation, the ElringKlinger Group - also because of the launch of new products - plans to increase sales and earnings throughout the year compared to the previous year.
Further information can be found in the quarterly report, available at ww.elringklinger.de (the english version of the quarterly report will be published on May, 11)
end of announcement euro adhoc 10.05.2005 17:24:07
Further inquiry note:
Martin Link
IR-Manager
+49(0)7123 724-137
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
Original-Content von: ElringKlinger AG, übermittelt durch news aktuell
