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Eybl International AG

euro adhoc: Eybl International AG
quarterly or semiannual financial statement / Eybl International publishes results for first three quarters of financial 2005/06

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
27.01.2006
- Eybl’s innovation and process orientation confirmed by good
performance in third quarter 2005/06  - "Masters in own house" — Eybl
returns Krems Competence Centre to Group ownership
Eybl International has successfully evened out the effects of
cyclical reductions of output in the auto industry: revenues for the
first three quarters of financial 2005/06, at EUR 254.0m, were
slightly up on the EUR 251.7m achieved in the same period last year.
Broken down by technologies, the picture was as follows: with 63.4%,
fabrication accounted for EUR 161.0m of the total. textiles
production made up approximately 22.4%, or EUR 57.0m. Interiors and
services contributed around EUR 36.0m, or 14.2%, to the total.
As a result of strong interest, Eybl’s corporate bond at the end of
October 2005 was increased to EUR 60m. The proceeds of the issue have
been and will be applied — in accordance with the Group’s strategy —
as a defence against concentration in the industry and for long-term
improvement in the Group’s financing structure. By paying back its
loans ahead of time, Eybl has gained its independence from the
banking syndicate. Both the site in Krems, where the Group is
headquartered, and the cutting and logistics centre in Körmend,
western Hungary, have become the Group’s property.
Order intake of EUR 260m in the first three quarters of the financial
year fell short of expectations: the main reason was that fewer
orders were placed in the last quarter of 2005, as the result of
cyclical factors. For 2006, however, a series of model relaunches and
new models have been announced or are being planned. It is reasonable
to hope that this will mean a significantly higher order intake in
the last quarter of financial 2005/06.
Group EBIT for the first three quarters of 2005/06 reached EUR 7.0m,
down on the EUR 7.9m achieved in the comparable period last year.
Profit from ordinary activities (POA) of EUR 3.4m was also less than
EUR 5.8m for the same period last year. Net profit for the period
amounted to EUR 4.8m, as against the comparable EUR 5.5m. Operating
cash flow for the third quarter increased from EUR 4.6m in 2004/05 by
some 65% to EUR 7.6m in 2005/06.
Eybl Group’s total assets at 31 December 2005 were EUR 241.3m, up
24.7% on EUR 193.6m a year earlier. This results in a reduction in
the equity ratio to 26.3%, compared with 32.1% at the same point in
the previous financial year. At 31 December 2005, Eybl Group employed
4,178 people at a total of 16 sites in Europe and Africa (Morocco).
Global Insight’s production forecasts for the automobile industry see
output in 2006 stagnating at the levels of the last three years. In
order to build on the success it has achieved as an innovative
partner to the European auto industry, Eybl International will
continue to pursue its strategy of innovation based on knowledge
oriented added value.
Summarised results for first three quarters
EUR m
2005/06        2004/05        2003/04
Sales revenue              254.0          251.7          251.5
EBIT                         7.0            7.9            7.4
EBIT margin (%)              2.8            3.2            2.9
Net profit for period        4.8            5.5            4.1
Order intake               260.0          448.0          451.0
Staff                      4,178          4,406          3,780
end of announcement                               euro adhoc 27.01.2006 08:00:31

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: 914117
Index: WBI, ATX Prime
Börsen: Börse Berlin-Bremen / free trade
Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official market

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