Miba increases sales and earnings
May 13, 2013
The Miba Group has reported consolidated sales of EUR 606.6 million for 2012, an increase of 2.4% compared to the previous year. Earnings before interest and taxes (EBIT) also increased to EUR 69.9 million, up 4.2% from 2011 figures. In 2012 the Group invested a total of EUR 80 million in capacity expansion, research and development, and training and continuing education programs.
“While we welcomed the high level of demand for our components for engines and transmissions in the first half-year, this trend did not continue in the second half-year,” stated Peter Mitterbauer, Chairman of the Management Board.
F Peter Mitterbauer will take over the position of
Chairman of the Management Board in July
(courtesy Miba)
“This means we are now focusing all the more on measures such as the Group-wide standardization of core processes and on our intensive preparations to launch new products in all divisions. In doing so, we are creating the best foundations for continued profitable growth in a volatile market environment,” added F. Peter Mitterbauer, who will take over the chairmanship of the Management Board from his father this July.
As of January 31, 2013, Miba had 4,386 employees (including leased employees) at more than 20 sites worldwide. This figure represents an increase of 87 employees over the previous year.
