Miba Reports Strong Growth in Sales

Industrials › Industrial Goods ♦ Published: September 9, 2011; 17:49 ♦ (Vindobona)

The Austrian component supplier achieved a sales increase of 38.5% in the first half of FY 2011/12. EBT amounted to € 28.6m, slightly higher than in the previous year.

Miba Reports Strong Growth in Sales / Picture: © Miba

Miba, strategic partner to the international engine and automotive industries, continues to profit from consistently strong demand in its core markets. Consolidated sales in the first half of 2011-2012 (February 1 to July 31) soared by 38.5% over the same period last year, to € 281.3m. By contrast, earnings before taxes (EBT) in the amount of € 28.6m are only slightly higher than…

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