euro adhoc: Eybl International AG / quarterly or semiannual financial statement / Eybl International holds its position on the market
Geschrieben am 24-10-2007 |
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
6-month report
23.10.2007
- Equity at EUR 53.1 million or 23.2 percent is above last year - Positive earnings position despite a drop in sales due to a shift in the materials mix and a fall in the price of leather - Incoming orders in the first seven months of the current 2007/08 business year are at EUR 213 million clearly up on the same period last year - Liquid funds doubled in the first half of the 2007/08 year
Krems, 24 October 2007. Eybl International AG, a manufacturer of interior components for the interiors of cars traded on the prime market of the Vienna Stock Exchange can continue to add to the stable earnings figures from the first quarter of the 2007/08 year.
Positive indications at Eybl International
The enhanced EBITDA margin of 7.1 percent compared with 6.5 percent in the same period last year clearly underscores Eybl International's equity financing prowess. In the first six months of the current business year the company has been able to attain an EBITDA in the magnitude of EUR 10.6 million and thus come close to last year's level at EUR 11.3 million.
Thanks to a positive second quarter in 2007/08 with an EBIT in the amount of EUR 1.2 million, in the first half of 2007/08 a consolidated EBIT of EUR 2.5 million could be achieved. With that Eybl International can operationally end the completed first half of 2007/08 on a positive note and even attain a slight increase over the last quarter of 2006/07.
At EUR -3.9 million, financial results have been held at last year's level. As a result of that, Eybl International has posted financial results from ordinary business operations in the amount of EUR -1.4 million (1st half-year of 2006/07: EUR 0.5 million).
With operative cash flow at EUR -0.1 million, Eybl International can show significantly better results than the EUR -0.7 million posted in the same period last year. Accordingly, liquid funds have almost doubled on the first half of 2006/07.
Materials mix and leather prices weigh down sales
While the automotive sector continues to be difficult, Eybl International has in the first half-year of 2007/08 clocked in sales of EUR 148.0 million (1st half-year of 2006/07: EUR 173.3 million), which corresponds to a fall in sales by 15 percent. The reduction in sales revenues has been due to a shift in the materials mix from leather to textile fabrication that became evident in the first half of 2007/08, as well as due to a general fall in the price of leather.
What additionally weighed down on sales figures were start-ups of reduced batch sizes from various product groups as well as the summer holiday related reduction in call-in figures with OEMs (original equipment manufacturers).
Despite the general decline in sales, the technology division for interiors was in particular able to raise its sales in the first half of 2007/08 by EUR 1.7 million to EUR 20.0 million by comparison with the same period last year. Measured by sales results for the various technology divisions it is apparent that in the first six months of the current year the fabrication division with sales of EUR 91.7 million continued to make the greatest contribution to total sales by far although it fell far short of expectations. The textile production division contributed EUR 36.3 million to total sales.
Order backlog now once again on the rise
Despite persisting difficult conditions on the market and despite the mix shift from leather to textile covers, Eybl International as of the closing date of 30 September 2007 achieved an adjusted backorder level of EUR 1.053 million. In the first seven months of the current business year the stock of orders in progress rose to a total of EUR 213 million (incoming orders in the first half of 2006/07: EUR 160 million). And in addition, the company has been able to score points with new orders on the ever so important German market with all major automotive producers. Besides ceiling textiles and the ski bag module for the BMW 1 convertible and the Z4 where essential elements of value chain enhancement had previously been implemented, Eybl International now supplies 50 percent of the entire textile quantity for the AUDI Q5 and is thus represented in all current AUDI models except the A5 and the A3 convertible as well as in all Volkswagen Group brands. In current SEAT models as well, it has succeeded in only two years in being represented with woven items.
Beyond that, orders could be secured with Peugeot, where the fabrication quantity for the successful 206 model could be expanded in the textile seat segment, as could also follow-up orders from Mercedes in the textile segment and for Saab and Opel that belong to the GM Group.
Stable asset and capital structure
The development of equity as of the closing date of 30 September 2007 at EUR 53.1 million or 23.2 percent of total assets (30/09/2006: EUR 50.9 million or 20.2 percent) can be considered to have been just as encouraging.
The economic equity ratio was 26.4 percent as of the closing date of 30 September 2007. Within it, the limited liability capital in the amount of EUR 7.8 million is disclosed as borrowed capital. All in all, the Eybl International balance sheet continues to show constant asset conditions with a reduction in total assets when compared with the end of the last business year in the amount of EUR 4 million.
Optimistic outlook for the current business year
Eybl International is well prepared, in view of its challenging market environment, where innovative and flexible solutions are in demand throughout the entire value chain, and has in the first half of 2007/08 created a stable basis for its further business operations. Numerous new orders from the premium segment of the German automotive industry, a segment of extreme importance for Eybl International, are a clear positive sign for the second half of the 2007/08 year. With a current backlog of over one billion euro, Eybl International likewise has a solid stock of work for the immediate future. From a current point of view, Eybl International expects market performance of just under last year's level for the 2007/08 business year.
First half-year results for 2007/08 at a glance: (in million EUR)
Half-year 1st quarter Half-year Indicator 2007/08 2007/08 2006/07
Sales 148.0 76.6 173.3 EBIT 2.5 1.3 4.3 EBITDA margin in % 7.1 7.5 6.5 Period surplus / deficit 0.0 -0.4 1.1 Operating cash flow -0.1 4.9 -0.7 Order backlog 1,053 1,000 1,048 Employees 4,042 3,887 4,308
About Eybl International
Traded on the Vienna Stock Exchange, Eybl International AG is an internationally recognised manufacturer of interior components for the interiors of cars that has specialised in the production of automotive textiles, fabrication of seat covers made from textiles or leather or combinations of the two and of covers for special interior parts. The company, with its headquarters in Krems on the Danube in Lower Austria, employs about 4000 people at 15 sites, including 11 production sites in Austria, Hungary, Romania, Germany and Slovakia.
All sites have been audited according to the extremely stringent certification specifications for the automotive industry. In Germany, France, Spain and the UK there are marketing subsidiaries. Eybl International is today one of the largest Austrian companies in the automotive supplier sector as well as Austria's largest textile manufacturer by sales volume.
end of announcement euro adhoc 24.10.2007 08:00:00 --------------------------------------------------------------------------------
ots Originaltext: Eybl International AG Im Internet recherchierbar: http://www.presseportal.de
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, ATX Prime Börsen: Wiener Börse AG / official market
Kontaktinformationen:
Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.
Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.
Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.
http://www.bankkaufmann.com/topics.html
Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.
@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf
E-Mail: media(at)at-symbol.de
99986
weitere Artikel:
- euro adhoc: Villeroy & Boch AG / Sonstiges / Villeroy & Boch AG - Sicherheitsaktion des holländischen Tochterunternehmens -------------------------------------------------------------------------------- Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 24.10.2007 Ad hoc-Meldung Villeroy & Boch AG - Sicherheitsaktion des holländischen Tochterunternehmens Mettlach, den 24. Oktober 2007 - Die Villeroy & Boch AG informiert über eine bevorstehende Sicherheitsaktion ihres holländischen mehr...
- euro adhoc: Villeroy & Boch AG / other / Villeroy & Boch AG - Safety Campaign by our Dutch Subsidiary -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 24.10.2007 Ad hoc Notice Villeroy & Boch AG - Safety Campaign by our Dutch Subsidiary Mettlach, 24 October 2007 - Villeroy & Boch AG announces that its Dutch subsidiary Ucosan B.V. is about to launch a safety campaign in relation to accidents caused mehr...
- Lösungen zur MiFID auf der E.B.I.F. 2007 Frankfurt (ots) - Nur noch acht Tage, dann tritt die MiFID endgültig in Kraft. Vom 1. November 2007 an wird die Richtlinie der EU über Märkte für Finanzinstrumente (MiFID) für die Banken, Börsen und Wertpapierfirmen Europas bindend sein. Ziel der MiFID ist die Harmonisierung des europäischen Finanzmarktes, die Verbesserung des Anlegerschutzes und die Erhöhung der Markteffizienz durch einen verstärkten Wettbewerb. Die betroffenen Institute haben in den letzten Wochen und Monaten umfangreiche Maßnahmen treffen müssen, um ihre IT den Regeln mehr...
- KfW Entwicklungsbank unterzeichnet 4,3 Mio. USD Vertrag über Zuschuss für ein von der Weltbank verwaltetes Gutscheinsystem im Bereich der reproduktiven Gesundheit in Westuganda Frankfurt (ots) - Die KfW Entwicklungsbank hat heute einen Vertrag über einen Zuschuss in Höhe von 4,3 Mio. USD mit der Weltbank als Verwalterin der Global Partnership on Output-Based Aid (GPOBA) unterzeichnet. Der Zuschuss dient zur Finanzierung der Behandlung sexuell übertragbarer Krankheiten (sexually transmitted diseases - STD) und der Verringerung der Mütter- und Säuglingssterblichkeit in der armen Bevölkerung in Uganda und wird im Rahmen des Output-Based Aid (OBA)-Ansatzes gewährt. Der Zuschuss ist erfolgsabhängig und soll Anreize mehr...
- "Grüne Aktien" freundlich bewertet Berlin (ots) - Obwohl die Vorgaben von den amerikanischen Märkten gut ausfielen - was vor allem auf besser als erwartet ausgefallene Quartalszahlen zurückgeführt wurde - ließen sich deutsche Blue Chips im frühen Handel noch nicht aus der Reserve locken. Das Börsenbarometer DAX startete auf jeden Fall leichter. Es hieß, die Marktteilnehmer seien noch unsicher über den weiteren Trend. Außerdem seien die Signale von den japanischen Märkten nicht so günstig. Im Blickpunkt standen VW-Aktien (WKN: 766 400), die mit leichterem Trend starteten. mehr...
|
|
|
Mehr zu dem Thema Finanzen
Der meistgelesene Artikel zu dem Thema:
Century Casinos wurde in Russell 2000 Index aufgenommen
durchschnittliche Punktzahl: 0 Stimmen: 0
|