euro adhoc: ElringKlinger AG / Financial Figures/Balance Sheet / ElringKlinger records double-digit growth in sales and earnings for 2007

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20.03.2008

Dettingen/Erms (Germany), March 20, 2008 +++ The ElringKlinger
Group again succeeded in generating double-digit growth in both sales
and earnings over the course of the 2007 financial year. Group sales
rose by 15.0% to EUR 607.8 (528.4) million, while net income
increased by 29.7% to EUR 80.3 (61.9) million.

Earnings performance was influenced to a large extent by spiraling
raw-material prices and higher energy costs. However, buoyed by the
higher proportion of new products within the overall portfolio, EBIT
(earnings before interest and taxes), having accounted for negative
foreign currency effects, rose by 29.6% to EUR 121.0 (93.3) million.
After deducting one-time gains of EUR 5.0 million from insurance
pay-outs in connection with the fire at an ElringKlinger production
plant in Germany, the year-on-year increase in EBIT stood at 24.3%.

The corporate tax reform enacted by the German government
necessitated a revaluation of deferred tax assets and deferred tax
liabilities in Germany. This led to tax income of EUR 5.5 million,
which was offset with income tax expense. As a result, the Group's
income tax rate was 30.1% (29.4%). Within this context, it should be
noted that - also as a result of the corporate tax reform - a
corporation tax credit of EUR 5.3 million had already had a
tax-reducing effect in 2006.

Consolidated net income rose by 29.7% to EUR 80.3 (61.9) million.
Adjusted for the one-time gain from insurance pay-outs in connection
with the fire at the Runkel plant (EUR 3.2 million after taxes) and
non-recurring income from the revaluation of deferred tax items (EUR
5.5 million), consolidated net income increased to EUR 71.5 (56.6)
million, thus exceeding the previous year's figure - also adjusted
for one-time tax effects - by 26.3%.

After deducting minority interests, profit attributable to the
shareholders of ElringKlinger AG stood at EUR 75.9 (57.8) million,
i.e. 31.4% higher than a year ago. Adjusted for one-off effects,
profit attributable to shareholders of ElringKlinger AG rose by
28.0%. Earnings per share were up from EUR 3.01 to EUR 3.95. The
management board and the supervisory board have decided to propose an
increased dividend payout of 1.40 (1.25) Euro per share at the annual
general meeting.

ElringKlinger will present its complete financial results for 2007 as
well as its outlook for 2008 at the financial press conference,
followed by an analysts' meeting, on March 27, 2008.

end of announcement euro adhoc
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ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Stephan Haas

Head IR

Phone: +49 (0)7123-724-640 / 137

E-mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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