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Profitable Growth for Automotive Supplier Miba

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September 15, 2010

Austrian automotive components supplier Miba saw an encouraging revenue growth of 37 percent in the first half of 2010. 

From February to July 2010, Miba Group saw an impressive revenue growth up to EUR 203.1 million (37 percent over 148.5 million in the first half of 2009). The company’s EBIT went up to EUR 27.9 million with an EBIT margin at 13.7 percent. This positive course of business is expected to continue in the second half of 2010, partly reflected by a promisingly high level of incoming orders in all business segments.

Miba Group operates four production facilities in the US (11 sites worldwide). In 2010 alone, Miba has increased its number of employees by 333, reaching a total of 2874 employees worldwide. The group’s equity ratio amounted to 57.9 percent. Miba’s investment in fixed assets of EUR 18.3 million was entirely funded from operating cash flow (EUR 46.5 million).  

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Miba Company Website
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