Krems, 19.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
Eybl International AG Eybl International announces preliminaryresults for financial year 2003/04
Krems, 19 May 2004 - The Eybl InternationalGroup?s preliminary results for financial year 2003/04 showimpressive year-on-year increases in all earnings figures, and recordorder intake and order backlog. The main feature of the year for theGroup was its drive to become a process oriented automotive componentsupplier/developer.
In line with its strategy of repositioning itself as asupplier/developer, Eybl systematically streamlined its productportfolio in financial year 2003/04, and eliminated low-margincontracts. While preliminary sales revenue fell from EUR 392.8million (m) to EUR 342.2m as a result of these moves and the overallcontraction in the vehicle and automotive component demand, earningsimproved significantly during the period. Preliminary earnings beforeinterest and tax (EBIT) were up by about 14%, from EUR 10.8m to EUR12.3m, and the group swung from a net loss of EUR 2.8m into a netincome for the period of EUR 9m. Eybl International has beaten allits budget targets, once again demonstrating its ability to implementits strategies effectively. According to the preliminary results theEBIT margin rose by one-third, from 2.7% to 3.6% - its highest levelsince 2000. The improvement in profitability shows that the Group?srealignment towards a supplier/developer role, which began in 2002,is now paying dividends.
Eybl?s stronger position with motor manufacturers is also reflectedin order intake and backlog, which stood at the record levels of EUR515m and EUR 1,124m, respectively, as of 31 March 2004.
The final results for financial year 2003/04 will be announced on 29June 2004.
Further inquiry note:Eybl International AGInvestor RelationsRobert GabrielTel.: +43 (0) 2732 881-300Fax: +43 (0) 2732 881-79mailto:email@example.comTel: 02732/881FAX: 02732/881-79Email: firstname.lastname@example.org
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