| Second quarter April-June 2014 - Net sales were SEK 238 (226) million - EBIT was SEK 6 (-8) million - Earnings per share were 0.03 (-0.10) SEK |
Interim period January-June 2014
- Net sales were SEK 481 (453) million
- EBIT was SEK 9 (-18) million
- Earnings per share were 0.04 (-0.20) SEK
Outlook
The assessment for sales in 2014 remains unchanged from the previous quarter.
The company’s assessment is that sales in 2014 will be in the span of SEK 1,150 – 1,250 million.
Increase in order intake for Mycronic
The order intake and sales volumes show a positive trend, with an increase during the second quarter as well as during the first half of 2014, compared with the same period last year. The recovery that occurred at the end of 2013 has continued. The order intake increased 27 percent during the first half year, while sales increased 6 percent.
The consolidated EBIT demonstrated a positive trend for the fourth consecutive quarter, despite the absence of system sales within business area PG. The gross margin reached 44 percent during the first six months 2014.
During the last six months, Mycronic has launched new products for several different applications within both business areas SMT and PG. “We have continued to execute our product life strategy, most recently with the launch of MY600, a new generation jet printer for application of solder paste for advanced circuit boards”, said Lena Olving, CEO and President of Mycronic AB.
During the first half year, the Group received orders for three mask writers, which indicates a continuing high degree of utilization of the installed base of mask writers. By delivering new products that meet customers’ needs, while simultaneously maintaining cost level, the Group has reached favorable conditions for sustainable profitability.
On 2 June, Micronic Mydata AB changed name to Mycronic AB. The name change is a part of the group’s strategy for strengthening its brand. “We are continuing to strengthen our brand, right now by implementing the name change throughout our subsidiaries and by the implementation of a new visual identity . One name and one brand clarify our position as a global company”, said Lena Olving.
Contacts at Mycronic:
Lena Olving
President and CEO
Tel: +46 8 - 638 52 00
lena.olving@mycronic.com
Per Ekstedt
CFO
Tel: +46 8 - 638 52 00
per.ekstedt@mycronic.com
About Mycronic AB
Mycronic AB is a high-tech Swedish company engaged in the development, manufacture and marketing of production equipment to the electronics industry. Mycronic headquarters is located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, Taiwan, the Netherlands, United Kingdom and the US. For more information see our web site at www.mycronic.com .
Mycronic AB (publ) is listed on NASDAQ OMX Stockholm, Small Cap: MYCR.
