- Annual revenue rises by 11 percent to EUR 985 million (previous year: EUR 888 million)
- Revenue and headcount more than double since 2010 – over 1,100 additional jobs created in Austria during that period
- Capital expenditure at record high: EUR 128 million for property, plant and equipment and R&D in the past fiscal year
- EUR 100 million to be invested in e-mobility in the period to 2025 and a Miba eMobility cluster to be created in Vorchdorf
Miba AG showed strong growth again in fiscal year 2018–2019 (February 1, 2018 to January 31, 2019). Revenue rose by EUR 97 million or 11 percent year on year to EUR 985 million, taking the technology group another step closer to the revenue target of one billion euros set out in the Miba 2020 – Dynamic Evolution strategy.
Revenue more than doubles since 2010, rising by over half a billion euros
Annual revenue has more than doubled since 2010, rising by over half a billion euros. Miba generates 51 percent of its revenue in the industrial goods business and 49 percent in the automotive segment. “The past fiscal year saw challenging market conditions in the automotive segment and showed once again that, with its very broad product portfolio and its focus on a number of regional markets, Miba is very well prepared to manage volatility in individual market segments,” says F. Peter Mitterbauer, CEO of Miba AG.
Thanks to financial stability and independence as a family-owned company: Investments and spending on training and education at an all-time high
Miba’s investments reached an all-time high of EUR 128 million in the past fiscal year. The Group invested EUR 87 million in property, plant and equipment and intangible assets and EUR 41 million in research and development. Spending on training and education for Miba employees rose by almost 20 percent to EUR 2.6 million. “By investing in our plants, in research and development and in our employees’ expertise, we are creating the basis for our further growth,” explains Miba CEO F. Peter Mitterbauer. “Thanks to our financial stability and our independence as a family-owned company, we are best placed to invest over the long term and with a steady hand. This enables us to safeguard existing jobs and create new ones.” In doing so, Miba is maintaining its dual approach of both growing its existing business and leveraging the opportunities arising from electrification and digitalization.
Investments create over 1,100 jobs in Austria
Miba is currently building three new plants in China and India so as to best accommodate the strong growth in Asia. In China alone, Miba will invest around EUR 100 million over the five years between 2018 and 2022. In Vorchdorf in Upper Austria, Miba is building an eMobility Cluster, where the Group’s expertise from electrification and the automotive sector will be integrated. In total, Miba will invest more than EUR 100 million in e-mobility in the period to 2025, the aim being to play a proactive role in shaping the market. “In Vorchdorf, we are planning to build additional capacity for the e-mobility business,” states Miba CEO F. Peter Mitterbauer. “By doing so, we are maintaining our strategy of investing heavily in Austria as well as growing globally.” Investments in the Austrian sites alone amounts to around EUR 285 million between 2010 and 2019. Miba has thus created over 1,100 additional jobs in Austria since 2010, more than 1,000 of them in Upper Austria.
Taking a stance and assuming responsibility
At a time of major societal, technological and economic change, Miba as a family-owned company stands for clear values and a clear stance. “Entrepreneurship means assuming responsibility,” explains Miba CEO F. Peter Mitterbauer. “Every day, our employees make a key contribution to our success through their ideas, their hard work and their expertise. We therefore consider it important to be an employer that offers its employees secure jobs and a stable environment, provides them with opportunities for continuing personal growth, is mindful of their health and supports them in balancing career and family.” Miba therefore operates a daycare center for employees’ children, for example, offers vacation childcare during the summer, organizes health programs, operates a gym room at the Laakirchen site and offers an extensive training and continuing education program.
The Company also partners with and supports education, social and cultural initiatives. “Business success entails a responsibility to give something back,” says F. Peter Mitterbauer. “Going forward, we therefore wish not only to keep on growing as a company, but also to continue to assume responsibility and give some of our success back to our employees and society.”