Car parts manufacturer Elringklinger (EGKLF.PK) announced that, at the Annual General Meeting, its shareholders approved a proposal put forward by the Management Board and Supervisory Board and passed a resolution, with 99.99% in favor, to increase the regular dividend to 0.45 euros per share, representing an increase of 12.5% from 0.40 euros per share. The shareholders in the company will thus receive a dividend payout of 28.5 million euros in total.
With 97.91% in favor, the AGM elected Klaus Eberhardt, former CEO of Rheinmetall AG, as a successor to Karl Uwe van Husen, who had stepped down from his post as Supervisory Board member for reasons of age at the end of the 2013 Annual General Meeting.
The shareholders of ElringKlinger also passed the other proposals put forward by the management by large majorities. The actions of the Management Board and the Supervisory Board were ratified with 99.67% and 98.62% of the votes respectively. Ernst & Young GmbH was appointed as the auditor for the financial year 2013.
ElringKlinger said it plans to increase sales revenue by 5 to 7% in 2013 in terms of organic growth. Should global car production only stagnate in 2013, revenue growth is more likely to be positioned at the lower end of this range. At the same time, EBIT is to grow at a faster rate than revenue. EBIT for the financial year 2013 as a whole is expected to range from 150 million euros to 155 million euros, compared to 136.0 million euros in 2012.
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