euro adhoc: ElringKlinger AG / Financial Figures/Balance Sheet / ElringKlinger with double-digit sales revenues and earnings growth in 2006

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Results BY 2006

29.03.2007

> Consolidated net income after minority interests grows by 36%
> EBIT growth of 21%
> Proposed dividend of EUR 1.25 per share
> Order intake improves by 13% year on year

Dettingen/Erms, March 29, 2007 - - - The ElringKlinger Group achieved
double-digit growth in sales revenues and earnings in the 2006
financial year. Group sales revenues rose by 11.3% to EUR 528.4
(474.6) million.

Sales revenues growth was driven by all segments within the Group.
The company benefited from a number of new product start-ups, as well
as from stricter emission limits worldwide and the growing trend
towards diesel engines, particularly in Europe. Sales revenues within
the Original Equipment segment rose by 13.4% to EUR 374.0 (329.9)
million. The Aftermarket segment generated growth of 3.3%, taking its
sales revenues to EUR 83.9 (81.2) million. The most pronounced growth
rate was recorded in Asia, where sales revenues increased by 28.1%.
Within the Engineered Plastics segment, which is responsible for
manufacturing products made of the high-performance plastic PTFE,
sales revenues rose by 10.7% to EUR 58.8 (53.2) million.

2006 saw a further surge in raw-material and energy prices.
Consequently, cost of sales rose by 6.5% to EUR 338.7 (318.0) million
at Group level. Supported by further automation and efficiency
increases within the area of production workflow at all Group
locations, as well as a favorable product mix with a greater
proportion of higher-margin products, the operating result rose by
28.1% to EUR 96.1 (75.0) million. Having accounted for negative
exchange rate effects of EUR 2.6 million, earnings before interest
and taxes (EBIT) grew faster than sales revenues in 2006, rising by
20.9% to EUR 93.3 (77.2) million. In the 2005 financial year, EBIT
had been buoyed by positive exchange rate effects of EUR 2.2 million.
The EBIT margin for 2006 was 17.7%, compared with 16.3% for the prior
year.

In total, the financial result that comprises net interest and
earnings from affiliated companies fell to EUR -8.4 (-4.1) million,
mainly due to foreign exchange effects. Earnings before taxes rose by
23.6%, up from EUR 70.9 million in 2005 to EUR 87.6 million in 2006.
At 29.4% (34.3%), the income tax rate within the Group was 4.9
percentage points lower than in the previous year. This was
attributable to an amendment to the German Corporation Tax Act.
ElringKlinger capitalized the existing entitlement at a discounted
present value of EUR 5.3 million in the period under review and thus
recorded one-time additional income in the same amount.

Consolidated net income for the year thus rose faster than earnings
before taxes, increasing by 32.9% to EUR 61.9 million, compared with
EUR 46.6 million in the prior financial year. After deducting
minority interests of EUR 4.1 (4.2) million, ElringKlinger recorded a
consolidated net income after minorities of EUR 57.8 (42.4) million,
which represents a year-on-year increase of EUR 15.4 million or
36.3%. Consolidated net income after minority interests - excluding
the one-time income from corporation tax credits - increased by 23.7%
to EUR 52.5 (42.4) million. Earnings per share (IFRS) rose to EUR
3.01 (2.21).

Net cash from operating activities increased by 28.1% to EUR 89.9
(70.1) million, thus allowing the Group to finance planned growth
fully from internal funds. This also provides the basis for a
dividend increase of 25%. Thus, the Management Board of ElringKlinger
AG, with the consent of the Supervisory Board, will propose to the
Annual General Shareholder Meeting a dividend payment of EUR 1.25
(1.00) per share for the 2006 financial year.

ElringKlinger has begun the new financial year with full order books.
Within the Original Equipment segment order backlog at the end of
fiscal 2006 was 17.2% higher than in 2005, while order intake at
Group level rose by 12.8%.

Operating from a significantly higher revenue base, ElringKlinger
plans to lift Group sales revenues by 5 to 7% in 2007. The Group
anticipates that both the cost of materials and energy prices are
likely to remain at a relatively high level. Against the backdrop of
current market conditions, ElringKlinger plans to increase
consolidated net income after minority interests - excluding the
exceptional item of one-time income from corporation tax credits in
2006 - by approx. 10% in the current 2007 financial year.

end of announcement euro adhoc 29.03.2007 07:37:21
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ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Stephan Haas
Investor Relations Manager
Telefon: +49(0)7123 724-137
E-Mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Baden-Württembergische Wertpapierbörse / official dealing


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