-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Mycronic Releases Q4 and FY 2016 Results
February 10, 2017 | Mycronic ABEstimated reading time: 2 minutes
Mycronic reports a record year in 2016 with acquired companies Axxon and AEi included from the fourth quarter. Order intake and net sales rose 13 and 28 percent respectively. The EBIT margin reached 30 percent. Demand for the Group’s products is favorable thanks to product launches, several of which broaden the addressable market. Major investments were made in product development for future growth. The acquisitions complement and broaden the offering on several segments within the lectronics industry.
Fourth quarter October-December 2016
- Order intake reached SEK 518 (838) million
- Net sales reached till SEK 1,016 (621) million
- EBIT was SEK 405 (251) million
- Profit per share was SEK 3.12 (1.99)
Full-year January-December 2016
- Order intake reached SEK 2,455 (2,179) million
- Net sales reached SEK 2,319 (1 815) million
- EBIT was SEK 691 (540) million
- Profit per share was SEK 5.38 (4.52)
- Dividend proposal to AGM of SEK 2.00 (1.50) per share, according to dividend policy.
Outlook 2017
It is the Board’s assessment that net sales in 2017 will be at the level SEK 2,800 million.
CEO comments
In 2016, we lived up to high expectations. We can now report record high order intake, net sales and EBIT for the Mycronic Group, which include contributions from acquisitions as of respective acquisition dates.
We continued to deliver production solutions to our customers to make their production efficient. The global market for surface mount equipment did not develop as we had hoped this past year, but it strenghtened during the latter part of the year. It was a strong year for mask writers with orders for nine systems and sales of eight systems. At the same time, we made major initiatives within product development to further strengthen our competitive edge. Expenses for these investments are substantial, SEK 342 million, but absolutely crucial for future growth.
EBIT for 2016 was SEK 691 million, and the EBIT margin was 30 percent - fantastic year.
In three years, we more than doubled net sales and the EBIT margin has been far above 10 percent. So I am proud to say that we reached our financial goals faster than we thought possible when we established them in 2014. Thus the Board and the corporate management team present new financial goals; we intend to double net sales once again while maintaining a good profitability.
During 2016, we made three important acquisitions:
The German company RoyoTech ensures our access to a strategically important product, the SMD Tower, a storage solution for electronic components and a cornerstone in the Mycronic 4.0 concept for managing complex produc-tion environments in modern electronics manufacturing.
Through the Chinese company Axxon, we complement our unique jet printing business with a leading actor on the significantly larger dispensing market. Together we are now one of the five largest actors in the world.
Finally, through American AEi, we broaden our operations. AEi offers equipment for mounting of camera modules for the advanced driver support systems which are becoming increasingly common in modern cars. This is an adjacent market segment that is demonstrating rapid growth and where there is good potential for profitability.
These acquisitions broaden our product offering and we can address a greater part of the electronics industry, creating good opportunities for future growth. To demonstrate the connection to a significantly larger part of the electronics industry we are now renaming business area SMT to Assembly Solutions.
About Mycronic
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. For more information see our website.
Suggested Items
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.
GPV’s Q1 2024 Interim Financial Report Shows Strong Navigation in Uncertain Times
05/01/2024 | GPVDanish-based GPV recorded an expected drop in sales to DKK 2.3 billion for the first quarter of 2024. The decline also affected the operating profit, which was DKK 155 million compared to DKK 179 million in the same quarter last year, although the EBITDA margin was maintained. In general, demand has been softer in 2024, but GPV continues to invest for the long-term and expects the trend to turn in the second half of 2024.