EANS-News: Miba Aktiengesellschaft Miba financial statements: record capital
expenditure of over EUR 110 million
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Financial Figures/Balance Sheet
Laakirchen, April 27, 2016
Miba AG's consolidated revenue climbed by 7 percent to EUR 719.1 million in the
past fiscal year (February 1, 2015, to January 31, 2016). Investments in
property, plant and equipment reached a new all-time high of almost EUR 80
million and those in research & development a record EUR 31.8 million. The
number of employees also continued to rise. As of January 31, 2016, Miba had
5,397 members of staff working at 22 sites worldwide.
The past fiscal year showed Miba's main fields to be running at two different
speeds. While the automotive industry performed strongly, as it had done in the
previous year, Miba faced weak to downward trends in segments of the capital
goods market.
Global demand for construction machinery, mining equipment and ships fell again
in 2015. The truck market turned in a satisfactory performance in the US and
Europe, but in China declined sharply, particularly from the second half of the
year onwards. The markets for tractors and locomotive applications were on a
stable trend, while demand for power electronics components for energy
transmission showed a slightly positive trend.
Miba is an important partner to all renowned manufacturers in the above market
segments with its development and production of engine bearings, sintered
components, friction materials, coatings, power electronics components and
special machinery.
Revenue up by EUR 50 million thanks to automotive industry and exchange rate
Consolidated revenue climbed by EUR 49.8 million year on year to EUR 719.1
million. Earnings before interest and tax (EBIT) amounted to EUR 82.9 million
(2014/2015: EUR 81.9 million).
Investments to reinforce technology leadership
Never before in Miba's almost 90-year history has so much been invested in the
future as at present: EUR 79.2 million went into property, plant and equipment
and EUR 31.8 million into research & development. The ratio of research
expenditure to consolidated revenue was therefore 4.4 percent.
This ensures that Miba's innovative strength and technology leadership are
reinforced and thus lays the foundations for future growth. Development work
focuses on issues such as improving energy efficiency and increasing the
precision and comfort of its customers' end products. In addition, Miba devotes
detailed attention to development projects related to e-mobility.
Almost 5,400 employees
Including agency staff, Miba employed a total of 5,397 members of staff at 22
sites worldwide as of January 31, 2016. Within a period of five years, the
number of employees has risen by 1,900, almost 400 of whom are in Austria and
650 in Slovakia.
Miba intends to grow organically and through acquisitions
Miba increased its financial stability and independence again last year. This is
a basic requirement for organic growth and acquisition ambitions. In addition to
expanding its established lines of business, Miba also intends to broaden its
product portfolio through acquisitions.
Although Mitterbauer the Company does not yet expect a sustained improvement in
the capital goods markets, Miba expects stable to positive performance in most
of its markets over the long term.
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
--------------------------------------------------------------------------------
company: 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