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Abonner Eybl International AG

Eybl International AG

euro adhoc: Eybl International AG
quarterly or semiannual financial statement / In the first quarter of 2007/08, Eybl International maintains its earnings stability of the second half of 2006/07

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
26.07.2007
- Marked increase in free cash flow and liquid assets compared to 
2006/07. - Large new orders, especially from German car 
manufacturers, permit the   expectation of order intake of almost EUR
400 million during the financial   year. - Fall in new registrations 
in Western Europe results in a drop in sales to   EUR 76.6 million.
Krems, July 26, 2007. In a market environment, which continues to be 
problematic, during the first quarter of 2007/08, Eybl International 
achieved sales returns of EUR 76.6 million (preceding quarter: 79,6 
Mio., Q1 2006/07: EUR 88.7 million). A fall of 1.2% in new 
registrations in Western Europe during the first half of 2007 (yearly
comparison) represented a continuation of the trend of previous 
years. There was a particularly marked drop in sales in the French 
market of 3%, with the registrations of vehicles from French 
manufacturers falling by no less than 7%.
In the first quarter of the 2007/08 financial year, Eybl 
International EBIT was raised by more than 20% as compared to the 
preceding quarter to EUR 1.3 million. However, this amount was still 
far lower than the comparable figure for the previous year (Q1 
2006/07: EUR 2.4 million). The ordinary business result amounted to 
minus EUR 0.5 million, which was more than 40% up on the total for 
the same period of the last financial year, while the loss for the 
period was down by almost a half at minus EUR 0.4 million. The 
constant strength of the self-financing capability was underlined by 
EBITDA of EUR 5.7 million (Q1 2006/07: EUR 6.5 million) and as in the
preceding year, the EBITDA margin stood at 7.5%.
At EUR 4.9 million, operative cash flow was markedly higher than the 
comparable value of the preceding year (EUR 1.2 million). As a result
of the focus on positive cash flow development, during the first 
quarter free cash flow of EUR 22.7 million was generated (Q1 2006/07:
EUR 0.4 million). This led to an increase in liquid assets to EUR 
12.4 million (Q1 2006/07: EUR 10.2 million), which was achieved in 
spite of payment conduct in line with planning and additional loan 
repayments,
Large new orders; first and foremost from German car manufacturers 
During the first quarter of 2007, Eybl International was able to 
capture several notable order intakes with a total value of almost 
EUR 60 million, which when adjusted, mean a total order volume up to 
today of around EUR 1 billion. The new orders include the production 
of 50% of the fabrics used in the AUDI Q5, the development and 
make-up of seat covers for the new VW Passat Coupé (together with the
VW subsidiary SITECH), a ski sack module for BMW made of waterproof 
fabric and headliner material for the compact BMW 1. Moreover, within
just two years, Eybl International has succeeded in being represented
with advertising items in all SEAT models.
Further improvements in asset and capital structure At EUR 55 
million, or 24.2% of total assets, the equity trend showed a clearly 
positive tendency (Q1 2006/07: EUR 51.4 million, or 20.2%). Taking 
into account the limited partnership capital of EUR 7.3 million, 
which is reported as outside capital, the equity ratio now amounts to
27.4%. All in all, following the reduction of assets in the current 
financial year, the assets structure is stable with a further 
reduction in total assets of around EUR 4 million.
Outlook - order intake of over EUR 400 million expected during the 
financial year In order to maintain and further consolidate the 
position that it has established over the years as a supplier of 
innovative developments to the European automotive sub-supplier 
industry, Eybl International is seeking to enhance its market 
strength through a strategy of systematic growth. In the 2007/08 
financial year, this means an increase in the market addressed to 
almost EUR 4 billion and a targeted order backlog in excess of EUR 
1.1 billion. The Eybl International management anticipates that the 
package of measures approved for the current financial year will lead
to an improvement in core business and an increase in return on 
capital.
The most important Eybl International AG financial indicators at a 
glance:
first quarter  fourth quarter  first quarter
Key indicators                 2007/08    2006/07           2006/07
Sales (in EUR m)                 76.6      79.6            88.7
EBIT (in EUR m)                   1.3       1.1             2.4
EBIT margin in %                  1.7       1.3             2.7
EBITDA margin in %                7.5       8.1             7.5
Profit for the period
(in EUR m)                       -0.4      -1.9            -0.6
Free Cash Flow                    2,7      27.6             0.4
Order backlog (in ~ EUR m)      1,000     1,040           1,000
Employees                       3,887     3,940           4,221
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.
end of announcement                               euro adhoc 26.07.2007 08:30:00

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

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