EANS-Adhoc: Miba Aktiengesellschaft / First Quarter of 2010-2011: Miba Makes a Strong Start to the New Business Year

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quarterly report

11.06.2010

First Quarter of 2010-2011: Miba Makes a Strong Start to the New
Business Year

- Sales increase by 31.9 percent to EUR 98.0 million
- Earnings before interest and taxes return to pre-crisis level
- Takeover of British coating specialist Teer Coatings Ltd. in April
- Opening of the new sinter production site and a new production line for
high-performance engine bearings in the USA in June

Miba, strategic partner to the international engine and automotive
industry, had a strong start to the new business year. Results and
new orders significantly surpassed expectations in the first quarter.
Group sales increased during the first quarter of 2010-2011 (February
1 to April 30) to EUR 98.0 million, a 31.9 percent rise from the same
period the previous year. Sales have thus nearly returned to the
level of the strong first quarter of 2008. Earnings before interest
and taxes (EBIT) totaled EUR 13.5 million, considerably above the
previous year´s level of EUR 1.2 million for the same period. The
EBIT margin reached 13.7 percent, a very good level in industry
comparison.

"Miba has emerged from the crisis even stronger than before thanks to
our persistent focus on high technology and our strict cost
management. We have a sound financial structure and we´re equipped
for the challenges and opportunities the future will bring," says
Peter Mitterbauer, Chairman of the Miba Management Board. In April
Miba took over Teer Coatings Ltd., Droitwich, UK. The know-how of
this British coatings specialist will enable Miba to now offer its
customers an even broader range of coating solutions.

During the first quarter of 2010-2011, the Miba Group continued to
focus its activities on strategic management of working capital and
on strengthening liquidity. Miba´s earnings before taxes (EBT)
totaled EUR 13.4 million, compared to EUR 0.6 million for the same
period the previous year.

Investments in property, plant and equipment amounted to EUR 3.8
million in the first quarter of 2010-2011 and were once again
financed entirely from operational cash flow (EUR 19.8 million). Free
cash flow (cash flow from operations minus cash flow from investment
activities) totaled EUR 11.2 million.

Sound financial structure ensures Miba´s independence Net cash
increased again to total EUR 18.9 million as of April 30, 2010 (EUR
7.1 million as of January 31, 2010). Group equity amounted to EUR
221.1 million as of April 30, 2010 (EUR 206.8 million as of January
31, 2010), an equity ratio of 59.5 percent. A sound financial
structure and a solid equity base ensure the financial independence
and autonomy of the Miba Group.

| |First |First Quarter|First Quarter|
| |Quarter |2009-2010 |2008-2009 |
| |2010-2011 | | |
|Sales (in EUR million) |98.0 |74.3 |102.2 |
|EBIT (in EUR million) |13.5 |1.2 |13.3 |
|Investments (in EUR million) |3.8 |5.1 |11.3 |
|Number of employees (as of April |2,720 |2,633 |2,813 |
|30, 2010) | | | |

As of April 30, 2010, Miba had 2,720 employees worldwide. In
comparison to the previous reporting date (January 31, 2010), this
represents an increase of 3.8 percent or 100 employees. Adjusted for
the employees of Teer Coatings Ltd., Droitwich, UK, who were included
in the employee figure for the first time on April 30, 2010, the
increase totaled 1.6 percent or 42 employees. The expansion of the
Miba workforce took place primarily at the sites in Slovakia and
China.

Solid progress in incoming orders The Miba Group´s level of new
orders also reflected the recovery in the company´s target markets.
As of April 30, 2010, orders totaled EUR 160.3 million, 13.2 percent
higher than the level at the end of the previous business year (EUR
141.6 million as of January 31, 2010). "The second half of this year
will show whether this progress proves sustainable. We are confronted
with strong fluctuations in customer call-offs of orders. This
demands a high degree of flexibility on our part while making it more
difficult for us to plan and to make reliable forecasts," says Peter
Mitterbauer, Chairman of the Miba Management Board.

Miba relies on a proven strategy Under these challenging market
conditions, Miba continues to count on technology leadership and
competitive cost structures while making a solid liquidity base and a
highly skilled team top priorities. With the opening in the USA of a
new sinter site at the end of June 2010 and a new line for high-
performance engine bearings, Miba is meeting the demand for
energy-efficient high-performance transmission components and is
therefore where the customer needs it.

end of ad-hoc-announcement

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner of

the international engine and automotive industry. At eleven sites
around the world, it manufactures sintered components, engine
bearings and friction materials for vehicles, trains, ships, aircraft
and power plants. Miba’s products make vehicles more efficient, safer
and more environmentally friendly. The group has around 2,600
employees, more than half of whom work at its Austrian sites in
Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year, the
sales of the listed company were EUR 311.8 million with earnings
before interest and taxes (EBIT) of EUR 16.4 million.

end of announcement euro adhoc
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ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Mag. Eva Almhofer-Amering

Corporate Communications

Tel.: +43/7613/2541-1117

mailto: eva.almhofer@miba.com

Investoren/Analysten

Mag. Hannes Moser

Vice President Corporate Finance

Tel.: +43/7613/2541-1138

mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market