Eybl International AG

euro adhoc: Eybl International AG
Quarterly or Semiannual Financial Statements
Eybl International announces results for first quarter 2004/05 (E)

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Eybl International announces results for first quarter 2004/05

• Record order intake - almost five times as high • Order book again at record levels • Sales growth despite portfolio consolidation • Sustainable improvement in profits

Krems, 29 July 2004 - While performance of the European automobile industry has so far this year fallen short of last year’s forecasts and expectations, Eybl International AG can look back on a very successful first quarter of 2004/05.

Eybl Group’s first-quarter order intake of EUR 344m was nearly five times as high as last year (EUR 71m), a record achievement. As of June 30th 2004, Eybl has already secured more than 90% of the sales budgeted for 2004/05. The order book as of June 30th stood at EUR 1,371m, significantly higher than the EUR 935m in hand as of June 30th 2003.

Although continuing to cut back on low-margin business and despite the introduction of an Easter shutdown by major German automobile manufacturers, Eybl’s sales rose from EUR 85.2m in the first-quarter of 2003/04 to EUR 86.3m in the comparable period this financial year. Approximately 69% of total sales (EUR 59.3m) were fabrication, roughly 21% (EUR 18.0m) materials production and some 10% (EUR 9.0m) interiors and services.

On the basis of successfully established quality standards in production and logistics processes, Eybl’s EBIT rose by 50% for the first quarter of 2004/05 from EUR 2.0m to EUR 3.1m, and the EBIT margin from 2.4% to 3.5%. The profit from ordinary activities (POA) increased from EUR 1.4m to EUR 2.4m, and the net profit for the period from EUR 0.9m to EUR 2.1m.

As of June 30th 2004 Eybl Group’s total assets were EUR 185.7m, roughly 10% higher than the total of EUR 168.1m a year earlier. The equity ratio was 31.3%. Return on capital (ROCE) also improved, from 6.3% as of 30 June 2003 to 9.3% this year. The Group’s debt situation has also greatly improved: Eybl’s net debt, which at the end of 2002 was still EUR 94m, with a gearing ratio of more than 500%, has been reduced to EUR 57m, with gearing down to 98%.

As of June 30th 2004 Eybl Group employed 4,123 staff.

To provide a firm foundation for Eybl’s continuing leadership in production and process management, and for its strategy of technology-based sales and earnings growth, the Board of Management was authorised by the General Meeting of June 30th 2004 to increase the Company’s share capital with the agreement of the Supervisory Board by up to EUR 13,081,110.15 by the issue of up to 1.8m no par value shares during the five year period following the authorisation.

With a current increase in market value of more than 160% since 30 June 2003 and a small increase as compared with 31 March 2004, Eybl is one of the top performers in the Vienna Exchange’s Prime Market segment.

Prospects for the financial year 2004/05 Although financial 2004/05 is likely to prove an extremely challenging time for the whole automotive sector, Eybl’s Management is confident that the Company will meet its forecasts for the year, and that it will continue to win market share in its core market, Western Europe’s automobile industry. For the financial year 2004/05, Management continues to count on sales increases in the region of 5-10% over 2003/04 sales. On that basis, and assuming markets continue to behave as expected, the EBIT margin is forecast to come out at some 4%.

end of announcement            euro adhoc 29.07.2004
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Further inquiry note: Eybl International AG Investor Relations Robert Gabriel Tel.: +43 (0) 2732 881-300 Fax: +43 (0) 2732 881-79 mailto:robert.gabriel@eybl-international.com

Branche: Textiles & Clothing
ISIN:      AT0000908157
WKN:        
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade



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