Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Annual Results for 2010-2011: Miba Engine Running at Full Speed

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05.05.2011

Annual Results for 2010-2011: Miba Engine Running at Full Speed

- Group sales with EUR 437.2 million significantly above pre-crisis level
    - Increases primarily in core business
    - EUR 50 million to be invested toward future growth in 2011-2012 

In the past business year, Miba - strategic partner of the international engine and automotive industry - has generated Group sales of EUR 437.2 million and thus clearly exceeded pre-crisis level. Growth is primarily derived from Miba´s core business. A new division has been tapped through acquisitions. Over EUR 50 million will be invested into added capacity and future growth; more than half of it into Austrian sites.

"One year after the economic crisis, Miba is in a better position than ever. In a challenging market environment, we were able to achieve significant market

share  gains  in  our  core  segments.  Moreover,   we   made   some   strategic
acquisitions," says Peter Mitterbauer, Chairman of the  Miba  Management  Board.
All this comes as a result of a clear strategic  positioning  for  technological
leadership. In the  past  business  year,  five  percent  of  sales  were  again
invested into research and development.

Miba has seen an increase in its Group sales 2010-2011 of 40  percent  from  the 

previous year to EUR 437.2 million. Thirty-four percent of this growth comes from its core segments of sintered components, engine bearings and friction materials. Another six percent (about EUR 19.1 million) can be attributed to new acquisitions: In April 2010, Miba took over the British coatings specialist Teer Coatings; in September, the Styrian power electronics manufacturers EBG and DAU were acquired. Also in September, Miba took over the friction materials business of the Swiss-based Hoerbiger Group. Along with this takeover, Miba also purchased an Indian site in January 2011: Miba Drivetec India is the first Miba production site in the emerging market India.

Miba taps new division With the acquisition of EBG and DAU, Miba has entered the field of energy technology and has established a new division, the New Technologies Group. "Power electronics is a key to more efficient drives and plays a decisive role in the area of renewable energies such as wind power," says Mitterbauer. CEO Norbert Schrüfer, until now CEO of Miba Friction Group, is in charge of the New Technologies Group. F. Peter Mitterbauer has succeeded him in the Miba Friction Group and has been representing this division since February 1, 2011, at the Miba Group Management Board as well.

Profitable growth The growth of the past business year is also reflected in the Group´s earnings before interests and taxes (EBIT), which has increased to EUR 54.5 million

(2009-2010: EUR 16.4 million). This profitable growth can be attributed, on  the
one hand, to  Miba´s  leading  position  in  technologically  sophisticated  and
economically  attractive  market  niches.  On  the  other  hand,  measures   are
implemented at all  sites  to  increase  cost-efficiency  in  a  consistent  and
sustainable manner.

The Group´s equity ratio has reached 54.9 percent and is an expression  of  Miba 

Group´s solid capital and financial structure. Cash flow from operations amounted to EUR 65.8 million, which Miba again used to finance its investments in tangible assets entirely from its own means. These investments amounted to EUR 34.3 million (previous year: EUR 19.3 million); approximately one third of it went into further development of the Austrian sites.

One quarter more employees As of the balance sheet date of January 31, 2011, Miba had about 3,300 employees at 20 sites worldwide. This is an increase of slightly more than 25 percent compared with the previous year. The buildup of employees is a result of increased post-crisis demand in Miba´s sales markets as well as of new business acquisitions. In late March 2011, Miba already employed as many as 3,600 people; more than half of them work at the Austrian Miba sites.

Miba is an attractive employer who offers interesting career opportunities, among other things, through professional apprenticeships. As of January 31, 2011, 118 apprentices were employed at the Austrian and 36 apprentices at the Slovakian sites.

"Our employees are the engine of our success. With their dedication, innovative energy and their understanding of quality and service, they contribute significantly to Miba´s growth," says Mitterbauer.

Outlook: Sales of over EUR 500 million "We have made a crucial step toward our vision `No power train without Miba technology´ and we will continue on our path of profitable growth," states Mitterbauer. In the first quarter of the current business year, vigorous ongoing growth was registered in all markets. Miba expects that this growth

will lead to sales of more than  half  a  billion  euro  based  on  satisfactory
earnings.



|                                    |2010-11      |2009-10      |
|Sales (in million EUR)                |437.2        |311.8        |
|EBIT (in million EUR)                 |54.5         |16.4         |
|Investments in tangible assets (in  |34.3         |19.3         |
|million EUR)                          |             |             |
|Investments in R&D (in million EUR)   |22.6         |18.7         |
|Number of employees (as of 31.1.)   |3,298        |2,620        |

end of ad-hoc-announcement
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The Miba Group

Miba is an  international  group  that  produces  technologically  advanced  and
highly  resilient  power  train  components.  Miba   technology   and   longtime
experience make vehicles, trains,  ships,  airplanes  and  power  stations  more
powerful,  efficient  and  environmentally  friendly.  Miba  has  around   3,600
employees, more than half of whom work at the Austrian  sites.  In  the  2010-11
business year, sales of the listed company amounted to EUR  437.2  million  with
earnings before interests and taxes (EBIT) of EUR 54.5 million. 
end of announcement                               euro adhoc
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Contact:

Presse
Valerie Weixlbaumer
Corporate Communications
T: +43/7613/2541-1119
M: +43/664/5416364
valerie.weixlbaumer@miba.com



Investoren/Analysten
Hannes Moser
Vice President Corporate Finance
T +43/7613/2541-1471
hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market



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