EANS-Adhoc: Miba Aktiengesellschaft
Quarters 1-3, 2013-2014: Miba once again
reaches prior-year levels
04.12.2013 – 10:01
-------------------------------------------------------------------------------- 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/quarterly report 04.12.2013 Laakirchen, December 4, 2013. In terms of group revenue and profit, the Upper Austrian technology group Miba AG, listed in the standard market auction segment of Wiener Börse AG, once again nearly reached prior-year levels in the first three quarters of 2013-2014 (February 1 to October 31) despite more difficult market conditions than in the prior-year comparative period. Consolidated revenue amounted to EUR 460.0 million, which equates to a minimal reduction of only 0.4 percent compared to the first three quarters of 2012-2013. EBIT (earnings before interest and tax) amounted to EUR 54.1 million and was thus also only slightly below the prior-year comparative (EUR 54.2 million). As of the October 31, 2013, reporting date, Miba employed 4,618 members of staff globally (including agency staff), and thus 206 employees more than in the previous year. Increases in staff numbers occurred mainly in Slovakia, the USA and China. Currently, Miba is training 169 apprentices at its sites in Austria and Slovakia - the highest number ever in the history of Miba apprenticeship training. In the first nine months of the fiscal year, Miba invested almost EUR 37.3 million globally (previous year: EUR 40 million) in the expansion of capacity and in measures to improve productivity, despite continuing short-term uncertainties concerning the development of demand. 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). While developments in some sales markets over the next few months continue to be difficult to predict, other sectors are showing signs of stabilizing as well as slight increases since the third quarter, which should also continue in the fourth quarter. Miba is therefore assuming that it will be able to end the whole year (February 1 to January 31) at or around the level of the previous year. 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 4,600 members of staff, half of which are based 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 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