Miba Technology Group Reports Slight Revenue Decline for 2024/25

The Miba Technology Group, based in Upper Austria, has announced a minor decline in revenue for the fiscal year 2024/25, concluding at the end of January. The company reported earnings of EUR1.19 billion, a slight decrease from EUR1.20 billion in the previous year. This information was shared by the company in a recent press release. Despite the minor revenue dip, Miba expressed satisfaction with its performance considering the current economic conditions.

The company's strategic efforts over the past few years have broadened its portfolio beyond its initial focus on automotive components. Miba's CEO noted that this diversification has allowed the company to offset declines in specific markets with growth in others. Currently, 61% of Miba's revenue is generated from the industrial goods sector, while the automotive market contributes the remaining 39%.

One of the standout areas for Miba has been in clean energy technologies, particularly in wind power. The company earned EUR200 million from this segment, accounting for 17% of its total revenue. Remarkably, the wind power business has quadrupled in size over the past three years, with significant growth driven by products such as sliding bearings for wind turbines and machinery for constructing offshore wind farms.

In addition to wind energy, Miba has also seen growth in its marine, rail, and aerospace product lines, albeit at a slower pace. The automotive division performed well in the electric mobility sector, reflecting the industry's ongoing shift towards sustainable transportation.

During the last fiscal year, Miba invested EUR130 million in various initiatives, with plans to increase this amount to EUR138 million in the current year. A significant portion of this investment has been directed towards research and development, with funding rising by over 20% to EUR52 million compared to the previous fiscal year. This equates to a research and development expenditure ratio of 4.4%. Furthermore, the company's equity ratio improved from 53.8% to 58.3%, indicating a strong financial position.

In summary, while Miba reported a slight decrease in revenue, the company's diverse portfolio and strategic investments in growth areas, particularly in clean energy and electric mobility, position it well for future opportunities.