Eybl International AG

euro adhoc: Eybl International AG
Liquidity Problems/Over-Indebtedness
Eybl International files for administrative receivership

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Eybl International AG (ISIN: AT0000908157) announces that the recent talks about a takeover by the Slovenian Prevent Group have not led to a positive conclusion so far.

Owing to direct financial consequences of the current economic crisis on Eybl International AG the management decided, in line with legal requirements, to file for administrative receivership for Eybl International AG and its subsidiary Eybl Austria Gmbh with the Krems provincial court.

The two companies will also notify the Austrian Employment Agency AMS of potential lay-offs of their Austrian staff of together approx. 600 people, as a precautionary measure and in compliance with early-warning requirements.

Based on preliminary talks already conducted with customers, suppliers and banks, and on successful restructuring measures taken over the past months the management of Eybl International AG aims to speedily conclude the administrative receivership proceedings, and thereby secure the jobs in question for the long term.

About Eybl International Eybl International, a company specialising in textile production, fabrication and components for auto-motive interiors operates internationally at eight production sites in Austria, Hungary, Romania, Ger-many and Slovakia as well as at four distribution sites in Germany, France, Spain and Britain along-side of its corporate headquarters in Krems in Lower Austria and is recognised as a competent, reli-able and innovative partner to the automotive sector.

Eybl International AG, traded publicly on the Vienna Stock Exchange, has for decades been a special-ist in the automotive sector for complete textile furnishing of interiors made from cloth and leather. From product development and design up through production, Eybl International produces qualitatively upscale textiles and interior parts with the latest technologies for passenger cars as well as for lorries and busses and even for customers in the non-automotive sector (rail and air).

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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, Standard Market Auction
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Eybl International AG

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