Eybl International AG

euro adhoc: Eybl International AG
Annual Reports
Eybl International achieves a solid result in 2006/07.

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annual report


Krems a. d. Donau, June 27, 2007. In spite of a difficult market situation, Eybl International AG, which manufactures components for automotive interiors and is listed on the Vienna Stock Exchange, was able to achieve important corporate targets during the past 2006/07 financial year.

@@start.t2@@Eybl attained sales of EUR 332.8 million, which were roughly 3.6% down on the comparable figure for the preceding year (2005/06: EUR 345.3 million). The breakdown of sales by technology mirrors Eybl International´s good positioning in the technical textiles market with around 23.5% of total sales emanating from this segment. The weaving competence centres in Krems and Gmünd played an especially important role in this regard. Eybl Inter¬national´s earnings situation in the financial year expired was influenced by stagnating car sales and the related, massive pressure on the subsupplier industry, as well as the wildly fluctuating exchange rate of the Hungarian forint (negative impact of EUR 2.3 million). EBIT in the past financial year amounted to EUR 7.4 million, which was lower than the EUR 10.4 million of the preceding year.

Marked improvement in cash flow. The solid increase in operating cash flow to EUR 17.6 million (2005/06: EUR 4.7 million) can largely be traced to improvements in the operative process. Free cash flow was clearly positive at EUR 27 million and the surplus obtained was employed to reduce financial liabilities. As a result of this positive development, at tomorrow´s AGM, the Managing Board will propose the payment of a dividend per share of EUR 0.20.

At 2.2%, the EBIT margin was below that of the previous year (2005/06: 3.0%), while the profit for the 2006/07 financial year stood at EUR 1.5 million (2005/06: EUR 6.3 million).  As a result of a reduction in current assets, total assets on the reporting date fell from EUR 258.8 million (March 31, 2006) to EUR 232.9 million. By contrast, although a dividend of EUR 0.85 per share was paid for the 2005/06 financial year, the equity ratio amounted to 23.2 %  (2005/06: 20.7%).

Satisfactory, stable order situation. During the past financial year, Eybl International retained its positioning as a run-up and series supplier with process stability. Above all, this was possible due to teamwork with the German premium class car manufacturers, BMW and Audi. Consequently, numerous new orders were received and despite the deterioration in the market situation already described, order intake totalled EUR 311 million, which was roughly the level of the preceding year (2005/06: EUR 323 million). Adjusted order backlog on the reporting date (March 31, 2007) was also constant at EUR 1,040 million (2005/06: EUR 1,050 million).@@end@@

Eybl International AG key indicators

Key indicators                                  2006/07    2005/06        2004/05

Sales (in EUR m)                                 332.8        345.3          332.5
EBIT (in EUR m)                                      7.4         10.4            10.3
EBIT margin in %                                    2.2          3.0              3.1
EBITDA (in EUR m)                                 24.2         25.4            20.2
EBITDA margin in %                                 7.3          7.3              6.1
EGT (in EUR Mio.)                                  0.7          3.4              6.5
Profit for the year (in EUR Mio.)         1.5          6.3              7.3

Total assets (in EUR m)                      232.9        258.8          206.9
Equity ratio in %                                 23.2         20.7            31.0

Return on capital employed /
ROCE in %                                                5.6          7.7              8.8
Employees                                              4,199        4,104         4,251

Dividend per share (in EUR)                  0.20*        0.85              -
Earnings per share
(as at the reporting date)                    0.41         1.76            2.02

Order intake (in EUR Mio.)                    311          323              541

*) Proposal of the Managing Board to the AGM on June 28.

Eybl International in brief Eybl International AG, which is listed on the Vienna Stock Exchange, is an internationally recognised manufacturer of interior components for automotive interiors, specialising in the production of automotive textiles, the manufacture of seat covers in cloth or leather and cloth/leather combinations and the lining of special interior parts. The company, which is domiciled in Krems a.d. Donau/Lower Austria, employs some 4,000 people at 15 locations, of which eleven are sited in Austria, Hungary, Romania, Germany and Slovakia.

All company facilities are audited according to the stringent accreditation requirements used by the automotive industry. Company sales offices are also to be found in Germany, France, Spain and the U.K. Today, Eybl International is one of Austria's largest companies in the automotive sub-supplier sector, as well as being the country´s biggest textile manufacturer in terms of sales.

@@start.t3@@end of announcement                                                 euro adhoc 27.06.2007 08:30:00

ots Originaltext: Eybl International AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Eybl International AG
Investor Relations
Robert Gabriel
Tel.: +43 (0) 2732 881-300
Fax: +43 (0) 2732 881-79

Branche: Speciality stores
ISIN:      AT0000908157
WKN:        914117
Index:    WBI, ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Eybl International AG

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