25.08.2021 ElringKlinger AG  DE0007856023

DGAP-News: ElringKlinger AG: German government backs hydrogen - ElringKlinger on board with subsidiary EKPO Fuel Cell Technologies


 

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger AG: German government backs hydrogen - ElringKlinger on board with subsidiary EKPO Fuel Cell Technologies

25.08.2021 / 13:23
The issuer is solely responsible for the content of this announcement.


German government backs hydrogen - ElringKlinger on board with subsidiary EKPO Fuel Cell Technologies

  • German government selected 62 large-scale hydrogen projects, 12 of them from the mobility sector
     
  • Establishment of hydrogen technologies as a further step towards achieving climate neutrality
     
  • ElringKlinger submitted application for development and industrialization of a new generation of fuel cell stacks
     
  • Subsidiary EKPO Fuel Cell Technologies shall be responsible for realization

Dettingen/Erms (Deutschland), August 25, 2021 +++ The German government has recently made its selection to promote hydrogen technology as part of an "Important Project of Common European Interest" (IPCEI). ElringKlinger has applied to develop a new generation of fuel cell stacks for the commercial vehicle sector and has been pre-selected. The stacks will be used primarily in commercial vehicles, but also in buses and in maritime applications, on rail or as stationary units. In addition to development, series production of the innovative, high-performance fuel cell stacks is being targeted. Its subsidiary EKPO Fuel Cell Technologies shall be responsible for the realization of this project.

With this so-called hydrogen IPCEI, the German government is fully committed to developing hydrogen technology for mobility. Green hydrogen and fuel cells across all modes of transport are an important complement to battery-only vehicles, he said. This confirms ElringKlinger's view that both pure battery-electric drive and fuel cell technology represent decisive pillars for the future. Depending on the application, the most advantageous drive technology will be selected to make tomorrow's mobility climate-friendly.

The implementation of the IPCEI is part of the German government's National Hydrogen Strategy and aims to establish hydrogen technology competitively in Europe and especially in Germany. For Germany, the Federal government selected 62 out of 230 project outlines, 12 of which were from the mobility sector. The selected projects cover large parts of the hydrogen market's value chain. A total of more than EUR 8 billion will be made available for this purpose jointly by the German Federal Ministry of Economics and the German Federal Ministry of Transport, as well as the respective German states.

The aim is for the national proposals to be approved by the European Commission as regards state aid law before the end of the year. As part of the European initiative, cooperation between the respective nationally proposed companies is also to be promoted to build a European hydrogen economy. With its two parent companies from Germany and France, ElringKlinger and Plastic Omnium, EKPO already fully embodies this European idea. Thanks to Plastic Omnium's expertise in hydrogen storage as well as the know-how of its Austrian subsidiary for hydrogen system solutions, the two partners can provide a full response to the challenges of the entire European on-board value chain for hydrogen vehicles.

For further information, please contact:
ElringKlinger AG | Strategic Communications
Dr. Jens Winter
Max-Eyth-Straße 2 | D-72581 Dettingen/Erms
Phone: +49 7123 724-88335 | E-mail: [email protected]


About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to its customers - with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is 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 globe.



25.08.2021 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.

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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
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: 1228812

 
End of News DGAP News Service

1228812  25.08.2021 

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Umsatzerlöse1 1.507,25 1.557,44 1.664,04 1.699,00 1.727,03 1.480,44 1.712,00
EBITDA1,2 222,80 231,25 238,39 196,65 180,91 181,46 214,00
EBITDA-Marge3 14,78 14,85 14,33 11,57 10,48 12,26 12,50
EBIT1,4 135,25 135,59 137,32 96,18 61,23 27,74 102,00
EBIT-Marge5 8,97 8,71 8,25 5,66 3,55 1,87 5,96
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INVESTOR-INFORMATIONEN
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ElringKlinger
WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 10,560 - 669,08
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,43 15,23 0,62 11,97
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0,75 3,07 0,45 7,14
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,15 1,42 19.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2021 05.08.2021 04.11.2021 29.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-11,86% -22,41% -33,33% -25,32%
    
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