euro adhoc: Eybl International AG
Quarterly or Semiannual Financial
Statements
Press Release (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Good Half Year Result despite Losses in Turnover Due to Weak Markets and Portfolio Adjustment
Eybl International Aktiengesellschafts group turnover reached EUR 165.3m (same period last year: EUR 211.1m) in the first half year of the fiscal year 2003/04 (the fiscal year encompasses the period April 1, 2003 through March 31, 2003). The reduction in comparison with 4-9/2002 is a result of the general decline in production development in the European automotive industry on the one hand and on the other hand the portfolio adjustment from the end of 2002 (Eybl International closed plants in the USA, Brazil and Austria and concentrated its activities with respect to the automotive sector in Europe). Second quarter development was also influenced by strikes and longer plant holidays in the German automotive industry.
Group EBIT came to EUR 4.1m in the first half of the fiscal year 2003/04 (same period last year: EUR 5.4 m). The successful increase in productivity is reflected in a stable EBIT margin (2.5%) despite more than a 20 per-cent reduction in turnover (the EBIT margin in 2002 (2.6%) was also influenced by a high degree of other operating revenue). Company turnaround was clearly confirmed by this.
Further key data from IAS on the first half year of 2003/04: financial result EUR -1.3m (previous year: -3.1m), EGT EUR 2.8m (previous year: EUR 2.3m), minority result EUR 2.1m (previous year: -10.5m), per-share result EUR 0.64 (previous year: EUR -4.79).
Equity capital of Eybl International AG improved by EUR 32.9m to EUR 49.2m as of September 30, 2003 (capital ratio 29.1 per cent). Financial liabilities were reduced in comparison with September 30, 2002 by EUR 29.4m to EUR 69.7m.
For the entire fiscal year 2003/04, Eybl International expects turnover somewhat below plan in terms of the market (target corridor EUR 350m-380m). With reference to the result, an EBIT of more than EUR 12m is expected in terms of the figures budgeted.
end of announcement euro adhoc 30.10.2003
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: Textiles & Clothing
ISIN: AT0000908157
WKN:
Index: ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade