Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Miba Financial Statements 2014-2015: growth engine is running

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Financial Figures/Balance Sheet
06.05.2015


Laakirchen, May 6, 2015
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 revenue by almost 10 percent to EUR 669.3
million in the past fiscal year (February 1, 2014, to January 31, 2015), the
EBIT rose to EUR 81.9 million.

Despite some challenging market trends, fiscal year 2014-2015 was very
satisfactory for Miba. Demand for construction machinery, mining equipment and
ships continued at the low level of recent years. The tractor market recorded
heavy declines in some regions, while demand for power electronics components
was somewhat subdued overall due to the difficult investment climate. Sales
markets for trucks and passenger vehicles performed positively across the world.


A solid capital and financial structure
The equity ratio remains at the high level of 56.9 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 107.0
million (previous year: EUR 103.2 million), with Miba once again fully financing
its investments in fixed assets through the Group's own capital resources. 

Investment projects
The large investment projects of recent years - the trebling of floor space at
the production site in Suzhou, China, and the doubling of the sinter site in
McConnelsville, US - were successfully completed at the start of the past fiscal
year. In Europe, a large part of the investments went into increasing capacity
at the Slovakian sinter site. In the past fiscal year, Miba invested a total of
EUR 53.4 million in expanding and modernizing capacities. 

Investments in research & development reached an all-time high of EUR 27.9
million. Overall, 235 members of staff are employed in research & development,
with the majority being based in Austria.

Number of employees breaks through the 5,000 mark
Including agency staff, Miba employed a total of 5,178 members of staff globally
at 22 sites as of January 31, 2015. This equates to a year-on-year increase of
508 employees. The rise in the number of employees mainly occurred in China and
in the US; it is partly attributable to the initial consolidation of two sites.

Miba wants to grow organically and through acquisitions
The outlook for the first half of 2015-2016 is cautiously optimistic not least
because of the global automotive industry. The geopolitical uncertainties and
the volatile performance in the financial markets make predictions about how the
whole year will develop significantly more difficult. Overall, the Company is
still expecting especially the US and China - despite the slowdown in economic
growth - to be the main success drivers in the next few years. It was already
foreseeable now that the Company would probably expand production capacities in
the next few years. In addition to expanding its traditional areas, Miba also
wants to continue to broaden its product portfolio through acquisitions. 

The 2014-2015 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
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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 22
sites in eleven 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 5,000
members of staff. Revenue in fiscal year 2014-2015 amounted to EUR 669.3
million, while earnings before interest and tax (EBIT) were EUR 81.9 million.


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 
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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
 

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