-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueWhat's Your Sweet Spot?
Are you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche. What are their insights?
Moving Forward With Confidence
In this issue, we focus on sales and quoting, workforce training, new IPC leadership in the U.S. and Canada, the effects of tariffs, CFX standards, and much more—all designed to provide perspective as you move through the cloud bank of today's shifting economic market.
Intelligent Test and Inspection
Are you ready to explore the cutting-edge advancements shaping the electronics manufacturing industry? The May 2025 issue of SMT007 Magazine is packed with insights, innovations, and expert perspectives that you won’t want to miss.
- Articles
- Columns
- Links
- Media kit
||| MENU - smt007 Magazine
Mycronic Posts 3% Net Sales Growth in H1 2018
July 13, 2018 | Mycronic ABEstimated reading time: 1 minute
Mycronic has released its interim report for the first half and second quarter of the year.
For the second quarter period, order intake increased by 86% to SEK 870 million, while net sales reached SEK 882 million, a decrease of 3% calculated in SEK and in constant exchange rates.
Total order intake for January to June 2018 increased by 36% to SEK 1,526 million, and net sales went up by 3% to SEK 1,633 million (the increase is 5% when calculated using constant exchange rates).
“Mycronic performs well, as we simultaneously invest in continued growth. We delivered particularly strong order growth during the year’s second quarter, and we have a good base of planned deliveries from our order backlog to reach net sales at a level of SEK 3.5 billion, excluding acquisitions, for the year,” says Lena Olving, President and CEO. “During the first half-year, we executed three planned deliveries of mask writers, compared to seven deliveries last year. We have also taken another important step in line with our strategy through the acquisition of American MRSI Systems in the second quarter.
“Leading product development together with our acquisition strategy ensures that we continually enhance our offering, which places us in an ever-better position. The acquisitions of recent years have been successful, and my expectation is that MRSI will also contribute to Mycronic’s financial development and to strengthening our competence and our offering in a variety of application areas.
“We demonstrated strong order growth of 86 percent for the quarter and 36 percent for the first half-year. Growth was driven primarily by business area Assembly Solutions, which performed well. It is gratifying that several of our acquisitions contributed substantially to the growth. During the quarter, we secured an order within business area Pattern Generators for a replacement system based on the Prexision-8. Assembly Solutions demonstrated solid net sales growth for both the quarter and the first half-year, despite the continuing supply disruptions originating with subcontractors during the second quarter. The business area is investing in product development and marketing which together with acquisition-related costs results in EBIT not developing in line with net sales.”
The board’s assessment remains that consolidated net sales for 2018 will be at a level of SEK 3.5 billion, with the clarification that this excludes acquisitions already made in 2018 as well as possible additional acquisitions during the remainder of 2018.
Suggested Items
Mycronic’s Pattern Generators Makes Acquisition in South Korea
07/01/2025 | MycronicCowin DST’s main business is to provide systems for display panel repair, as well as laser based repair of display and semiconductor photomasks.
Axxon-Mycronic Enhances Conformal Coating Quality with New Inline AOI and Thickness Measurement Technology
06/03/2025 | Axxon-MycronicAxxon-Mycronic, a leading, global supplier of innovative and production-ready, dispensing and conformal coating systems, announced a breakthrough in automated optical inspection (AOI) technology for conformal coating with the introduction of its Modus inline conformal coating AOI system—CCAOI.
Mycronic’s Global Technologies Acquires Surfx in the US
06/03/2025 | MycronicMycronic’s Global Technologies division has acquired Surfx Technologies, a company headquartered in the US, providing atmospheric plasma solutions for surface treatment, including cleaning and active oxide removal.
Axxon-Mycronic Showcases Precision Protection Technologies for Extreme Environments at Space Tech Expo
06/02/2025 | Axxon-MycronicAxxon-Mycronic, a leading, global supplier of innovative and production-ready, dispensing and conformal coating systems, is pleased to announce its participation at the Space Tech Expo USA 2025, taking place June 3-4, 2025 at the Long Beach Convention Center in Long Beach, California. Axxon-Mycronic will be exhibiting in Booth #552.
Mycronic Executes Share Split and Determines Record Date
05/27/2025 | MycronicThe annual general meeting of Mycronic AB (publ) held on May 7, 2025, resolved to increase the number of shares by a share split, whereby one (1) existing share will be split into two (2) shares.