EANS-Adhoc: Miba Aktiengesellschaft / 1st Quarter 2011-2012: Miba continues its growth course

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quarterly report

10.06.2011

1st Quarter 2011-2012: Miba continues its growth course

- Sales soar by 41.5 percent to EUR 138.7 million
- Level of orders reaches peak level of EUR 260 million
- Growth investments at all sites

Miba, strategic partner to the international engine and automotive
industry, got an excellent start in the new business year. First
quarter sales and level of orders showed very encouraging progress.
Consolidated sales in the first quarter 2011-2012 (February 1 to
April 30) soared by 41.5 percent in comparison to the same period
last year, to EUR 138.7 million. Despite the rise in productivity,
earnings before interest and taxes (EBIT) of EUR 13.6 million was
only slightly above the level reported in the previous year (EUR 13.5
million).

"Thanks to the positive development of our target markets and our
orientation toward high technology, we are able to report tremendous
growth in sales in the first quarter. The majority stems from the
organic growth, but our new companies have also contributed to sales
growth by a third already," says Peter Mitterbauer, Chairman of the
Management Board of the Miba Group. Miba Sinter Group accounted for
the largest proportion of Group sales at 38 percent, followed by Miba
Bearing Group with 32 percent. Miba Friction Group contributed
approximately 20 percent to consolidated sales. Almost ten percent
came from the newly established New Technologies Group.

Despite the rise in productivity, EBIT of EUR 13.6 million was only
slightly above the level reported in the previous year (EUR 13.5
million). Increasing prices of energy and raw materials as well as
currency translation losses had an effect on earnings in the first
quarter.

In the first three months of the new business year, Miba invested
approximately ten million euro (previous year: EUR 3.8 million). A
substantial part of these investments were dedicated to the expansion
of production capacities at all sites. As in the past, Miba financed
these investments entirely from cash flow from operations and thus
from Miba´s own capital resources. Cash flow from operations stood at
EUR 12.6 million (previous year: EUR 19.8 million).

Miba secured its financial independence and autonomy through a solid
financial structure and its sustained high equity ratio of 54.2
percent (balance sheet date: 54.9 percent).

Peak level in order book As of April 30, 2011, the level of orders
reached a new peak level of EUR 260.0 million, which is almost EUR 40
million higher than the figure reported at the end of the past
business year. "Miba is benefitting tremendously from the global
upturn. For the business year as a whole, we anticipate consistently
strong demand and corresponding full capacity utilization at all of
our plants. The challenge is to take the short-term customer requests
with a high degree of flexibility," says Mitterbauer.

| | Q1 2011-12 | Q1 2010-11 | Q1 2009-10 |
|Sales (in EUR million) |138.7 |98.0 |74.3 |
|EBIT (in EUR million) |13.6 |13.5 |1.2 |
|Investments (in EUR million) |9.9 |3.8 |5.1 |
|Number of employees (as of April |3,580 |2,720 |2,633 |
|30, 2011) | | | |

More than 280 new employees

As of the April 30, 2011, reporting date, Miba employed 3,580
employees worldwide, 1,800 of which at the Austrian sites. In
comparison to the balance sheet date at the end of January, Miba has
added 282 new employees to its roster. Approximately half of the
personnel build-up took place at the Miba sites in Slovakia. Now,
more than 1,000 Mibarians work there. At the Austrian sites, there
were almost 80 new jobs created in the first quarter. Miba promotes
junior staff from within its own ranks and continuously invests in
apprentice training. More than 30 young men and women will start
their training in September at the Austrian sites and approximately
15 youth in Slovakia.

Miba relies on proven strategy In the current year, more than EUR 50
million will be invested in capacity expansion and future growth; of
this figure, approximately half is dedicated to the Austrian sites.
Miba is present in the growth markets of the USA, China, India and
Brazil, and continues to expand its international network. The
Company consistently pursues its path of growth, and continues to
count on the strategy of maintaining and expanding its leading
position in economically attractive, technologically demanding market
segments.

end of ad-hoc-announcement ==========================================
====================================== 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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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

ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Mag. Valerie Weixlbaumer
Corporate Communications
Tel.: +43/7613/2541-1119
mailto: valerie.weixlbaumer@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