EANS-Adhoc: Miba Aktiengesellschaft
1st Half-Year 2013-2014: Miba is sticking
to long-term growth plans
04.09.2013 – 10:23
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Mid Year Results 04.09.2013 ADHOC NEWS 1st Half-Year 2013-2014: Miba is sticking to long-term growth plans Laakirchen, September 4, 2013 Despite significant reductions in demand in some of its sales markets, the Upper Austrian technology group Miba AG, listed in the standard market auction segment of Wiener Börse AG, was, in the first half of 2013-2014 (February 1 to July 31), able to maintain its group revenue and profit roughly at prior-year levels. Consolidated revenue amounted to EUR 308.2 million, which equates to a reduction of 3.7 percent compared to the first half of 2012-2013. EBIT (earnings before interest and tax) amounted to EUR 35.7 million and was thus only EUR 0.9 million lower than the prior-year comparative. As of the July 31, 2013, reporting date, Miba employed 4,540 members of staff globally (including agency staff), of which 116 were apprentices at sites in Austria, Slovakia and the USA. Moreover, at the beginning of September, 32 new apprentices started their apprenticeships at Austrian sites. Miba will take on 20 apprentices at the Slovakian sites in the fall. Medium to long-term forecasts for Miba's sales markets point to a sustainable upturn which, geographically speaking, will occur mainly outside Europe. Miba is thus sticking to its expansive investment policy, even in the current environment. In the first six months of the fiscal year, Miba invested EUR 25.6 million (previous year: EUR 29.5 million) in the expansion of capacity and in measures to improve productivity at all sites. Capital expenditure volumes for the whole year should at least be at or around the same level as in the previous year (EUR 51 million). end of ad-hoc-announcement ================================================================================ 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 eleven countries. Miba products can be found in the passenger vehicles, trucks, construction equipment, 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 4,300 members of staff, half of them in Austria. Revenue in fiscal year 2012-2013 amounted to EUR 606.6 million, while earnings before interest and tax (EBIT) were 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 CFO 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