Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
1st Half-Year 2013-2014: Miba is sticking to long-term growth plans

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Mid Year Results
04.09.2013


ADHOC NEWS


1st Half-Year 2013-2014: Miba is sticking to long-term growth plans


Laakirchen, September 4, 2013
Despite significant reductions in demand in some of its sales markets, the
Upper Austrian technology group Miba AG, listed in the standard market auction
segment of Wiener Börse AG, was, in the first half of 2013-2014 (February 1 to
July 31), able to maintain its group revenue and profit roughly at prior-year
levels.

Consolidated revenue amounted to EUR 308.2 million, which equates to a
reduction of 3.7 percent compared to the first half of 2012-2013. EBIT
(earnings before interest and tax) amounted to EUR 35.7 million and was thus
only EUR 0.9 million lower than the prior-year comparative.

As of the July 31, 2013, reporting date, Miba employed 4,540 members of staff
globally (including agency staff), of which 116 were apprentices at sites in
Austria, Slovakia and the USA. Moreover, at the beginning of September, 32 new
apprentices started their apprenticeships at Austrian sites. Miba will take on
20 apprentices at the Slovakian sites in the fall.

Medium to long-term forecasts for Miba's sales markets point to a sustainable
upturn which, geographically speaking, will occur mainly outside Europe. Miba
is thus sticking to its expansive investment policy, even in the current
environment. In the first six months of the fiscal year, Miba invested EUR 25.6
million (previous year: EUR 29.5 million) in the expansion of capacity and in
measures to improve productivity at all sites. Capital expenditure volumes for
the whole year should at least be at or around the same level as in the previous
year (EUR 51 million).

end of ad-hoc-announcement
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The Miba Group
Miba AG, which is a listed company (WKN 872002), is one of Austria's leading
industrial and technology companies. Formed in Laakirchen in Upper Austria in
1927, the high-tech group today develops and manufactures its products at more
than 20 sites in eleven countries.
Miba products can be found in the passenger vehicles, trucks, construction
equipment, trains, ships, aircraft and power plants made or built by the
respective leading global manufacturers. The Company specializes in engine
bearings, friction materials, sintered components and coatings. In addition,
Miba manufactures passive electronic components such as resistors and cooling
systems which are needed, among other things, in power transmission systems.
Moreover, the Company develops and manufactures special machinery for
high-precision machining of large components.
Miba employs more than 4,300 members of staff, half of them in Austria. Revenue
in fiscal year 2012-2013 amounted to EUR 606.6 million, while earnings before
interest and tax (EBIT) were EUR 69.9 million.


Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
External Communications Manager / Investor Relations
Tel.: +43/7613/2541-1119
mailto: valerie.weixlbaumer@miba.com

Investoren/Analysten
MMag. Markus Hofer
CFO
Tel.: +43/7613/2541-1138
mailto:markus.hofer@miba.com

end of announcement                               euro adhoc 
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issuer:      Miba Aktiengesellschaft
             Dr.Mitterbauer-Straße 3
             A-4663 Laakirchen
phone:       07613/2541-0
FAX:         07613/2541-1010
mail:     info@miba.com
WWW:      www.miba.com
sector:      Industrial Components
ISIN:        AT0000734835
indexes:     Standard Market Auction
stockmarkets: official market: Wien 
language:   English
 

 


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