Eybl International AG

euro adhoc: Eybl International AG
Annual Reports
Eybl International announces results for financial 2004/05 • Established position as development partner to the automobile industry • Steady improvement in financial performance • Record order inta

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27.06.2005

Krems, 27 June 2005 The sustained success of Eybl International’s positioning as a development partner to the automobile industry is reflected in steady improvement of major financial performance indicators and a successful underpinning of earnings levels despite the extremely difficult business conditions facing the European automobile industry as a whole.

Despite these positive developments, however, Eybl was obliged to accept slight declines in sales and earnings. The overall economic climate combined with the decline in the German automobile industry in the fourth quarter of 2004/05 in particular meant that sales for the year fell somewhat short of budget, as the continuing reductions in series production orders in fabrication ate into volume business. Increased expenses for series production start-ups in fabrication also affected profitability.

Eybl International’s aggregate sales revenue came to EUR 332.5m (2003/04: EUR 342.2m). Of this, textiles production and finishing contributed around 20%, or EUR 66.6m, fabrication 68.5%, or EUR 227.6m, and interiors roughly 11.5%, or EUR 38.3m. EBITDA (operating profit before depreciation and amortisation) at EUR 20.2m very nearly reached last year’s level (EUR 21.3m). Operating profit before interest and taxes (EBIT) came to EUR 10.3m (2003/04: EUR 12.3m), and the net profit for the year to EUR 7.3m (2003/04: EUR 9.0m). The decline in EBIT compared with the previous year was reflected in an EBIT margin of 3.1%, so that profitability was 0.5 percentage points down on 2003/04’s level.

Eybl International’s established position as development partner to the automobile industry is reflected in the new records achieved in order intake and order book. The Group’s order book at 31 March 2005 stood at EUR 1,311m (2003/04: EUR 1,124m). Order intake for 2004/05 amounted to EUR 541m (2003/04: EUR 515m), a year-on-year increase of 5%.

At 31 March 2005 the Group’s total assets were EUR 206.9m, about 7.3% up on the previous year’s EUR 192.9m. The improvement in the equity ratio to 31.0% (31 March 2003: 29.1%) underlines the health of Eybl’s balance sheet. Return on capital employed (ROCE) was 8.8% for the year, compared to 12.1% for the last financial year, reflecting the stable earnings situation.

As of 31 March 2005, Eybl International had a total of 4,047 employees at its 13 sites.

For financial 2005/06 Eybl International’s management is not counting on major increases in production figures, since the economic climate and conditions in the industry are expected to continue to be difficult. However the Group sees its record levels of order intake and order book as a positive indication for the future. The aim for financial 2005/06 is once again to broaden the markets Eybl serves and to gain market shares in all its major technologies.

About Eybl International  Vienna listed Eybl International is an internationally recognised manufacturer of automotive interior parts. It specialises in the production of autotextiles, the fabrication of cloth, leather and combination cloth/leather seat covers and the covering of special interior trim parts. Headquartered in Krems, Austria, the Group employs some 4,000 people at 13 locations in Austria, Germany, Hungary, Romania, Slovakia and Spain. Today, Eybl International is Austria’s largest automotive components supplier, and the country’s leading textile manufacturer in terms of revenue.

Summarised results for financial 2004/05 (EUR m)

                                    2004/05                  2003/04                Changes
                                                        Comparable period
Sales revenue                 332.5                      342.2                  (9.7)
EBIT                                 10.3                        12.3                  (2.0)
EBIT margin (%)                 3.1                         3.6                  (0.5)
Net profit
for the year                      7.3                         9.0                  (1.7)
Order intake                      541                         515                  26.0

Order book                      1,311                      1,124                 187.0

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ots Originaltext: DUMMY_WKN
Im Internet recherchierbar: http://www.presseportal.de

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: Speciality stores
ISIN:      AT0000908157
WKN:        
Börsen:    Berliner Wertpapierbörse
                Frankfurter Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Wiener Börse AG



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