euro adhoc: Eybl International AG
Quarterly or Semiannual Financial
Statements
Strongest quarterly result for over 3 years (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
The Eybl Group recorded its best result for over three years in the third quarter of the current financial year 2003/2004 with an EBIT margin of 3.8%.
In the first three quarters of the 2003/04 fiscal year (the year covers the period from April 1, 2003 to March 31, 2004) consolidated sales of Eybl International Aktiengesellschaft totalled EUR 251.5 mn. (same period in the previous year: EUR 306.6 mn.). Compared to 4-12/2002 the decrease can be attributed to declining production levels in the European automobile industry and the streamlining of the portfolio at the end of 2002 (Eybl International closed plants in the USA, Brazil and Austria and concentrated its activities on Europe and the automotive sector). The results of the 2nd and 3rd quar-ters were also affected by strikes and long plant holidays in the German automobile industry.
Group EBIT reached EUR 7.4 mn. in the first three quarters of the 2003/04 fiscal year (same period in the previous year: EUR 8.3 mn.). Despite a sales decline of close to 18% a slightly higher EBIT margin (2.9%; corresponding period last year: 2.7%) shows that efforts to increase productivity were suc-cessful. This clearly confirms the company turnaround.
Additional key IAS data for the first three quarters of 2003/04: Financial results EUR -2.4mn. (previous year: -3.8 mn.), income from ordinary activities EUR 5.0 mn. (previous year: EUR 4.5 mn.), income before minority interests EUR 4.1 mn. (previous year: -3.7 mn), earnings per share EUR 1.21 (previ-ous year: EUR -1.55).
Total equity of Eybl International AG increased by EUR 10.7 mn. to EUR 50.1 million as of Dec. 31, 2003 (equity ratio 30.4%). Compared to Dec. 31, 2002 financial liabilities were reduced by EUR 2.9 mn. to EUR 67.1 mn.
For the entire 2003/04 fiscal year Eybl International expects sales slightly below plan due to market conditions (lower end of the target range). The Group expects to achieve its earnings targets with an EBIT of more than EUR 12 mn.
end of announcement euro adhoc 29.01.2004
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