Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Revenue and profit up in Quarter 1, 2015-2016

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Annual Reports/3-month report

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 2015-2016 (February 1 to April 30).
Consolidated revenue amounted to EUR 190.4 million, which equates to an increase
of EUR 26.9 million compared to the first quarter of 2014-2015. EBIT (earnings
before interest and tax) amounted to EUR 24.6 million and was therefore EUR 5.3
million above the prior-year figure.

In terms of revenue and profit, Miba benefited from positive one-off effects
from exchange-rate trends in the first quarter of 2015-2016. Organic revenue
growth adjusted for these effects amounted to 7.4 percentage points and was
therefore slightly below the comparative figures from previous periods. EBIT was
also driven by these special effects; the EBIT margin rose to 12.9 percent
(after having been 11.8 percent in the comparative prior-year quarter). 

In terms of the market, Miba was still able to benefit from the good performance
of the automotive industry and the strong demand for trucks and locomotives,
particularly in the US. This was contrasted by weaker order intakes from the
construction machinery, agricultural equipment, ship engines and truck sectors
in China. The global capital goods industry, Miba's largest sales area,
continues to lose momentum, which is why the Company is now already bracing
itself for a marked slow-down in the second half of 2015-2016. Miba's strategic
goal to continue to grow in the medium term remains unchanged despite the
expected cyclical downturn. In the first three months of the fiscal year, Miba
therefore invested EUR 17.4 million in the expansion of capacity and in measures
to improve productivity (previous year: EUR 12.3 million).

As of the April 30, 2015, reporting date, Miba employed 5,252 members of staff
globally (including agency staff), and thus 500 more employees than a year ago. 

Miba's order book at the start of the second quarter of fiscal year 2015-2016
was still characterized by high order volumes from the automotive sector. For
capital goods sales, Miba is increasingly bracing itself for a very weak order
book. From the second half of 2015-2016 onwards, profit margins are therefore
expected to be lower overall than in the first quarter. Exceptional peaks in
revenue as in the first quarter of 2015-2016 can in all probability no longer be
expected from the second half of the year onwards. For the whole of 2015-2016
and also for subsequent years, Miba is therefore expecting a return to profit
margins of earlier years.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
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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