EANS-Adhoc: Miba Aktiengesellschaft / Miba AG: Positive revenue and earnings performance in the first half of the year / Current market trends dampen growth expectations

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Mid Year Results/6-month report
02.09.2015

Laakirchen, September 2, 2015. Miba AG, which is a listed company,
recorded a positive revenue and earnings performance in the first
half of 2015-2016 due to favorable currency translation effects and
strong demand from the automotive sector. However, the momentum from
the first quarter did not continue to the same extent in the second
quarter. A further downturn in growth is expected for the second half
of the year.

Revenue in the first half of 2015-2016 (February to July) rose by
14.0 percent to EUR 375.2 million. Most of this revenue growth was
based on foreign currency effects and company acquisitions; the share
of organic growth however declined from the first to the second
quarter. Earnings before interest and tax (EBIT) improved to EUR 49.7
million (after EUR 41.9 million), which equated to an EBIT margin of
13.3 percent (previous year: 12.7 percent). The positive earnings
performance was strongly supported by currency translation effects.

Demand from the automotive sector, which was still strong, contrasted
with a marked slow-down in the capital goods sector at a global
level. In Europe, Miba benefited from the positive performance of the
passenger vehicle industry. Business in America had been
satisfactory, but revenue growth was almost exclusively based on
currency translation effects. In Asia, Miba felt the sharp downturn
in trucks, construction machinery and agricultural equipment while it
was still possible to compensate for the markedly declining passenger
vehicle market; the currency situation which was more favorable for
Miba also had a supporting effect.

Investments in property, plant and equipment and intangible assets
amounted to EUR 32.9 million in the first half of 2015-2016 (previous
year: EUR 24.8 million).

Group equity as of the end of July was EUR 449.2 million (January 31,
2015: EUR 422.0 million). At 56.9 percent, the equity ratio as of
July 31, 2015, remained unchanged from the January 31, 2015, level
(56.9 percent).

As of the July 31, 2015, reporting date, the Miba Group employed
5,385 members of staff (including agency staff) globally, which
corresponds to a year-on-year increase of over 300 employees.

The persistent downturn in the capital goods industry will lead to a
further slowdown in Miba's growth in the second half of 2015-2016.
Growth will primarily be sustained by the automotive industry; Miba
expects demand in most other sectors to stagnate. Geopolitical
uncertainties, the volatile situation in the financial markets and
the current weakness of China make it difficult to accurately predict
medium-term performance. Overall, Miba regards its target of up to 5
percent organic growth as achievable for the full year despite the
economic downturn. Miba is expecting a slight improvement in earnings
quality for the full year due to more favorable currency trends.

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 22 sites in eleven 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
5,000 members of staff. Revenue in fiscal year 2014-2015 amounted to
EUR 669.3 million, while profit before interest and tax (EBIT) was
EUR 81.9 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
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