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euro adhoc: Eybl International AG / quarterly or semiannual financial statement / Eybl International holds its position on the market

Geschrieben am 24-10-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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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
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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


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