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announcement.
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Annual Reports/3-month report
04.06.2014
Laakirchen, June 4, 2014
The upper Austrian technology group Miba AG, listed in the standard market
auction segment of Wiener Börse AG; continued its positive performance from the
previous year in the first quarter of 2014-2015 (February 1 to April 30).
Consolidated revenue amounted to EUR 163.5 million, which equates to an
increase of EUR 10 million, or 6.5 percent, compared to the first quarter of
2013-2014. EBIT (earnings before interest and tax) amounted to EUR 19.3 million
and was therefore EUR 1.5 million above the prior-year comparative.
The economic upturn of the past few months has also been in evidence in Miba's
most important sales markets, which picked up momentum. The automotive industry
and the heavy truck market in particular had performed very positively in
Europe, the USA and China, with growth in these sectors compensating for
weaknesses in, for example, the shipbuilding or mining markets.
In order to be prepared for further growth, Miba is focusing on extensive
investment. In the first three months of the fiscal year, Miba therefore
invested EUR 12.3 million in the expansion of capacity and in measures to
improve productivity (previous year: EUR 8.0 million). Capital expenditure
volumes for the whole year are budgeted to be at least at the same level as in
the previous year (EUR 68.1 million).
As of the April 30, 2014, reporting date, Miba employed 4,752 members of staff
globally (including agency staff), and thus 300 employees more than a year ago.
Increases in staff numbers occurred mainly in China, Slovakia and Austria.
For the medium to long term, the Company is expecting sustainable growth which
will primarily take place in China and in the USA. That's why Miba is
intensifying its activities in these regions. In addition to its focus on
expansion, Miba is continuing to work on measures to improve efficiency and
quality as well as on intensive product and technology development in all
areas.
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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 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, half of which are based in
Austria. 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
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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