EANS-News: Miba Aktiengesellschaft / Stable Revenue and earnings in the first half of the year

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6-month report

Laakirchen, September 7, 2016. In the first half of 2016-2017, Miba
AG held revenue at the previous year's level, despite the difficult
situation in the capital goods markets. No significant change is in
sight for the second half of the year. Nevertheless, 200 new
employees were hired, and approximately 170 young people are in
apprenticeships.

Miba AG's revenue in the first half of 2016-2017 (February to July)
was EUR 376.5 million (previous year: EUR 375.2 million). Earnings
before interest, tax, depreciation and amortization (EBITDA) declined
slightly to EUR 74 million (following EUR 76.7 million). Earnings
before interest and tax (EBIT) improved to EUR 51.5 million due to
the rigid cost control in all areas (following EUR 49.7 million).

With regard to business development in the first half of the year,
last year's picture continues. Strong demand from the automotive
sector is offset by a further weakening of the capital goods
industry. Miba benefited from positive developments in the automotive
industry in all regions. At the same time, the demand for
construction machinery and mining equipment, tractors, compressors,
ships and locomotives declined further. The sole positive exception
in these sectors was the truck markets in Europe and China.

Miba continues to invest even in this challenging environment.
Purchases of property, plant and equipment and intangible assets in
the first half of 2016- 2017 amounted to EUR 31.9 million and
remained thus at the previous year's level (EUR 32.9 million).

Group equity at the end of July was EUR 439.9 million (January 31,
2016: EUR 462.0 million). The equity ratio as of July 31, 2016 was
55.3 percent, slightly below the level on January 31, 2016 (57.2
percent).

As of the July 31, 2016 reporting date, the Miba Group had 5,583
employees worldwide, including agency staff, which corresponds to an
increase of just under 200 employees compared to the previous year.
Miba had 167 apprentices at mid-year. On September 1, 2016, 31 young
people commenced their training at the Upper Austrian sites.

Over the short and mid-term, Miba expects stable growth in the
automotive industry in almost all regions. For the capital goods
markets, however, the Company does not see any improvement in the
situation until 2017. We are actually afraid that the situation in
these markets could again deteriorate slightly. In order to continue
its success over the long term, in addition to its established lines
of business, Miba is focusing on developments in the e- mobility and
digitalization segments.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
Tel.: +43/664/5416364
mailto: valerie.weixlbaumer@miba.com

end of announcement euro adhoc
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company: 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