According to the company, all its business segments have grown, with the strongest growth of around 30% being achieved by Miba’s Friction Materials segment, which at €220 million contributes almost 25% to Miba's total sales.
Miba's Power Electronics Group grew by about a quarter to annual sales of almost €70 million.
"The growth driver in the past fiscal year was once again our clear claim that Miba technologies contribute to greater energy efficiency as an important basis for sustainability and climate protection," said CEO F Peter Mitterbauer. "11% of our sales already come from products for clean energy generation and transmission – driven strongly by our growth with technologies for wind energy, for hydropower and for efficient power grids."
The company says that it has invested €60 million in its eMobility business and aims to invest another €500 million to achieve growth of 50% by 2027, reaching annual sales of €1.5 billion, with products for greater efficiency and sustainability.
"We see great opportunities not only in the automotive industry, which is expected to grow strongly again in the medium term following the current challenges in the supply chains. Municipal and commercial vehicles, motorcycles and boats or forklifts in production are also increasingly being electrified," said Mitterbauer.
