euro adhoc: Eybl International AG
Annual Reports
Eybl International
publishes preliminary figures for financial year 2006/07
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
preliminary figures
22.05.2007
- as predicted, sales of EUR 332 million slightly decreased - EBIT impacted by weak calls in the fourth quarter
Krems, May 21, 2007. The pressure on the European vehicle manufacturers and particularly on the supplying industry has still increased in the past business year 2006/07. To face this difficult market environment, Eybl International strives for a continuous and proactive increase in value creation.
As a result, in the business year 2006/07, Eybl International could sustainably secure and in certain areas could even expand its positioning as innovation supplier - especially for the German premium brands.
However, the fourth quarter of the past financial year was clearly marked by the weak customer demand in the European key markets.
This difficult situation was most noticeable in the French automotive market: the partly drastically decrease in sales volumes of individual orders could only be compensated to a limited extent by new orders. The result (EBIT of EUR 7.4 million) is directly affected by these noticeable cost reduction programs of the automobile manufacturers.
Due to the currency related interdependence between Austria and Hungary within the Group, the Forint is Eybl International´s main foreign currency. The strongly fluctuating exchange rate of the Hungarian Forint constitutes a further strain on the result.
To be able to achieve the strategic target of the sustainable earnings increase, Eybl International pursues clearly defined cost improvement programs to raise the flexibility in the order fulfilment process and a further increase in its business initiation and acquisition competence.
The total order entry amounted to EUR 311 million. Particularly in the field of technical textiles, Eybl International could prove its excellent market positioning. Among others, new orders for the VW models Golf and Seat Leon as well as for the Ford Fiesta are produced in the weaving centre in Krems / Lower Austria. In addition, the excellent co-operation with the German car manufacturers of the premium classes was underlined by several customised orders for BMW, Audi and VW.
"In the past business year, the situation in the automotive market remained basically unchanged. Operating losses, particularly of system responsible suppliers show their impact on the result of Eybl International. Thus, in the future, we will increasingly rely on a well-directed expansion of our value chain and on a process optimisation of production." comments Johannes Elsner, CEO of Eybl International AG on the preliminary result.
Eybl International will publish and comment upon the final figures for the business year 2006/07 on June 27, 2007 in the context of the press conference on the financial statements.
The preliminary figures for the financial year 2006/07 at a glance:
2006/07 2005/06 Sales 332.8 345.3 EBIT 7.4 10.4 EBIT-margin in % 2.2 3.0 Annual net profit 1.5 6.3 EBITDA 24.2 25.4 Order entry 311 323
About Eybl International: The Eybl International AG, listed on the Vienna stock exchange, is an internationally recognised manufacturer of automotive interior parts specialised in the production of automotive textiles, the manufacture of textile or leather and textile/leather combined seat covers and the trimming of special interior parts. The Company with its headquarters in Krems / Lower Austria employs about 4.000 people at 13 operating locations, thereof ten production sites in Austria, Hungary, Romania, Germany and Slovakia.
All sites are audited according to the strict certification standards of the automotive industry. Eybl International has branch sales offices in Germany, France, Spain and the UK. Today, the Company is one of the largest Austrian automotive suppliers and Austria´s top-selling textile manufacturer.
end of announcement euro adhoc 22.05.2007 08:05:05
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: Wiener Börse AG / official market