Miba AG’s consolidated revenue climbed by 7% to €719.1 million in the past fiscal year (1 February 2015 to 31 January 2016).

Consolidated revenue climbed by € 49.8 million year on year to € 719.1 million. Earnings before interest and tax (EBIT) amounted to € 82.9 million (2014/2015: € 81.9 million).

According to the company, investments in property, plant and equipment reached a new all-time high of almost €80 million and those in research and development reached a record €31.8 million. The number of employees also continued to rise. As of 31 January 2016, Miba had 5,397 members of staff working at 22 sites worldwide. 

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, the company said. ‘The past fiscal year has proven once again how important our diversified business model is, especially in volatile times, and that flexibility and continuous development are the watchwords,’ said CEO F Peter Mitterbauer.

Positive trend

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.

‘We operate in markets driven by the megatrends mobility and energy and therefore expect stable to positive performance in most of our markets over the long term,’ said Mitterbauer. ‘The dynamic environment we are operating in at present and rapid technological progress demand an even sharper focus on innovation and technology. Only in this way can we offset any sustained market weakness through an appropriate increase in new product launches and thus continue to extend our technology and product leadership.’

This story is reprinted from material from Miba, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.