MIBA AG 
By
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.
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.
|
distributed by
|
