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LDM Technologies Announces First Quarter Earnings

10 February 1999

LDM Technologies Announces First Quarter Earnings

    AUBURN HILLS, Mich., Feb. 10 -- LDM Technologies, Inc.
reports net sales for its first quarter ended December 27, 1998 (first quarter
1999) were $138.1 million, an increase of $37.8 million, or 37.7%, from the
first quarter of FY1998.  First quarter 1999 net sales were comprised of
$128.3 million of automotive product sales, $4.2 million of consumer and other
product sales, and $5.6 million of mold sales.  The sales growth was primarily
the result of acquisitions made over the last twelve months.
    Operating profit was $9.4 million, or 6.8% of net sales, for the first
quarter 1999 compared to $6.8 million, or 6.8% of net sales, for the same
period in 1998.
    Interest expense was $5.4 million for the first quarter 1999 compared to
$3.9 million for the first quarter 1998.  The increased interest expense was
primarily due to the incurrence of additional debt related to acquisitions
made over the last twelve months.
    Net income for the first quarter 1999 was $1.7 million, or 1.2% of net
sales compared to $1.5 million, or 1.5% of net sales, in the first quarter
1998.
    EBITDA for the first quarter 1999 was $14.5 million compared to $10.7
million for the first quarter 1998.  The increase is due to additional sales
volumes related to acquisitions made over the last twelve months.