euro adhoc: Eybl International AG
other
Restructuring Plan approved by
Supervisory Board
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.04.2008
Krems, 10 April 2008. Eybl International AG (ISIN: AT0000908157), a well-known manufacturer for automotive interiors, commissioned - as already announced - the consulting firm of Roland Berger Strategy Consultants to assist it in restructuring and reorientation its corporate group. Upon completion of the first phase, Roland Berger has now presented the proposals on how to restructure and reposition the group. At its meeting held on 9 April 2008, Eybl International AG´s supervisory board accepted these proposals and commissioned the management board with implementing them. For the upcoming business year of 2008/2009 the corporate group is expecting sales in the range of EUR 310 million and EUR 320 million and an EBIT between EUR 4.6 million and EUR 8.8 million.
By reason of the ongoing reorientation and restructuring and the required commitment of resources, the finance department at Eybl International AG will present the publication of the preliminary financial results of the business year 2007/08 on 2 June 2008. The final financial results of the business year 2007/08 will be published in terms of a regular reporting on 10 July 2008. The 18th general shareholders´ meeting of Eybl International AG will be held on 11 July 2008.
Eybl International in brief Eybl International AG, which is listed on the Vienna Stock Exchange, is an internationally well-known 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.
end of announcement euro adhoc
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, Standard Market Auction
Börsen: Wiener Börse AG / official market