Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Quarters 1-3, 2014-2015: Miba is exploiting market opportunities

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Financial Figures/Balance Sheet/quarterly report

Laakirchen, December 3, 2014 
In the first three quarters of 2014-2015 (February 1 to October 31), Miba AG,
listed in the standard market auction segment of Wiener Börse AG, generated
consolidated revenue of EUR 498.3 million, which equates to an increase of EUR
38.3 million, or 8.3 percent, compared to the first three quarters of 2013-2014.
EBIT (earnings before interest and tax) amounted to EUR 62.9 million (previous
year: EUR 54.1 million). 

In the third quarter, Miba has again benefited from the positive performance in
many of its sales markets and has exploited the resulting market opportunities
well. From as early as the beginning of the year, the automotive industry in
Europe, the USA and China, as well as the heavy truck market in Europe and the
USA were the growth drivers. At the same time, Miba is, however, confronted by
weaknesses in other markets that have already persisted for some time. Global
demand for ships or mining equipment thus continued to remain at historically
low levels in recent months and the market for agricultural commercial vehicles

To maintain and further increase its competitiveness, Miba is investing more
heavily in the USA and China where there are the greatest opportunities for
growth for the Upper Austrian technology group. In the first nine months of the
fiscal year, Miba invested a total of EUR 36.1 million in capacity expansions
and in measures to improve productivity, thus remaining true to its expansive
investment strategy. 

As of the October 31, 2014, reporting date, Miba employed 5,154 members of staff
globally (including agency staff), and therefore more than 500 more people than
a year ago. On the one hand, the increase in the number of employees is
attributable to this year's initial consolidation of the Chinese company, EBG
Shenzhen Ltd., in which the Miba Group holds 55 percent of the shares overall.
On the other hand, employees were recruited mainly at the Suzhou (China) site
and in Slovakia and Austria.

While expectations for the full year are positive, the outlook for 2015 is
subdued due to the weak investment climate and the potential effects from
geopolitical tensions.

end of ad-hoc-announcement
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 5,000 members of staff globally. 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

MMag. Markus Hofer
Tel.: +43/7613/2541-1138

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

Original-Content von: Miba Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Miba Aktiengesellschaft

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