The industrial supplier Miba recorded in Business year 2019/20 a sales of 977 million euros, a slight decline of 0.8 percent compared to the previous year Record value of 985 million euros. The company sees itself well equipped for the Corona crisis sales From 2018/19, however, it will not be reached for a long time, the company said.
More difficult environment
Global economic growth has slowed and there are also declines in the automotive business. Miba generated 53 percent of the Sales in the industrial goods business and 47 percent in the automotive sector. In addition to the automotive sector, the declines were also recorded in construction machinery and agricultural machinery, as well as in power electronics. The company publishes further results figures Laakirchen (District Gmunden) since his withdrawal from the stock exchange at the end of 2015.
30 locations
The group has 30 production sites worldwide. Distributed by region, the industrial supplier made 62 percent of its business in Europe, 22 percent in northern and South America as well as 16 percent in Asia. The figures have remained almost the same as in the previous year, with declines in all markets. The number of employees rose from 7,377 in the previous year to around 7,700.
For the crisis equipped
The corona crisis is evident in the past Business year not yet. However, due to its financial independence, Miba is “well prepared for the major challenges that will come up in the coming months”, said the CEO Peter Mitterbauer. In the expired Business year The equity ratio was 49 percent, in 2018/19 it was 51.1 percent.
An aid fund of EUR 500,000 was set up for employees who have lost income through the Corona measures and who are therefore faced with life-threatening emergencies. The funds do not have to be repaid.
Short – time work in Austria
In Austria all around 2,700 employees are on short-time work until the end of June. We don’t yet know how it will go on afterwards. In China start the business again, the development in the remaining markets is similar to in Europe – Reduce working hours there with company holidays and vacation cuts. The worst is over, it goes up again. “We assume that ours Sales after the end of the global lockdowns in the coming weeks rise again step by step. In general, however, the markets will not reach the level before the Corona crisis for a long time, ”says Mitterbauer.
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