EANS-Adhoc: Miba Aktiengesellschaft / Miba increases both sales and earnings in the first three quarters of the year

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

9-month report

10.12.2010

Miba increases both sales and earnings in the first three quarters of
the year

- At EUR 313.7 million, half-year revenue is up 37 percent from the previous
year
- Earnings before interest and taxes (EBIT) rise to EUR 41.1 million
- Number of employees of the Miba Group up by 20 percent

In the first three quarters of the current business year 2010-2011
(February 1 to October 31), Miba, strategic partner to the
international engine and automotive industry, generated Group sales
in the amount of EUR 313.7 million. This means an increase of 37.4
percent compared to the same period in the previous year. Earnings
before interest and taxes (EBIT) also reflected the economic upturn,
totaling EUR 41.1 million (compared to EUR 5.4 million in the
previous year). At 13.1 percent, the EBIT margin stands well above
the industry average.

Miba has emerged from the crisis stronger than before and
continues to consistently implement its growth strategy. After the
takeover of the British coatings specialist Teer Coatings (TCL) in
the first quarter, in the third quarter, Miba entered the
technology field of power electronics by acquiring the Styrian
companies EBG and DAU. The takeover of Hoerbiger´s friction lining
business for off-highway applications as of January 1, 2011, will
mean growth for Miba in the strategic core segment of friction.
"Our corporate goal is profitable growth, and we have utilized the
opportunities on the markets to achieve it. Miba is growing both
in its core segments and in new technology fields. Our engines
are on full speed ahead," says Peter Mitterbauer, Chairman and CEO
of Miba.

Last year´s total sales volume has already been surpassed Sales and
earnings during the first nine months of the year reflected
the positive economic development in Miba´s target markets. At EUR
313.7 million, sales were 37.4 percent or EUR 85.4 million higher
than the same period in the previous year. Thus, sales during the
first three quarters of the current business year have already
topped last year´s total annual sales. Compared to 2008, the year
prior to the economic crisis, Group sales revenue rose by EUR
15.7 million or 5.3 percent.

At EUR 41.1 million, earnings before interest and taxes (EBIT)
reached the best value in the company´s history. All Miba business
segments contributed to this increase. The EBIT margin of 13.1
percent was well above the industry average.

As of the reporting date October 31, 2010, the order level of EUR
192.3 million

also represented a new record, which is 35.8 percent higher than the figure as
of the end of the previous business year.

| |Q1-Q3 2010-11 |Q1-Q3 2009-10 |
|Sales (in EUR million) |313.7 |228.3 |
|EBIT (in EUR million) |41.1 |5.4 |
|Investments in fixed assets |22.1 |10.8 |
|(in EUR million) | | |
|Number of employees (as of |3,148 |2,621 |
|October 31) | | |

Number of employees jumps by 20 percent

As of the reporting date of October 31, 2010, employee headcount for
the Miba Group worldwide was 3,148. This figure represents an
increase of 20.2 percent or 527 employees in comparison to
the previous year. Adjusted for the acquisitions, the increase
in staff took place largely at Miba´s foreign sites, above all in
Slovakia.

For many years, Miba has been a reliable provider of apprenticeship
training in the region. The training center at company headquarters
in Laakirchen is not the only place where Miba is training young
people. Miba has had a training program in Slovakia for a
number of years. By investing in the qualified specialists of
tomorrow, the company will be able to draw junior staff from
within its own ranks. As of October 31, 2010, 149 apprentices
were being trained in the Miba Group (140 in the previous
year). Currently, 114 apprentices are being trained at Austrian
sites, while at Slovakian sites, 35 young people are undergoing
training.

Investments financed from Miba´s own capital resources In the first
three quarters, capital expenditures in property, plant and equipment
came to EUR 22.1 million (previous year: EUR 10.8 million) and were
funded entirely through cash flow from operations (EUR 66.9 million).

Free cash flow (cash flow from operations minus cash flow from
investment activities) totaled EUR 17.3 million or 5.5 percent of
sales and contributed to the increase of net cash.

Net cash went up since the last reporting date on January 31, 2010,
by EUR 14.3 million to EUR 21.4 million. Group equity rose since the
last reporting date on January 31, 2010, by EUR 32.2 million to EUR
239.0 million. Thus, the equity ratio was at 55.2 percent.
Together with a robust financing structure, it ensures the
financial autonomy and independence of the Miba Group.

Managing the economic recovery and shaping our future

We anticipate a stable and high production level in all segments for
the rest of the year. However, customers´ order call-offs can be at
very short notice, and cost pressure is mounting. "As quickly as
the markets went into a tailspin, so rapid is the recovery now. We
now need to manage this uptrend successfully, retaining as much
flexibility as possible in order to be able to react in the short
term to customers´ requirements," explains Chairman and CEO
Peter Mitterbauer.

In the coming months, continuing integration of the newly acquired
companies EBG and DAU into the Miba Group will be particularly
important. Miba Friction Group is working hard on the preparations
for the takeover of the friction lining business from Hoerbiger.
Machinery and equipment will be relocated from Hoerbiger in Germany
to Miba sites in Roitham and Vráble, which will mean
significant growth for both sites.

Miba is future-oriented. Expansion into new business fields is
complementing growth in our core segments and is helping Miba to
achieve the ambitious targets set forth in the corporate vision
statement "Miba 2015".

end of ad-hoc-announcement

================================================================================
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, friction materials, coatings and power
electronics components for motor vehicles, railways, ships, aircraft
and power stations are produced at 16 sites worldwide. Miba products
make vehicles more efficient, safer and more environmentally
friendly. Miba has around 3.000 employees, over half of whom work at
the Austrian sites in Laakirchen, Vorchdorf and Roitham. In the 2009-
2010 business year, sales of the listed company totaled EUR 311.8
million with an operating result (EBIT) of EUR16.4 million.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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