EANS-Adhoc: Miba Aktiengesellschaft
Miba's annual results for 2012-2013:
increase in sales and earnings
08.05.2013 – 11:27
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet 08.05.2013 Miba's annual results for 2012-2013: increase in sales and earnings Laakirchen, Austria, May 8, 2013: 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 consolidated sales by 2.4 percent to EUR 606.6 million in the past business year (February 1, 2012 to January 31, 2013) from the previous year's level of EUR 592.6 million. Earnings before interest and taxes (EBIT) rose by 4.2 percent to EUR 69.9 million from the previous year's level of EUR 67.0 million. The Miba Sinter Group generated the largest share of consolidated sales at nearly 35 percent, followed by the Miba Bearing Group with a 33 percent share. The Miba Friction Group contributed roughly 22 percent of consolidated sales. Just under eight percent came from the New Technologies Group, and the remaining two percent from the Miba Coating Group. A solid capital and financial structure The equity ratio remains at the high level of 52.6 percent (previous year: 54.6 percent), which reflects Miba's solid capital and financial structure and ensures its financial independence. Cash flow from operations totaled EUR 114.3 million (previous year: EUR 48.3 million), with Miba once again fully financing its investments in fixed assets through the Group's own capital resources. These investments totaled EUR 51.0 million (previous year: EUR 47.3 million) and went to expanding the capacity of the sites in Austria, Slovakia, China and the USA. 4,386 employees As of January 31, 2013, Miba had 4,386 employees (including leased employees) at more than 20 sites worldwide. This figure represents an increase of 87 employees over the previous year. At the same time, in the past year the Group permanently took on many previously leased employees. Outlook: growth in China and the USA Despite the International Monetary Fund's cautiously positive outlook for forecasted global economic growth of 3.5 percent, it is difficult to predict how Miba's target markets will develop. The restrained development of the second half-year 2012-13 continued in the first months of 2013-2014, and Miba cannot safely assume that growth will continue throughout the 2013-2014 business year. In the longer term, however, the Group expects a noticeable recovery, especially in China and the USA. Overview of key figures | |2012-2013 |2011-2012 | |Sales (in EUR million) |606.6 |592.6 | |EBIT (in EUR million) |69.9 |67.0 | |Investment in fixed assets (in EUR|51.0 |47.3 | |million) | | | |Investment in R&D (in EUR million)|28.2 |31.3 | |Employees (excluding leased |4,153 |3,927 | |employees) (reporting date 1/31) | | | |Employees (including leased |4,386 |4,299 | |employees) (reporting date 1/31) | | | The 2012-2013 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 ================================================================================ Miba AG, a listed company (WKN 872002), is one of Austria's leading industrial and technology companies. Founded in Laakirchen, Upper Austria, in 1927, the high-tech Group now develops and manufactures products at more than 20 sites in eleven countries. Miba products can be found in the passenger vehicles, trucks, construction machinery, trains, ships, airplanes and power plants of the world's leading manufacturers in these areas. The Group specializes in engine bearings, friction materials, sintered components and coatings. Miba also produces passive electronic components such as resistors and thermal solutions, which are needed for energy transmission systems, among other uses. Beyond this, the Group develops and produces special machinery for the precise mechanical processing of large components. Miba has more than 4,300 employees, half of them in Austria. Sales for the 2012-2013 business year totaled 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 -------------------------------------------------------------------------------- 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