Miba reports strong demand from automotive sector

September 2, 2015

Miba AG, Laakirchen, Austria, has reported a positive revenue and earnings performance in the first half of 2015–2016 due to favourable currency translation effects and strong demand from the automotive sector. However, the momentum from the company’s first quarter results did not continue to the same extent in the second quarter and a further downturn in growth is expected for the second half of the year.

Revenue in the first half of 2015–2016 (February to July) rose by 14% to €375.2 million, with most of this revenue growth based on foreign currency effects and company acquisitions. The share of organic growth however declined from the first to the second quarter. Earnings before interest and tax (EBIT) improved to €49.7 million (from €41.9 million), which equated to an EBIT margin of 13.3% (previous year: 12.7%). The positive earnings performance was strongly supported by currency translation effects.

“The business has performed in line with expectations thanks to the momentum from the currency situation. Demand from the automotive sector, which was still strong, contrasted with a marked slow-down in the capital goods sector at a global level,” stated Miba’s Chairman of the Management Board, F. Peter Mitterbauer.

In Europe, Miba benefited from the positive performance of the passenger vehicle industry. Business in America had been satisfactory, but revenue growth was almost exclusively based on currency translation effects. In Asia, Miba felt the sharp downturn in trucks, construction machinery and agricultural equipment while it was still possible to compensate for the markedly declining passenger vehicle market; the currency situation which was more favourable for Miba also had a supporting effect.

As of July 31, 2015, the Miba Group employed 5,385 members of staff (including agency staff) globally, which corresponds to a year-on-year increase of over 300 employees.

www.miba.com 

 


Subscribe to our FREE e-newsletter

Register to receive our FREE e-newsletter and a complimentary digital subscription to Powder Metallurgy Review magazine.

Useful links: Download PM Review magazine | News headlines | Browse articles 



 

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link