EANS-News: Miba Aktiengesellschaft / Miba financial statements: record capital expenditure of over EUR 110 million

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Financial Figures/Balance Sheet

Laakirchen, April 27, 2016 Miba AG's consolidated revenue climbed by
7 percent to EUR 719.1 million in the past fiscal year (February 1,
2015, to January 31, 2016). Investments in property, plant and
equipment reached a new all-time high of almost EUR 80 million and
those in research & development a record EUR 31.8 million. The number
of employees also continued to rise. As of January 31, 2016, Miba had
5,397 members of staff working at 22 sites worldwide.

The past fiscal year showed Miba's main fields to be running at two
different speeds. While the automotive industry performed strongly,
as it had done in the previous year, Miba faced weak to downward
trends in segments of the capital goods market.

Global demand for construction machinery, mining equipment and ships
fell again in 2015. The truck market turned in a satisfactory
performance in the US and Europe, but in China declined sharply,
particularly from the second half of the year onwards. The markets
for tractors and locomotive applications were on a stable trend,
while demand for power electronics components for energy transmission
showed a slightly positive trend. Miba is an important partner to all
renowned manufacturers in the above market segments with its
development and production of engine bearings, sintered components,
friction materials, coatings, power electronics components and
special machinery.

Revenue up by EUR 50 million thanks to automotive industry and
exchange rate Consolidated revenue climbed by EUR 49.8 million year
on year to EUR 719.1 million. Earnings before interest and tax (EBIT)
amounted to EUR 82.9 million (2014/2015: EUR 81.9 million).

Investments to reinforce technology leadership Never before in Miba's
almost 90-year history has so much been invested in the future as at
present: EUR 79.2 million went into property, plant and equipment and
EUR 31.8 million into research & development. The ratio of research
expenditure to consolidated revenue was therefore 4.4 percent.

This ensures that Miba's innovative strength and technology
leadership are reinforced and thus lays the foundations for future
growth. Development work focuses on issues such as improving energy
efficiency and increasing the precision and comfort of its customers'
end products. In addition, Miba devotes detailed attention to
development projects related to e-mobility.

Almost 5,400 employees Including agency staff, Miba employed a total
of 5,397 members of staff at 22 sites worldwide as of January 31,
2016. Within a period of five years, the number of employees has
risen by 1,900, almost 400 of whom are in Austria and 650 in
Slovakia.

Miba intends to grow organically and through acquisitions Miba
increased its financial stability and independence again last year.
This is a basic requirement for organic growth and acquisition
ambitions. In addition to expanding its established lines of
business, Miba also intends to broaden its product portfolio through
acquisitions.

Although Mitterbauer the Company does not yet expect a sustained
improvement in the capital goods markets, Miba expects stable to
positive performance in most of its markets over the long term.

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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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