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Eybl International AG

euro adhoc: Eybl International AG
Eybl International announces preliminary results for financial year 2003/04 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Krems, 19 May 2004 - The Eybl International Group’s preliminary
results for financial year 2003/04 show impressive year-on-year
increases in all earnings figures, and record order intake and order
backlog. The main feature of the year for the Group was its drive to
become a process oriented automotive component supplier/developer.
In line with its strategy of repositioning itself as a
supplier/developer, Eybl systematically streamlined its product
portfolio in financial year 2003/04, and eliminated low-margin
contracts. While preliminary sales revenue fell from EUR 392.8
million (m) to EUR 342.2m as a result of these moves and the overall
contraction in the vehicle and automotive component demand, earnings
improved significantly during the period. Preliminary earnings before
interest and tax (EBIT) were up by about 14%, from EUR 10.8m to EUR
12.3m, and the group swung from a net loss of EUR 2.8m into a net
income for the period of EUR 9m. Eybl International has beaten all
its budget targets, once again demonstrating its ability to implement
its strategies effectively. According to the preliminary results the
EBIT margin rose by one-third, from 2.7% to 3.6% — its highest level
since 2000. The improvement in profitability shows that the Group’s
realignment towards a supplier/developer role, which began in 2002,
is now paying dividends.
Eybl’s stronger position with motor manufacturers is also reflected
in order intake and backlog, which stood at the record levels of EUR
515m and EUR 1,124m, respectively, as of 31 March 2004.
The final results for financial year 2003/04 will be announced on 29
June 2004.
end of announcement        euro adhoc 19.05.2004

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

Plus de actualités: Eybl International AG
Plus de actualités: Eybl International AG