euro adhoc: Eybl International AG
other
Effects of German car
manufacturers short-term stoppage on Eybl International
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
18.02.2005
Short-term reductions in car output impact Eybl International in final quarter 2004/05 negatively
As announced in third quarter report, revenues for financial 2004/05 slightly down on previous year
Earnings position stable at last years level
German luxury car manufacturers were forced to stop production for several days at the end of January and the beginning of February as a result of quality problems with a German supplier of diesel fuel injection systems. This unplanned, short-term stoppage will impact Eybls final quarter results for 2004/05 negatively.
The suddenness of the event left Eybl no chance of bridging the gap with replacement business.
Sales revenues for financial 2004/05 will be about 2-3% below last years levels.
On the basis of current market forecasts, earnings at approximately last years level are expected.
Since order intake continues to be satisfactory, Eybl Management expects a compensating increase in sales in first half 2005/06.
About Eybl International Vienna listed Eybl International is an internationally recognised manufacturer of automotive interior parts. It specialises in the production of autotextiles, the fabrication of cloth, leather and combination cloth/leather seat covers and the covering of special interior trim parts. Headquartered in Krems, Austria, the Group employs some 4,400 people at 15 locations in Austria, Germany, Hungary, Romania, Slovakia and Spain. Today, Eybl International is Austrias largest automotive components supplier, and the countrys leading textile manufacturer in terms of revenue.
end of announcement euro adhoc 18.02.2005 13:49:40
Further inquiry note:
Contact
Eybl International AG Press Office
Robert Hurtak
PLEON PUBLICO, Neulinggasse 37, A-1030 Vienna
Tel: +43 (1) 71786 138, fax: +43 (1) 71786 60
Branche: Textiles & Clothing
ISIN: AT0000908157
WKN:
Index: WBI, ATX Prime
Börsen: Berliner Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing