EANS-Adhoc: Miba Aktiengesellschaft Half Year 2014-2015: Miba continues to grow
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announcement.
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Mid Year Results
03.09.2014
Laakirchen, September 3, 2014
Miba AG, listed in the standard market auction segment of Wiener Börse AG,
continued its growth trajectory in the first half of 2014-2015 (February 1 to
July 31). Consolidated revenue amounted to EUR 329.0 million, which equates to
an increase of EUR 20.8 million, or 6.8 percent, compared to the first half of
2013-2014. EBIT (earnings before interest and tax) amounted to EUR 41.9 million
and was therefore EUR 6.2 million above the prior-year comparative.
Many of Miba's sales markets performed well in recent months, which is also
reflected in the upper Austrian technology group's results. The automotive
industry and the heavy truck market in particular had performed very positively
in Europe, the USA and China during the whole of the first half of the year,
with growth in these sectors compensating for persistently weak demand in other
areas such as the shipbuilding or mining markets.
In the first six months of the fiscal year, Miba invested a total of EUR 24.8
million in the expansion of capacity and in measures to improve productivity
(previous year: EUR 25.6 million). Capital expenditure volumes for the whole
year should at least be at or around the same level as in the previous year (EUR
68.1 million).
As of the July 31, 2014, reporting date, Miba employed 5,037 members of staff
globally (including agency staff), and thus almost 500 more people than a year
ago. On the one hand, the increase in the number of employees is attributable to
the 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.
Although Miba is not, for example, seeing any signs of recovery in shipbuilding,
mining or in the South American automotive industry, the Company is expecting
growth to continue in the second half of the year.
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 more
than 20 sites in twelve countries.
Miba products can be found in the passenger vehicles, trucks, construction
equipment, 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
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