EANS-Adhoc: Miba Aktiengesellschaft / Annual Results for 2010-2011: Miba Engine Running at Full Speed

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05.05.2011

Annual Results for 2010-2011: Miba Engine Running at Full Speed

- Group sales with EUR 437.2 million significantly above pre-crisis level
- Increases primarily in core business
- EUR 50 million to be invested toward future growth in 2011-2012

In the past business year, Miba - strategic partner of the
international engine and automotive industry - has generated Group
sales of EUR 437.2 million and thus clearly exceeded pre-crisis
level. Growth is primarily derived from Miba´s core business. A new
division has been tapped through acquisitions. Over EUR 50 million
will be invested into added capacity and future growth; more than
half of it into Austrian sites.

"One year after the economic crisis, Miba is in a better position
than ever. In a challenging market environment, we were able to
achieve significant market

share gains in our core segments. Moreover, we made some strategic
acquisitions," says Peter Mitterbauer, Chairman of the Miba Management Board.
All this comes as a result of a clear strategic positioning for technological
leadership. In the past business year, five percent of sales were again
invested into research and development.

Miba has seen an increase in its Group sales 2010-2011 of 40 percent from the

previous year to EUR 437.2 million. Thirty-four percent of this
growth comes from its core segments of sintered components, engine
bearings and friction materials. Another six percent (about EUR
19.1 million) can be attributed to new acquisitions: In April
2010, Miba took over the British coatings specialist Teer Coatings;
in September, the Styrian power electronics manufacturers EBG and
DAU were acquired. Also in September, Miba took over the friction
materials business of the Swiss-based Hoerbiger Group. Along with
this takeover, Miba also purchased an Indian site in January 2011:
Miba Drivetec India is the first Miba production site in the
emerging market India.

Miba taps new division With the acquisition of EBG and DAU, Miba
has entered the field of energy technology and has established a
new division, the New Technologies Group. "Power electronics is
a key to more efficient drives and plays a decisive role in the
area of renewable energies such as wind power," says Mitterbauer.
CEO Norbert Schrüfer, until now CEO of Miba Friction Group, is in
charge of the New Technologies Group. F. Peter Mitterbauer has
succeeded him in the Miba Friction Group and has been representing
this division since February 1, 2011, at the Miba Group
Management Board as well.

Profitable growth The growth of the past business year is also
reflected in the Group´s earnings before interests and taxes
(EBIT), which has increased to EUR 54.5 million

(2009-2010: EUR 16.4 million). This profitable growth can be attributed, on the
one hand, to Miba´s leading position in technologically sophisticated and
economically attractive market niches. On the other hand, measures are
implemented at all sites to increase cost-efficiency in a consistent and
sustainable manner.

The Group´s equity ratio has reached 54.9 percent and is an expression of Miba

Group´s solid capital and financial structure. Cash flow from
operations amounted to EUR 65.8 million, which Miba again used to
finance its investments in tangible assets entirely from its own
means. These investments amounted to EUR 34.3 million (previous
year: EUR 19.3 million); approximately one third of it went into
further development of the Austrian sites.

One quarter more employees As of the balance sheet date of
January 31, 2011, Miba had about 3,300 employees at 20 sites
worldwide. This is an increase of slightly more than 25 percent
compared with the previous year. The buildup of employees is a
result of increased post-crisis demand in Miba´s sales markets as
well as of new business acquisitions. In late March 2011, Miba
already employed as many as 3,600 people; more than half of them
work at the Austrian Miba sites.

Miba is an attractive employer who offers interesting career
opportunities, among other things, through professional
apprenticeships. As of January 31, 2011, 118 apprentices were
employed at the Austrian and 36 apprentices at the Slovakian
sites.

"Our employees are the engine of our success. With their dedication,
innovative energy and their understanding of quality and
service, they contribute significantly to Miba´s growth," says
Mitterbauer.

Outlook: Sales of over EUR 500 million "We have made a crucial step
toward our vision `No power train without Miba technology´ and
we will continue on our path of profitable growth," states
Mitterbauer. In the first quarter of the current business
year, vigorous ongoing growth was registered in all markets. Miba
expects that this growth

will lead to sales of more than half a billion euro based on satisfactory
earnings.

| |2010-11 |2009-10 |
|Sales (in million EUR) |437.2 |311.8 |
|EBIT (in million EUR) |54.5 |16.4 |
|Investments in tangible assets (in |34.3 |19.3 |
|million EUR) | | |
|Investments in R&D (in million EUR) |22.6 |18.7 |
|Number of employees (as of 31.1.) |3,298 |2,620 |

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The Miba Group

Miba is an international group that produces technologically advanced and
highly resilient power train components. Miba technology and longtime
experience make vehicles, trains, ships, airplanes and power stations more
powerful, efficient and environmentally friendly. Miba has around 3,600
employees, more than half of whom work at the Austrian sites. In the 2010-11
business year, sales of the listed company amounted to EUR 437.2 million with
earnings before interests and taxes (EBIT) of EUR 54.5 million.

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

Further inquiry note:

Presse
Valerie Weixlbaumer
Corporate Communications
T: +43/7613/2541-1119
M: +43/664/5416364
valerie.weixlbaumer@miba.com

Investoren/Analysten
Hannes Moser
Vice President Corporate Finance
T +43/7613/2541-1471
hannes.moser@miba.com

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