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| Datum : | 07.05.2014 |
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EANS-Adhoc: Miba Aktiengesellschaft / Miba financial statements 2013-2014: record levels of investment in the future |
| Meldung : | -------------------------------------------------------------------------------- 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/annual report 07.05.2014 Laakirchen, May 7, 2014 Miba AG, , a strategic partner to the international engine and automotive industry which is listed on the Vienna Stock Exchange in the standard market auction segment, increased its group revenue slightly in the past fiscal year (February 1, 2013, to January 31, 2014) to EUR 610.2 million; EBIT rose to EUR 70.2 million. Overall, Miba's performance in fiscal year 2013-2014 was in line with expectations, although performance in the various submarkets was quite varied. While demand in shipbuilding and mining was weak, the market for agricultural commercial vehicles was stable. Heavy trucks showed signs of recovery in the last months of the fiscal year and the demand trend for the global automotive industry (passenger vehicles) was above average. A solid capital and financial structure The equity ratio remains at the high level of 54.6 percent (previous year: 52.6 percent), which reflects Miba's solid capital and financial structure and ensures its financial independence. Cash flow from operations totaled EUR 103.2 million (previous year: EUR 116.6 million), with Miba once again fully financing its investments in fixed assets through the Group's own capital resources. Investments in the future reach an all-time high The Company invested EUR 96.3 million in total, and thus 20 percent more than in the previous year, spending EUR 68.1 million on the global expansion of capacity, EUR 26.7 million on research & development and EUR 1.5 million on training and continuing education. The majority of the investment was used to expand premises and capacities at the sites in China, the USA and Slovakia. Skilled personnel in training - also a record With a total of 177 young people in training (over three-quarters of which in Austria), Miba was able to continue to increase the number of apprentices even in times of skilled personnel shortages. Including agency staff, Miba employed a total of 4,670 members of staff globally at over 20 sites as of January 31, 2014. This equates to an increase year-on-year of 284 employees. As in the previous year, the largest increase in the number of employees took place at the Chinese site in Suzhou, although the number of employees in Austria also rose. Outlook: continuing drive for growth Miba is expecting further growth despite a persistently volatile market environment. China and the USA are still regarded as the markets of the future for Miba's products and technologies, which is why the Company is continuing to strengthen its activities in these regions. The 2013-2014 Miba Annual Report will be published at http://www.miba.com/Investor_Relations-Annual_Reports,107,en.html at the end of May. end of ad-hoc-announcement ========================================== ====================================== About 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 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 4,600 members of staff. 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 -------------------------------------------------------------------------------- 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 |
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