EANS-Adhoc: Miba Aktiengesellschaft 1st quarter 2013-2014: Miba holds its
ground in challenging market environment
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announcement.
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Financial Figures/Balance Sheet/quarterly report
05.06.2013
1st quarter 2013-2014: Miba holds its ground in challenging market environment
Laakirchen, June 5, 2013. The Upper Austrian technology group Miba AG, listed in
the standard market auction segment of Wiener Börse AG, held its ground in the
first quarter of 2013-2014 despite the highly challenging market environment.
Consolidated sales in the first quarter of 2013-2014 (February 1 to April 30)
equaled EUR 153.5 million, which corresponds to a decline of EUR 7.4 million, or
4.6 percent, when compared to the very good first quarter of 2012-2013. EBIT
(earnings before interest and taxes) equaled EUR 17.8 million, which was below
the previous year's figure by EUR 2.4 million.
In the first three months of the business year, Miba invested almost EUR 8
million (previous year: EUR 14.8 million). These investments went into capacity
expansions and measures to improve productivity at all sites. The investment
volume for the year as a whole is planned to be kept at least at the same level
as in the previous year (EUR 51 million).
Miba benefits from its solid liquidity base and its financial independence
reflected in the consistently high equity ratio (April 30, 2013: 52.6 percent).
As of the reporting date on April 30, 2013, Miba had 4,451 employees worldwide
(including leased staff), 2,200 of which work at the Austrian sites. Since the
first quarter of the previous year, Miba has taken on many of the leased
employees on a full-time basis at the Austrian sites. The Group created other
new jobs primarily at the sites in China and the USA.
Despite the cautiously optimistic outlook of the International Monetary Fund,
which anticipates global economic growth of 3.3 percent in 2013, the development
in Miba's sales markets is difficult to predict in the medium term. Therefore,
Miba does not rely on further growth for the 2013-2014 business year as a whole,
but expects a noticeable recovery in the longer term, particularly in the USA
and China. Miba will invest more than EUR 30 million in additional production
capacities at the site in China over the next few years. In the USA, the Company
is preparing for another major order from the North American construction
equipment industry. Investments are also planned for the sites in Austria, for
example in a new input stock production line for bearings in Aurachkirchen.
end of ad-hoc-announcement
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Miba Group
The listed company Miba AG (WKN 872002) is among Austria's leading industry and
technology corporations. Founded in Laakirchen, Upper Austria, in 1927, today
the high-tech group engineers and manufactures its products at more than 20
sites in eleven countries.
Miba products can be found in passenger vehicles, trucks, construction
equipment, trains, ships, aircraft and power plants of the world's leading
manufacturers. The Company specializes in bearings, friction materials, sintered
components and coatings. In addition, Miba produces the passive electronic
components such as resistors and cooling systems that are needed, for example,
in power transmission systems. Furthermore, the Company engineers and produces
special machinery for high-precision machining of large components.
Miba employs more than 4,300 employees, half of them in Austria. Sales in the
2012-2013 business year equaled EUR 606.6 million, with earnings before interest
and taxes (EBIT) of 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
Vice President Corporate Finance
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