EANS-News: Miba Aktiengesellschaft
Miba financial statements: record capital
expenditure of over EUR 110 million
27.04.2016 – 11:57
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet Laakirchen, April 27, 2016 Miba AG's consolidated revenue climbed by 7 percent to EUR 719.1 million in the past fiscal year (February 1, 2015, to January 31, 2016). Investments in property, plant and equipment reached a new all-time high of almost EUR 80 million and those in research & development a record EUR 31.8 million. The number of employees also continued to rise. As of January 31, 2016, Miba had 5,397 members of staff working at 22 sites worldwide. The past fiscal year showed Miba's main fields to be running at two different speeds. While the automotive industry performed strongly, as it had done in the previous year, Miba faced weak to downward trends in segments of the capital goods market. Global demand for construction machinery, mining equipment and ships fell again in 2015. The truck market turned in a satisfactory performance in the US and Europe, but in China declined sharply, particularly from the second half of the year onwards. The markets for tractors and locomotive applications were on a stable trend, while demand for power electronics components for energy transmission showed a slightly positive trend. Miba is an important partner to all renowned manufacturers in the above market segments with its development and production of engine bearings, sintered components, friction materials, coatings, power electronics components and special machinery. Revenue up by EUR 50 million thanks to automotive industry and exchange rate Consolidated revenue climbed by EUR 49.8 million year on year to EUR 719.1 million. Earnings before interest and tax (EBIT) amounted to EUR 82.9 million (2014/2015: EUR 81.9 million). Investments to reinforce technology leadership Never before in Miba's almost 90-year history has so much been invested in the future as at present: EUR 79.2 million went into property, plant and equipment and EUR 31.8 million into research & development. The ratio of research expenditure to consolidated revenue was therefore 4.4 percent. This ensures that Miba's innovative strength and technology leadership are reinforced and thus lays the foundations for future growth. Development work focuses on issues such as improving energy efficiency and increasing the precision and comfort of its customers' end products. In addition, Miba devotes detailed attention to development projects related to e-mobility. Almost 5,400 employees Including agency staff, Miba employed a total of 5,397 members of staff at 22 sites worldwide as of January 31, 2016. Within a period of five years, the number of employees has risen by 1,900, almost 400 of whom are in Austria and 650 in Slovakia. Miba intends to grow organically and through acquisitions Miba increased its financial stability and independence again last year. This is a basic requirement for organic growth and acquisition ambitions. In addition to expanding its established lines of business, Miba also intends to broaden its product portfolio through acquisitions. Although Mitterbauer the Company does not yet expect a sustained improvement in the capital goods markets, Miba expects stable to positive performance in most of its markets over the long term. Further inquiry note: Mag. Valerie Weixlbaumer-Pekari Head of Corporate Communications & Marketing Services 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 -------------------------------------------------------------------------------- company: 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