Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Miba financial statements 2013-2014: record levels of investment in the future

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Financial Figures/Balance Sheet/annual report
07.05.2014


Laakirchen, May 7, 2014
Miba AG, , a strategic partner to the international engine and automotive
industry which is listed on the Vienna Stock Exchange in the standard market
auction segment, increased its group revenue slightly in the past fiscal year
(February 1, 2013, to January 31, 2014) to EUR 610.2 million; EBIT rose to EUR
70.2 million.

Overall, Miba's performance in fiscal year 2013-2014 was in line with
expectations, although performance in the various submarkets was quite varied.
While demand in shipbuilding and mining was weak, the market for agricultural
commercial vehicles was stable. Heavy trucks showed signs of recovery in the
last months of the fiscal year and the demand trend for the global automotive
industry (passenger vehicles) was above average.

A solid capital and financial structure
The equity ratio remains at the high level of 54.6 percent (previous year: 52.6
percent), which reflects Miba's solid capital and financial structure and
ensures its financial independence. Cash flow from operations totaled EUR 103.2
million (previous year: EUR 116.6 million), with Miba once again fully
financing its investments in fixed assets through the Group's own capital
resources.

Investments in the future reach an all-time high
The Company invested EUR 96.3 million in total, and thus 20 percent more than
in the previous year, spending EUR 68.1 million on the global expansion of
capacity, EUR 26.7 million on research & development and EUR 1.5 million on
training and continuing education. The majority of the investment was used to
expand premises and capacities at the sites in China, the USA and Slovakia.

Skilled personnel in training - also a record
With a total of 177 young people in training (over three-quarters of which in
Austria), Miba was able to continue to increase the number of apprentices even
in times of skilled personnel shortages.

Including agency staff, Miba employed a total of 4,670 members of staff
globally at over 20 sites as of January 31, 2014. This equates to an increase
year-on-year of 284 employees. As in the previous year, the largest increase in
the number of employees took place at the Chinese site in Suzhou, although the
number of employees in Austria also rose.

Outlook: continuing drive for growth
Miba is expecting further growth despite a persistently volatile market
environment. China and the USA are still regarded as the markets of the future
for Miba's products and technologies, which is why the Company is continuing to
strengthen its activities in these regions.

The 2013-2014 Miba Annual Report will be published at
http://www.miba.com/Investor_Relations-Annual_Reports,107,en.html at the end of
May.

end of ad-hoc-announcement
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About 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 twelve countries.
Miba products can be found in the passenger vehicles, trucks, construction
machinery, 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 4,600 members of staff. Revenue in fiscal year 2013-2014
amounted to EUR 610.2 million, while earnings before interest and tax (EBIT)
were EUR 70.2 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Investor Relations
Tel.: +43/664/5416364
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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