Interim report January-June 2013 Second quarter

Second quarter April-June 2013

• Net sales were SEK 226 (301) million.
• EBIT was SEK -8 (-10) million.
• Earnings per share were SEK -0.10 (-0.20). 

Interim period January-June 2013

• Net sales were SEK 453 (596) million.
• EBIT was SEK -18 (-8) million.
• Earnings per share were SEK -0.20 (-0.28).

Lena Olving takes over as new CEO Lena Olving, new President and CEO takes over on 15 July. Outlook In light of prevailing uncertainty, especially within SMT, it is the company’s assessment that sales for 2013 will not reach the levels of 2012. A revised sales assessment points to sales at SEK 1,200 million.   CEO comments Demand during the first half of 2013 declined in the generally weak economic climate. However, the forecast for the electronics industry, in which Micronic Mydata operates, is for long term growth. Half year earnings have been affected by a decline in sales but also by the strong Swedish krona vis-à-vis those currencies which are most important to us. Business area SMT experienced a drop in the order intake and sales. Uncertainty over short term growth has increased, but we expect positive growth on our main markets during the second half of the year. The Group’s aftermarket business continues strong.   

The degree of utilization of our mask writers is at historically high levels at customers’ sites and the need for capacity is there. However, many display and photomask manufacurers are laboring under financial strain, and thus far this has impacted on their ability to invest. Micronic Mydata has gone through major changes during the past year. Work on LDI development has been scaled down as planned while sales activities continue. Development resources are primarily allocated to development of existing product offerings. We are simultaneously focusing on costs in order to create the prerequisites for sustainable profitability. The measures implemented during the second half of last year have had a full impact on costs since the beginning of 2013. Despite positive signals from the market and from our customers, there are a number of uncertainty factors, especially within SMT. We are therefore revising our sales assessment for the year. 

                                                                                                                                                 Lars Josefsson President and CEO  

Micronic Mydata AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment to the electronics industry. Micronic Mydata 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 United States. For more information see our web site at: www.micronic-mydata.com

Contacts at Micronic Mydata: Lars Josefsson President and CEO +46 8 - 638 52 00 lars.josefsson@micronic-mydata.com  

Per Ekstedt CFO +46 8 - 638 52 00 per.ekstedt@micronic-mydata.com