EANS-Adhoc: Miba Aktiengesellschaft / Miba financial statements 2013-2014: record levels of investment in the future

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Financial Figures/Balance Sheet/annual report
07.05.2014

Laakirchen, May 7, 2014 Miba AG, , a strategic partner to the
international engine and automotive industry which is listed on the
Vienna Stock Exchange in the standard market auction segment,
increased its group revenue slightly in the past fiscal year
(February 1, 2013, to January 31, 2014) to EUR 610.2 million; EBIT
rose to EUR 70.2 million.

Overall, Miba's performance in fiscal year 2013-2014 was in line with
expectations, although performance in the various submarkets was
quite varied. While demand in shipbuilding and mining was weak, the
market for agricultural commercial vehicles was stable. Heavy trucks
showed signs of recovery in the last months of the fiscal year and
the demand trend for the global automotive industry (passenger
vehicles) was above average.

A solid capital and financial structure The equity ratio remains at
the high level of 54.6 percent (previous year: 52.6 percent), which
reflects Miba's solid capital and financial structure and ensures its
financial independence. Cash flow from operations totaled EUR 103.2
million (previous year: EUR 116.6 million), with Miba once again
fully financing its investments in fixed assets through the Group's
own capital resources.

Investments in the future reach an all-time high The Company invested
EUR 96.3 million in total, and thus 20 percent more than in the
previous year, spending EUR 68.1 million on the global expansion of
capacity, EUR 26.7 million on research & development and
EUR 1.5 million on training and continuing education. The majority of
the investment was used to expand premises and capacities at the
sites in China, the USA and Slovakia.

Skilled personnel in training - also a record With a total of 177
young people in training (over three-quarters of which in Austria),
Miba was able to continue to increase the number of apprentices even
in times of skilled personnel shortages.

Including agency staff, Miba employed a total of 4,670 members of
staff globally at over 20 sites as of January 31, 2014. This equates
to an increase year-on-year of 284 employees. As in the previous
year, the largest increase in the number of employees took place at
the Chinese site in Suzhou, although the number of employees in
Austria also rose.

Outlook: continuing drive for growth Miba is expecting further growth
despite a persistently volatile market environment. China and the USA
are still regarded as the markets of the future for Miba's products
and technologies, which is why the Company is continuing to
strengthen its activities in these regions.

The 2013-2014 Miba Annual Report will be published at
http://www.miba.com/Investor_Relations-Annual_Reports,107,en.html at
the end of May.

end of ad-hoc-announcement ==========================================
====================================== About 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 twelve countries. Miba products
can be found in the passenger vehicles, trucks, construction
machinery, 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 4,600 members of staff. Revenue in fiscal year
2013-2014 amounted to EUR 610.2 million, while earnings before
interest and tax (EBIT) were EUR 70.2 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Investor Relations
Tel.: +43/664/5416364
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