This is an increase of € 38.3 million, or 8.%, compared to the first three quarters of 2013–2014.
However, “while expectations for the full year are positive, the outlook for 2015 is subdued due to the weak investment climate and the potential effects from geopolitical tensions,” the company said in a press release.
“In the third quarter, we have again benefited from the positive performance in many of our sales markets and have exploited the resulting market opportunities well,” said chairman of the management board, F. Peter Mitterbauer. “At the same time, we are, however, confronted by weaknesses in other markets that have already persisted for some time.”
Product range
“Thanks to our broad product portfolio, we were able to compensate for the weaknesses in some sectors with a strong performance in others. The range of products, from power electronics components to engine bearings and friction materials right through to sintered components stands us in good stead,” he added.
Miba plans to invest more heavily in the USA and China where there are the greatest opportunities for growth. In March and July, Miba completed the expansions of its sites in China and in the USA, and rhe aim now is to fill these additional premises with new orders. In the first nine months of the fiscal year, Miba invested a total of € 36.1 million in capacity expansions and in measures to improve productivity, thus remaining true to its expansive investment strategy.
