Good Start for Miba

IndustrialsAutomotive ♦ Published: June 8, 2012; 11:30 ♦ (Vindobona)

The Austrian automotive component supplier achieved a substantial rise in revenues and profits in the first quarter of 2012/13.

Good Start for Miba / Picture: ©

Miba, strategic partner to the international engine and automotive industry, had a good start in the new business year. First quarter sales and level of orders showed encouraging increase. Consolidated sales in the first quarter 2012-2013 (February 1 to April 30) soared by 16 percent in comparison to the same period last year, to € 160.9m. EBIT (earnings before interest and taxes)…