euro adhoc: Eybl International AG / Eybl International announces preliminary results for financial year 2003/04 (E)

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Krems, 19 May 2004 - The Eybl International Group’s preliminary results for financial year 2003/04 show impressive year-on-year increases in all earnings figures, and record order intake and order backlog. The main feature of the year for the Group was its drive to become a process oriented automotive component supplier/developer.

In line with its strategy of repositioning itself as a supplier/developer, Eybl systematically streamlined its product portfolio in financial year 2003/04, and eliminated low-margin contracts. While preliminary sales revenue fell from EUR 392.8 million (m) to EUR 342.2m as a result of these moves and the overall contraction in the vehicle and automotive component demand, earnings improved significantly during the period. Preliminary earnings before interest and tax (EBIT) were up by about 14%, from EUR 10.8m to EUR 12.3m, and the group swung from a net loss of EUR 2.8m into a net income for the period of EUR 9m. Eybl International has beaten all its budget targets, once again demonstrating its ability to implement its strategies effectively. According to the preliminary results the EBIT margin rose by one-third, from 2.7% to 3.6% — its highest level since 2000. The improvement in profitability shows that the Group’s realignment towards a supplier/developer role, which began in 2002, is now paying dividends.

Eybl’s stronger position with motor manufacturers is also reflected in order intake and backlog, which stood at the record levels of EUR 515m and EUR 1,124m, respectively, as of 31 March 2004.

The final results for financial year 2003/04 will be announced on 29 June 2004.

Further inquiry note:
Eybl International AG
Investor Relations
Robert Gabriel
Tel.: +43 (0) 2732 881-300
Fax: +43 (0) 2732 881-79
Tel: 02732/881
FAX: 02732/881-79

Emittent: Eybl International AG Dr. Franz Wilhelm-Straße 2 AT-A-3500 Krems Tel: 02732/881 FAX: 02732/881-79 Email: WWW: ISIN: AT0000908157

end of announcement euro adhoc

Indizes: ATX Prime, WBI
Börsen: official dealing Wiener Börse AG; free trade Berliner Wertpapierbörse, Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse
Branche: Textiles & Clothing
Sprache: Englisch