EANS-News: Miba Aktiengesellschaft Stable Revenue and earnings in the first
half of the year
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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6-month report
Laakirchen, September 7, 2016. In the first half of 2016-2017, Miba AG held
revenue at the previous year's level, despite the difficult situation in the
capital goods markets. No significant change is in sight for the second half of
the year. Nevertheless, 200 new employees were hired, and approximately 170
young people are in apprenticeships.
Miba AG's revenue in the first half of 2016-2017 (February to July) was EUR
376.5 million (previous year: EUR 375.2 million). Earnings before interest, tax,
depreciation and amortization (EBITDA) declined slightly to EUR 74 million
(following EUR 76.7 million). Earnings before interest and tax (EBIT) improved
to EUR 51.5 million due to the rigid cost control in all areas (following EUR
49.7 million).
With regard to business development in the first half of the year, last year's
picture continues. Strong demand from the automotive sector is offset by a
further weakening of the capital goods industry. Miba benefited from positive
developments in the automotive industry in all regions. At the same time, the
demand for construction machinery and mining equipment, tractors, compressors,
ships and locomotives declined further. The sole positive exception in these
sectors was the truck markets in Europe and China.
Miba continues to invest even in this challenging environment. Purchases of
property, plant and equipment and intangible assets in the first half of 2016-
2017 amounted to EUR 31.9 million and remained thus at the previous year's level
(EUR 32.9 million).
Group equity at the end of July was EUR 439.9 million (January 31, 2016:
EUR 462.0 million). The equity ratio as of July 31, 2016 was 55.3 percent,
slightly below the level on January 31, 2016 (57.2 percent).
As of the July 31, 2016 reporting date, the Miba Group had 5,583 employees
worldwide, including agency staff, which corresponds to an increase of just
under 200 employees compared to the previous year. Miba had 167 apprentices at
mid-year. On September 1, 2016, 31 young people commenced their training at the
Upper Austrian sites.
Over the short and mid-term, Miba expects stable growth in the automotive
industry in almost all regions. For the capital goods markets, however, the
Company does not see any improvement in the situation until 2017. We are
actually afraid that the situation in these markets could again deteriorate
slightly. In order to continue its success over the long term, in addition to
its established lines of business, Miba is focusing on developments in the e-
mobility and digitalization segments.
Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
Tel.: +43/664/5416364
mailto:valerie.weixlbaumer@miba.com
end of announcement euro adhoc
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company: 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