EANS-Adhoc: Miba Aktiengesellschaft
1st quarter 2013-2014: Miba holds its
ground in challenging market environment
05.06.2013 – 09:31
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet/quarterly report 05.06.2013 1st quarter 2013-2014: Miba holds its ground in challenging market environment Laakirchen, June 5, 2013. The Upper Austrian technology group Miba AG, listed in the standard market auction segment of Wiener Börse AG, held its ground in the first quarter of 2013-2014 despite the highly challenging market environment. Consolidated sales in the first quarter of 2013-2014 (February 1 to April 30) equaled EUR 153.5 million, which corresponds to a decline of EUR 7.4 million, or 4.6 percent, when compared to the very good first quarter of 2012-2013. EBIT (earnings before interest and taxes) equaled EUR 17.8 million, which was below the previous year's figure by EUR 2.4 million. In the first three months of the business year, Miba invested almost EUR 8 million (previous year: EUR 14.8 million). These investments went into capacity expansions and measures to improve productivity at all sites. The investment volume for the year as a whole is planned to be kept at least at the same level as in the previous year (EUR 51 million). Miba benefits from its solid liquidity base and its financial independence reflected in the consistently high equity ratio (April 30, 2013: 52.6 percent). As of the reporting date on April 30, 2013, Miba had 4,451 employees worldwide (including leased staff), 2,200 of which work at the Austrian sites. Since the first quarter of the previous year, Miba has taken on many of the leased employees on a full-time basis at the Austrian sites. The Group created other new jobs primarily at the sites in China and the USA. Despite the cautiously optimistic outlook of the International Monetary Fund, which anticipates global economic growth of 3.3 percent in 2013, the development in Miba's sales markets is difficult to predict in the medium term. Therefore, Miba does not rely on further growth for the 2013-2014 business year as a whole, but expects a noticeable recovery in the longer term, particularly in the USA and China. Miba will invest more than EUR 30 million in additional production capacities at the site in China over the next few years. In the USA, the Company is preparing for another major order from the North American construction equipment industry. Investments are also planned for the sites in Austria, for example in a new input stock production line for bearings in Aurachkirchen. end of ad-hoc-announcement ================================================================================ Miba Group The listed company Miba AG (WKN 872002) is among Austria's leading industry and technology corporations. Founded in Laakirchen, Upper Austria, in 1927, today the high-tech group engineers and manufactures its products at more than 20 sites in eleven countries. Miba products can be found in passenger vehicles, trucks, construction equipment, trains, ships, aircraft and power plants of the world's leading manufacturers. The Company specializes in bearings, friction materials, sintered components and coatings. In addition, Miba produces the passive electronic components such as resistors and cooling systems that are needed, for example, in power transmission systems. Furthermore, the Company engineers and produces special machinery for high-precision machining of large components. Miba employs more than 4,300 employees, half of them in Austria. Sales in the 2012-2013 business year equaled EUR 606.6 million, with earnings before interest and taxes (EBIT) of EUR 69.9 million. Further inquiry note: Mag. Valerie Weixlbaumer-Pekari External Communications Manager / Investor Relations Tel.: +43/7613/2541-1119 mailto:valerie.weixlbaumer@miba.com Investoren/Analysten MMag. Markus Hofer Vice President Corporate Finance Tel.: +43/7613/2541-1138 mailto:markus.hofer@miba.com 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