EANS-Adhoc: Miba Aktiengesellschaft
Quarter 1, 2014-2015: Miba markets are
gaining momentum
04.06.2014 – 11:38
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Annual Reports/3-month report 04.06.2014 Laakirchen, June 4, 2014 The upper Austrian technology group Miba AG, listed in the standard market auction segment of Wiener Börse AG; continued its positive performance from the previous year in the first quarter of 2014-2015 (February 1 to April 30). Consolidated revenue amounted to EUR 163.5 million, which equates to an increase of EUR 10 million, or 6.5 percent, compared to the first quarter of 2013-2014. EBIT (earnings before interest and tax) amounted to EUR 19.3 million and was therefore EUR 1.5 million above the prior-year comparative. The economic upturn of the past few months has also been in evidence in Miba's most important sales markets, which picked up momentum. The automotive industry and the heavy truck market in particular had performed very positively in Europe, the USA and China, with growth in these sectors compensating for weaknesses in, for example, the shipbuilding or mining markets. In order to be prepared for further growth, Miba is focusing on extensive investment. In the first three months of the fiscal year, Miba therefore invested EUR 12.3 million in the expansion of capacity and in measures to improve productivity (previous year: EUR 8.0 million). Capital expenditure volumes for the whole year are budgeted to be at least at the same level as in the previous year (EUR 68.1 million). As of the April 30, 2014, reporting date, Miba employed 4,752 members of staff globally (including agency staff), and thus 300 employees more than a year ago. Increases in staff numbers occurred mainly in China, Slovakia and Austria. For the medium to long term, the Company is expecting sustainable growth which will primarily take place in China and in the USA. That's why Miba is intensifying its activities in these regions. In addition to its focus on expansion, Miba is continuing to work on measures to improve efficiency and quality as well as on intensive product and technology development in all areas. 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 twelve countries. Miba products can be found in the passenger vehicles, trucks, construction machinery, 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 2013-2014 amounted to EUR 610.2 million, while earnings before interest and tax (EBIT) were EUR 70.2 million. Further inquiry note: Mag. Valerie Weixlbaumer-Pekari Investor Relations Tel.: +43/664/5416364 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