EANS-Adhoc: Miba Aktiengesellschaft / First Half of 2010-2011: Miba continues to grow profitably

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6-month report

10.09.2010

First Half of 2010-2011: Miba continues to grow profitably

- Half-year revenue stands at EUR 203.1 million, up 37 percent from previous
year
- Incoming orders promisingly strong in all business segments
- Miba enters new technological field by taking over Styrian manufacturer of
power electronic components

Miba, strategic partner to the international engine and automotive
industry, generated group sales of EUR 203.1 million in the first
half of 2010-2011 (February 1 to July 31, a 36.8 percent increase
over the same period the previous year. Earnings before interest and
taxes (EBIT) also reflected the economic upturn, totaling EUR 27.9
million (compared to EUR 2.4 million the previous year). The EBIT
margin was once again very strong at 13.7 percent.

"Miba is the leanest and strongest it´s been in a long time," said
Peter Mitterbauer, Chairman of the Board for Miba. "Our consistent
focus on high technology and our strict cost management have equipped
us for future opportunities that we are now seizing. We continue to
be oriented toward profitable growth."

In late August, Miba took over the Styrian firms EBG and DAU,
companies that develop and produce components for power electronics.
With this acquisition, Miba is entering a new and promising
technological and product area.

Level of orders on the rise The Miba Group´s level of orders also
reflects the economic upturn. As of July 31, 2010, orders stood at
EUR 168.7 million, up 19.1 percent from the end of the previous
business year (January 31, 2010: EUR 141.6 million).

"The economic recovery over the course of the first half, the
positive business trend and our customers´ current release volumes
indicate that the economic upturn will continue - although leveled -
in the second half of the year. However, we continue to be confronted
with order call-offs at very short notice. The option of higher
flexibility is urgently needed in order for us to be able to react to
this," said Miba CEO Peter Mitterbauer.

| |First Half 2010-11 |First Half 2009-10 |
|Sales (in EUR million) |203.1 |148.5 |
|EBIT (in EUR million) |27.9 |2.4 |
|Investments (in EUR million) |18.3 |7.9 |
|Number of Employees (as of July |2,874 |2,541 |
|31) | | |

As of July 31, 2010, Miba employed 2,874 people worldwide. This
represents an increase of 13.1 percent or 333 employees in comparison
with the previous year (2,541 employees). Adjusted for the first-time
inclusion this business year of the employees of Teer Coatings Ltd,
the increase totaled 10.9 percent or 276 employees. The increase in
staff took place largely at Miba´s non-Austrian sites, above all in
Slovakia.

As a responsible long-term employer, Miba places great importance on
apprentice training. Once again this September, 30 young women and
men are beginning their training at Miba sites in Austria. Apprentice
training is gaining increasing importance at Miba sites in Slovakia,
where Miba is currently training 20 young people.

Solid financial structure ensures room for Miba to maneuver
Investments in property, plant and equipment totaled EUR 18.3 million
in the first half of the business year, and were once again funded
entirely through cash flow from operations (EUR 46.5 million). Free
cash flow (cash flow from operations minus cash flow from investment
activities) totaled EUR 25.1 million.

Group equity stood at EUR 231.2 million, up EUR 24.4 million from the
end of the previous business year, bringing the equity ratio to 57.9
percent. As of July 31, 2010, net cash once again increased
considerably, totaling EUR 30.0 million (reporting date January 31,
2010: EUR 7.1 million).

Financial autonomy and a solid equity ratio secure the Miba Group´s
independence and provide the latitude necessary to pursue the
corporate goal of profitable growth and to further the company´s
technology leadership.

Miba seizes opportunities for growth Miba consistently adheres to its
fundamental strategic orientation. Profitable growth remains our
unwavering corporate goal. The key driver of this growth is Miba´s
technology leadership, which is secured and expanded through constant
engagement with promising new technologies for more efficient drives
and resource-efficient mobility. Miba has also taken another step
forward by entering the growing energy sector. With the newly
acquired companies EBG and DAU, Miba is expanding its product
portfolio and strengthening its capabilities in promising
technologies in the areas of energy production, energy use, and
electric drives.

end of ad-hoc-announcement

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to

the international engine and automotive industry. Sintered
components, engine bearings and friction materials for motor
vehicles, railways, ships, aircraft and power stations are produced
at eleven sites worldwide. Miba products make vehicles more
efficient, safer and more environmentally friendly. Miba has around
2,900 employees, over half of whom work at the Austrian sites in
Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year,
sales of the listed company totaled 311.8 million euros with an
operating result (EBIT) of 16.4 million euros.

end of announcement euro adhoc
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ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Mag. Eva Almhofer-Amering

Corporate Communications

Tel.: +43/7613/2541-1117

mailto: eva.almhofer@miba.com

Investoren/Analysten

Mag. Hannes Moser

Vice President Corporate Finance

Tel.: +43/7613/2541-1138

mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market