SMT Perspectives and Prospects: Warren Buffett’s Perpetual Wisdom, Part 1
Standard of Excellence: Training Your Team to Excel in Customer Service
Smart Automation: What Industry 4.0 Means for Mid-sized Electronics Manufacturing
Mycronic Releases Positive January-September 2016 Results
October 20, 2016 | Mycronic ABEstimated reading time: 2 minutes
Mycronic demonstrated a strong financial performance during the first nine months of the year. Order intake and net sales increased by 44% and 9%, respectively. The operating margin reached 22%. Demand for the group's products is favorable, thanks to product launches which broadened the group's addressable market.
Mycronic also has major focus on investments for future growth, both through initiatives in product development and through acquisitions.
Third quarter (July-September 2016) Highlights
- Order intake was SEK 367 (559) million
- Net sales were SEK 497 (605) million
- EBIT was SEK 148 (262) million
- Earnings per share was SEK 1.17 (2.33)
January-September 2016 Results
- Order intake reached SEK 1,936 (1,341) million
- Net sales reached SEK 1,303 (1,194) million
- EBIT was SEK 286 (289) million
- Earnings per share was SEK 2.25 (2.52)
"The first nine months demonstrated good demand for Mycronic's production solutions. Order intake increased by 44% compared with the same period 2015 and net sales increased by 9%. We are making significant investments in product development to maintain our competitive edge. And we report an EBIT of SEK286 million, or a margin of 22%, for the first nine months. The order backlog reached SEK1.699 billion," said Mycronic President and CEO Lena Olving.
"The global market for SMT equipment experienced a negative trend in 2015, while Mycronic maintained volumes and margins. In 2016, the slowdown has affected business area SMT, primarily during the first half year. The trend in the third quarter was positive with an increase in the order intake and net sales compared with the third quarter 2015.
"Investments in product development within SMT equipment continue, in line with the strategy. We have launched new products and in this way broadened our product offering, which creates opportunities for growth. The introduction of an updated MY600 for dispensing of several different mounting fluids targets new segments on the SMT market, both from geographic and product perspectives. The introduction has been well received on the market."
To achieve long-term, sustainable growth, Mycronic's strategy includes M&As. "During 2016, we acquired the German company RoyoTech, which developed the strategic storage solutions that are an integrated part of Mycronic's offering for the smart factory. In August, an agreement was signed on the acquisition of Axxon, a leading actor on the dispensing market in China. The acquisition is strategically important as Axxon’s technology and market position complement our own position, which make us a leading global actor," said Olving.
Mycronic is continuing to execute the growth strategy at a high pace, while at the same time delivering good results.
Outlook
The Board’s assessment remains that net sales in 2016 will be at the level of SEK1.9 billion, excluding effects from acquisitions.
About Mycronic
Mycronic AB is a high-tech Swedish company engaged in developing, manufacturing and marketing of production solutions to 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, Taiwan, the Netherlands, United Kingdom and the US. For more information, see the company website.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
Dan’s Sales Guide: Master Your Sales Game in 2025 and Beyond
07/30/2025 | Dan Beaulieu, D.B. Management GroupIndustry veteran Dan Beaulieu has compiled more than 80 of his favorite sales tips and suggestions to help you create your own sales and marketing playbook. “I’ve been in this business for over 40 years, and I’ve seen companies spend hundreds of thousands of dollars on equipment, expand factories, rebrand multiple times, and hire consultants until the parking lot is full,” Dan says. But when it comes to time for companies to invest in something that will actually grow their revenue, Dan has found that their sales and marketing strategies aren’t as strong as they should be. However, there's a solution.
From Attraction to Action: Where Marketing Ends and Sales Begins
07/29/2025 | Brittany Martin, I-Connect007Before a PO hits the system, marketing has already done a lot of heavy lifting. Without strategic marketing, the PO might never arrive. At I-Connect007, we have been fortunate to help many companies achieve sales success through marketing. The key to success? Understanding how marketing leads to sales.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
07/25/2025 | Marcy LaRont, I-Connect007In industry news this past week, I’m putting a focus on sustainability in electronics by highlighting my interview with Kelly Scanlon and Corey Dehmey, and Nolan Johnson’s Meet the Author podcast with Beth Turner of MacDermid Alpha Electronics Solutions. I also chose to spotlight the M&A activity and outlook in the U.S. market and regional market news in India and Mexico.
Accelerated Brand Expansion Reshapes Foldable Phone Market; Apple’s 2026 Entry May Ignite Industry Breakthrough
07/22/2025 | TrendForceTrendForce’s latest forecast estimates that shipments of foldable phones will reach 19.8 million units in 2025, maintaining a market penetration rate of around 1.6%, on par with 2024.
Punching Out: M&A North American PCB and EMS Deals for the First Half of 2025
07/23/2025 | Tom Kastner -- Column: Punching Out!As we entered 2025, the M&A deal world was prepared for a busy year in electronics, plus sentiment for the overall M&A market was bullish. We had “a deal guy” entering the White House, and he’d pledged to support U.S. manufacturing. All signals were green. However, to date, M&A deals this year are around the same as in the first half of 2024.