euro adhoc: Eybl International AG
quarterly or semiannual financial statement
/ Eybl International AG :
Trend in the first three quarters of 2007/08
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
29.02.2008
Krems, 29 February 2008. After the corporate statistics published an Ad Hoc Report on 31 January 2008 with the announcement of an estimated negative effect in the amount of EUR 27 million Eybl International AG, a manufacturer of automotive interior parts traded on the Vienna Stock Exchange´s prime market (ISIN: AT0000908157), today publicly reported on the first three quarters of 2007/08:
Sales trends The ever-tougher competition conditions in the automotive supplier industry were also reflected in Eybl International´s sales figures for the first three quarters of its business year. Thus this Austrian manufacturer of interior parts for automotive interiors recorded a 15% drop in sales to EUR 216.7 million after EUR 253.3 million in the first nine months of 2006/2007.
Broken down by technologies it turns out that in particular the fabrication technology division was affected by this trend in the first three quarters of the current business year. Fabrication technology did admittedly contribute by far the largest component in total sales with EUR 135.2 million in the first three quarters of 2007/2008 but with a sales drop of almost 20% on the comparable period last year (EUR 168.5 million) it remained significantly below expectations. The textile production division also recorded a fall in sales by about 10% to EUR 52.3 million (comparable period in 2006/07: EUR 57.0 million).
More satisfactory was the way the interiors technology division performed with sales in the first nine months of the current year that were successfully raised by 5% to EUR 29.2 million (comparable period in 2006/07: EUR 27.8 million).
Profitability and earnings position The persistently strong cost squeeze on the automotive supplier industry as well as the clearly visible drop in sales at Eybl International weighed down the earnings figures for the first nine months. For instance, the sales drop alone impacted on EBIT by about EUR 7.8 million in the first nine months of 2007/08. Taking situation-dictated precautions into account, the cumulative earnings results (EBIT) were at EUR -3.7 million after the first nine months compared with EUR 6.3 million in the first nine months of 2006/07.
EBITDA in the first three quarters of the current business year reached EUR 9.7 million after EUR 17.2 million in the first nine months of 2006/07 while the EBITDA margin was concomitantly reduced from 6.8% to 4.5% from the comparable period of last year.
As of the closing date of 31 December 2007 Eybl International thus posted a deficit in the magnitude of EUR 9.9 million for the period (comparable period in 2006/07: EUR 3.3 million surplus for the period).
Financial position Cash flow from financial results came to EUR 3.2 million in the first three quarters of the current business year and was below last year´s EUR 13.8m by EUR 10.6 million.
Liquid funds doubled in the same period from EUR 8.2 million to EUR 16.7 million.
Structure of assets and capital At EUR 230.8 million as of the closing date of 31 December 2007 total assets were at the level of 31 March 2007 (EUR 232.9 million).
As of 31 December 2007 equity reached EUR 41.9 million or 18.1% of total assets and was thus about EUR 12.1 million below the comparison figure on 31 March 2007.
This drop was due to a loss in the amount of EUR 9.9 million, negative foreign currency differences of EUR 1.5 million and a dividend payment of EUR 0.7 million.
About Eybl International Traded on the Vienna Stock Exchange, Eybl International AG is an internationally recognised manufacturer of interior components for the interiors of cars that has specialised in the production of automotive textiles, fabrication of seat covers made from textiles or leather or combinations of the two and of covers for special interior parts. The company, with its headquarters in Krems on the Danube in Lower Austria, employs about 4000 people at 15 sites, including 11 production sites in Austria, Hungary, Romania, Germany and Slovakia.
All sites have been audited according to the extremely stringent certification specifications for the automotive industry. In Germany, France, Spain and the UK there are marketing subsidiaries. Eybl International is today one of the largest Austrian companies in the automotive supplier sector as well as Austria's largest textile manufacturer by sales volume.
end of announcement euro adhoc
Further inquiry note:
Contacts for further information:
Erwin Klinglhuber
Corporate Communications Manager
Phone: +43 2732 881-218
Email: erwin.klinglhuber@eybl-international.com
www.eybl-international.com
Branche: Speciality stores
ISIN: AT0000908157
WKN: 914117
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market