EANS-Adhoc: Miba Aktiengesellschaft / Quarter 1, 2014-2015: Miba markets are gaining momentum

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Annual Reports/3-month report
04.06.2014

Laakirchen, June 4, 2014 The upper Austrian technology group Miba AG,
listed in the standard market auction segment of Wiener Börse AG;
continued its positive performance from the previous year in the
first quarter of 2014-2015 (February 1 to April 30). Consolidated
revenue amounted to EUR 163.5 million, which equates to an increase
of EUR 10 million, or 6.5 percent, compared to the first quarter of
2013-2014. EBIT (earnings before interest and tax) amounted to EUR
19.3 million and was therefore EUR 1.5 million above the prior-year
comparative.

The economic upturn of the past few months has also been in evidence
in Miba's most important sales markets, which picked up momentum. The
automotive industry and the heavy truck market in particular had
performed very positively in Europe, the USA and China, with growth
in these sectors compensating for weaknesses in, for example, the
shipbuilding or mining markets.

In order to be prepared for further growth, Miba is focusing on
extensive investment. In the first three months of the fiscal year,
Miba therefore invested EUR 12.3 million in the expansion of capacity
and in measures to improve productivity (previous year: EUR 8.0
million). Capital expenditure volumes for the whole year are budgeted
to be at least at the same level as in the previous year
(EUR 68.1 million).

As of the April 30, 2014, reporting date, Miba employed 4,752 members
of staff globally (including agency staff), and thus 300 employees
more than a year ago. Increases in staff numbers occurred mainly in
China, Slovakia and Austria.

For the medium to long term, the Company is expecting sustainable
growth which will primarily take place in China and in the USA.
That's why Miba is intensifying its activities in these regions. In
addition to its focus on expansion, Miba is continuing to work on
measures to improve efficiency and quality as well as on intensive
product and technology development in all areas.

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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, half of which are
based in Austria. 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