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LDM Technologies Announces Third Quarter Earnings

10 August 2000

LDM Technologies Announces Third Quarter Earnings

    AUBURN HILLS, Mich. - LDM Technologies, Inc. reports net sales for its third 
quarter ended June 25, 2000 (third quarter 2000) were $121.9 million, a decrease 
of $21.3 million, or 14.9%, from the third quarter of FY 1999.  Third quarter 
2000 net sales were comprised of $113.7 million of automotive product sales and 
$8.2 million of mold sales compared to automotive product and mold sales of 
$120.1 million and $23.1 million, in third quarter 1999, respectively.

    The automotive product sales decrease of $6.4 million is the result of
programs balancing out in North America and Germany, as well as softening
automotive builds.  The mold sales decrease of $14.9 million is due to the
high volume of product launches during the third and fourth quarters of fiscal
1999.

    Operating profit was $6.8 million, or 5.6% of net sales, for the third
quarter of 2000 compared to $10.2 million, or 7.1% of net sales, for the same
period in 1999.

    Interest expense was $4.8 million for the third quarter 2000 compared to
$5.1 million for the third quarter 1999.

    Net income for the third quarter 2000 was $0.6 million compared to a net
income of $2.6 million for third quarter 1999.  The decreased income was the
result of (i) lower operating profit, (ii) higher currency exchange losses,
and (iii) an increase in the effective tax rate as compared to third quarter
1999, offset by improved results at an equity affiliate.