Letter to Shareholders

Dear Readers,

The world is changing faster than ever before. This is having a considerable impact on the automotive industry too, with the effects already being felt. At ElringKlinger, we have resolved to seize the opportunities that these changes present in an effort to shape a successful future. This will also mean changing our own practices and ushering in new approaches.

It is a course we have already adopted through the SHAPE30 transformation strategy, which defines five success factors as the tools needed to actively manage change. We are shaping the ElringKlinger Group of tomorrow by industrializing our innovative products (#1 Product Transformation), while generating lasting added value (#2 Sustainability) for our future. We are implementing efficient processes and continually optimizing our system of key metrics to oversee the Group (#3 Process and Performance Excellence). Factor #4 Digital Transformation will influence the everyday working routines of tomorrow and create new and efficient opportunities. All of this will be incorporated into the progressive and responsive #5 Corporate Culture that makes ElringKlinger such an attractive organization.

For us on the Management Board, there can be no doubt: we are paving the way for further innovative technologies from the ElringKlinger Group, while producing answers to the challenges of the present and the future. Operational implementation of the first high-volume series production orders for e-mobility applications is already under way, and the Group is preparing for more such projects. At the same time, traditional business continues to form the backbone of our activity – so we will be well prepared in case the transformation of the sector should slow down.

Pioneering spirit was, and remains, the engine of success for ElringKlinger as the company moves towards a sustainable and mobile future. On the following pages, we invite you to explore a world of innovative technologies.

Thomas Jessulat,
CEO of ElringKlinger AG