“We are noticing a slight levelling-out, albeit at a very low level. Miba has held its ground well up to now but we have to continue working intensely to master the crisis,” says Peter Mitterbauer, Chairman of the Board of Miba.
The company’s sales in the first three quarters totalled E228.3 million, down 23.4%; the same period the previous year. However, Miba achieved group-wide positive earnings before interest and taxes (EBIT) of E5.4 million. The company continues to place a strong emphasis on sustainable strengthening of liquidity.
The Sinter Group’s sales in the first nine months in the sinter group totalled E89.9 million, down 20.4% from the same period in 2008-2009. According to Miba, this segment has shown slight tendencies towards recovery in recent months, with third quarter sales returning to the previous year’s level. The company continues to establish a US sinter site in McConnelsville, Ohio, and The capital expenditures of the Sinter Group, totalling E7.5 million (E4.6 million the previous year), are focused primarily on this site.