MIFA Mitteldeutsche Fahrradwerke AG: 9-month figures 2007

MIFA Mitteldeutsche Fahrradwerke AG (ISIN DE000A0B95Y8, WKN A0B95Y), Germany's largest bicycle manufacturer, recorded revenues of € 93.11 million in the first nine months of the current fiscal year. This means that revenues were up 34.7% compared to the first three quarters of last year (€ 69.10 million). The increase was due, in particular, to the higher number of bicycles sold in the first six months, with the third quarter of 2007 enjoying stable year-on-year growth. MIFA Mitteldeutsche Fahrradwerke AG sold a total of 758,000 bicycles in the first nine months (previous year: 581,000 bicycles).

The increased sales volume put EBIT up to € 3.94 million in the first nine months of 2007 – a substantial increase on the previous year's figure of € 2.39 million. The EBIT margin climbed to around 4.2%. Pre-tax earnings (EBT) were also up to € 2.05 million (previous year: € 1.59 million) compared to the first three quarters of last year. As a result, MIFA Mitteldeutsche Fahrradwerke AG recorded net income for the period of € 1.24 million, up 28.5% year-on-year. Earnings per share totaled € 0.16 after the first nine months, exactly on a par with the previous year's figure.

MIFA Mitteldeutsche Fahrradwerke AG plans to publish its full nine-month report on November 16, 2007 on its own Web site www.mifa.de in the Investor Relations section.