EANS-Adhoc: Miba Aktiengesellschaft / 1st quarter 2013-2014: Miba holds its ground in challenging market environment

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Financial Figures/Balance Sheet/quarterly report
05.06.2013

1st quarter 2013-2014: Miba holds its ground in challenging market
environment

Laakirchen, June 5, 2013. The Upper Austrian technology group Miba
AG, listed in the standard market auction segment of Wiener Börse AG,
held its ground in the first quarter of 2013-2014 despite the highly
challenging market environment. Consolidated sales in the first
quarter of 2013-2014 (February 1 to April 30) equaled EUR 153.5
million, which corresponds to a decline of EUR 7.4 million, or 4.6
percent, when compared to the very good first quarter of 2012-2013.
EBIT (earnings before interest and taxes) equaled EUR 17.8 million,
which was below the previous year's figure by EUR 2.4 million.

In the first three months of the business year, Miba invested almost
EUR 8 million (previous year: EUR 14.8 million). These investments
went into capacity expansions and measures to improve productivity at
all sites. The investment volume for the year as a whole is planned
to be kept at least at the same level as in the previous year (EUR 51
million).

Miba benefits from its solid liquidity base and its financial
independence reflected in the consistently high equity ratio (April
30, 2013: 52.6 percent).

As of the reporting date on April 30, 2013, Miba had 4,451 employees
worldwide (including leased staff), 2,200 of which work at the
Austrian sites. Since the first quarter of the previous year, Miba
has taken on many of the leased employees on a full-time basis at the
Austrian sites. The Group created other new jobs primarily at the
sites in China and the USA.

Despite the cautiously optimistic outlook of the International
Monetary Fund, which anticipates global economic growth of 3.3
percent in 2013, the development in Miba's sales markets is difficult
to predict in the medium term. Therefore, Miba does not rely on
further growth for the 2013-2014 business year as a whole, but
expects a noticeable recovery in the longer term, particularly in the
USA and China. Miba will invest more than EUR 30 million in
additional production capacities at the site in China over the next
few years. In the USA, the Company is preparing for another major
order from the North American construction equipment industry.
Investments are also planned for the sites in Austria, for example in
a new input stock production line for bearings in Aurachkirchen.

end of ad-hoc-announcement ==========================================
====================================== Miba Group The listed company
Miba AG (WKN 872002) is among Austria's leading industry and
technology corporations. Founded in Laakirchen, Upper Austria, in
1927, today the high-tech group engineers and manufactures its
products at more than 20 sites in eleven countries. Miba products can
be found in passenger vehicles, trucks, construction equipment,
trains, ships, aircraft and power plants of the world's leading
manufacturers. The Company specializes in bearings, friction
materials, sintered components and coatings. In addition, Miba
produces the passive electronic components such as resistors and
cooling systems that are needed, for example, in power transmission
systems. Furthermore, the Company engineers and produces special
machinery for high-precision machining of large components. Miba
employs more than 4,300 employees, half of them in Austria. Sales in
the 2012-2013 business year equaled EUR 606.6 million, with earnings
before interest and taxes (EBIT) of EUR 69.9 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
External Communications Manager / Investor Relations
Tel.: +43/7613/2541-1119
mailto: valerie.weixlbaumer@miba.com

Investoren/Analysten
MMag. Markus Hofer
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:markus.hofer@miba.com

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