EANS-Adhoc: Miba Aktiengesellschaft / 1st Half-Year 2013-2014: Miba is sticking to long-term growth plans

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Mid Year Results
04.09.2013

ADHOC NEWS

1st Half-Year 2013-2014: Miba is sticking to long-term growth plans

Laakirchen, September 4, 2013 Despite significant reductions in
demand in some of its sales markets, the Upper Austrian technology
group Miba AG, listed in the standard market auction segment of
Wiener Börse AG, was, in the first half of 2013-2014 (February 1 to
July 31), able to maintain its group revenue and profit roughly at
prior-year levels.

Consolidated revenue amounted to EUR 308.2 million, which equates to
a reduction of 3.7 percent compared to the first half of 2012-2013.
EBIT (earnings before interest and tax) amounted to EUR 35.7 million
and was thus only EUR 0.9 million lower than the prior-year
comparative.

As of the July 31, 2013, reporting date, Miba employed 4,540 members
of staff globally (including agency staff), of which 116 were
apprentices at sites in Austria, Slovakia and the USA. Moreover, at
the beginning of September, 32 new apprentices started their
apprenticeships at Austrian sites. Miba will take on 20 apprentices
at the Slovakian sites in the fall.

Medium to long-term forecasts for Miba's sales markets point to a
sustainable upturn which, geographically speaking, will occur mainly
outside Europe. Miba is thus sticking to its expansive investment
policy, even in the current environment. In the first six months of
the fiscal year, Miba invested EUR 25.6 million (previous year: EUR
29.5 million) in the expansion of capacity and in measures to improve
productivity at all sites. Capital expenditure volumes for the whole
year should at least be at or around the same level as in the
previous year (EUR 51 million).

end of ad-hoc-announcement ==========================================
====================================== The Miba Group Miba AG, which
is a listed company (WKN 872002), is one of Austria's leading
industrial and technology companies. Formed in Laakirchen in Upper
Austria in 1927, the high-tech group today develops and manufactures
its products at more than 20 sites in eleven countries. Miba products
can be found in the passenger vehicles, trucks, construction
equipment, trains, ships, aircraft and power plants made or built by
the respective leading global manufacturers. The Company specializes
in engine bearings, friction materials, sintered components and
coatings. In addition, Miba manufactures passive electronic
components such as resistors and cooling systems which are needed,
among other things, in power transmission systems. Moreover, the
Company develops and manufactures special machinery for
high-precision machining of large components. Miba employs more than
4,300 members of staff, half of them in Austria. Revenue in fiscal
year 2012-2013 amounted to EUR 606.6 million, while earnings before
interest and tax (EBIT) were 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
CFO
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