Miba reports stable 2024/25 year with increased investment in R&D
April 16, 2025
Miba AG, headquartered in Laakirchen, Austria, has reported a stable 2024/2025 fiscal year, despite a challenging industrial environment. For its financial year, ending January 31, 2025, the company recorded revenue of €1.187 billion, only slightly down from €1.205 billion in 2023/2024.
“Miba is very broadly positioned and active in a wide variety of markets. In the past fiscal year, we generated 61% of our sales with a broad range of Miba products for the industrial goods market and 39% in the automotive sector,” explained F Peter Mitterbauer, Miba CEO. “This reduces our dependence on developments in individual areas and makes it possible to compensate for declines in certain markets through growth in others. In addition, with ‘Technologies for a cleaner planet’, we have had a corporate mission since 2013 that creates real added value for our customers. With Miba technologies, we are helping to reduce the carbon footprint of our customers’ products.”
Clean energy
Miba generated around €200 million in sales with technologies for the generation and transmission of clean energy, around 17% of its total sales. Growth is said to be particularly strong with products for wind energy, where Miba’s sales have more than quadrupled in the past three years.
Most notably, the business with bearings for gearboxes in wind turbines and the production of machines for the construction of huge offshore wind towers are said to be strong growth drivers. Miba technology is also used in electronics and in wind turbine brakes. In addition, the company works in hydropower and with technologies for the efficient and low-loss transmission of energy in power grids.
Miba AG, headquartered in Laakirchen, Austria, has reported a stable 2024/2025 fiscal year, despite a challenging industrial environment. For its financial year, ending January 31, 2025, the company recorded revenue of €1.187 billion, only slightly down from €1.205 billion in 2023/2024.
“Miba is very broadly positioned and active in a wide variety of markets. In the past fiscal year, we generated 61% of our sales with a broad range of Miba products for the industrial goods market and 39% in the automotive sector,” explained F Peter Mitterbauer, Miba CEO. “This reduces our dependence on developments in individual areas and makes it possible to compensate for declines in certain markets through growth in others. In addition, with ‘Technologies for a cleaner planet’, we have had a corporate mission since 2013 that creates real added value for our customers. With Miba technologies, we are helping to reduce the carbon footprint of our customers’ products.”
Transportation
Miba’s product sales in the marine industry have doubled over the past three years, while those for railways and aircraft have each grown by more than 50%.
The growth driver in the automotive business is e-mobility, where Miba’s sales have more than tripled over the past three years. In particular, high-tech resistors and battery technologies for electric vehicles are said to be key.
“We started developing our product portfolio for e-mobility at a very early stage so that we can provide our customers with the best possible support in the technological transformation of the automotive industry,” stated Mitterbauer.
High investments in the future
While the company noted the 2024/2025 fiscal year as challenging, Miba further increased investments to €138 million, up from €130 million in 2023/2024. It stated that €84 million was invested in property, plants, and equipment; over €2 million went to training and further education.
The largest increase was in research and development investments, which rose by more than 20% to €52 million compared to the previous financial year – a ratio of 4.4%.
“All of this underlines our commitment to developing the highly innovative products of tomorrow together and in close partnership with our customers,” added Mitterbauer.
According to figures from the Austrian Patent Office, the Miba Group registered twenty-nine new patents and utility models in 2024, making it the patent leader in Upper Austria and among the top five companies in wider Austria.
Financial independence and stability
Miba’s high equity ratio increased further in the past fiscal year to 58.3%, against 53.8% in the previous fiscal year.
“Miba’s financial independence and stability create the basis for our company’s future investments. These investments enable us to develop and produce sustainable products with an ever smaller carbon footprint together with our customers. This is how we want to build markets and grow successfully in close partnership with them,” concluded Mitterbauer.
