SMT Perspectives & Prospects: Artificial Intelligence Part 6: Data Module 1
Standard of Excellence: Overcoming Service Failures—The Art of the Apology
Nolan’s Notes: Tariffs, Technologies, and Optimization
Mycronic Releases Q1 2016 Interim Report
April 21, 2016 | Mycronic ABEstimated reading time: 1 minute
Mycronic reports today an increased order intake, increased sales, and a higher EBIT for the first quarter, a period which is typically characterized by lower activity within Mycronic’s segment of the electronics industry. The strong order intake during the quarter increased the order backlog to a record high of SEK 1,516 million, which provides a good basis for continuing favourable development during the current and next year.
First quarter January-March 2016
- Order intake reached SEK 794 (471) million
- Net sales reached SEK 344 (304) million
- EBIT was SEK 32 (26) million
- Profit per share was SEK 0.24 (0.19)
Outlook
The Board’s assessment is that sales in 2016 will be at the level of SEK 1,900 million.
CEO comments
Thanks to a strong photomask market, Mycronic received orders for a total of five mask writers during the first quarter, a period normally characterized by lower levels of activity for our customers.
The global market for SMT equipment experienced a negative trend in 2015, while Mycronic maintained both its volumes and margins. This slowdown has now affected us as well. Therefore, it remains essential to continue investing in product development to secure our competitiveness.
In November 2015, we introduced equipment for dis-pensing a wide range of different fluids. Mycronic’s Jet Dispenser builds on the unique jet printing platform and is significantly faster than existing dispensing solutions. The equipment targets completely new segments on the SMT market. We have broadened our product offering, and in this way created opportunities for a position shift in line with our growth strategy. The global introduction continued during the first quarter.
The five received orders for mask writers are for various applications. We received the first order for a measuring system for quality assurance of the most advanced photomasks. Quality assurance is becoming increasingly important as more photomasks are produced for new products where the display is central. Our replacement offering, with two new orders this quarter bringing the total to five, has proven to be in line with what our customers need to ensure long-term high productivity for photomask manufacturing.
Despite a weak start to the year for SMT, the Group has a record large order backlog and a strong cash flow. Together with a good financial position, this gives us the prerequisites to maintain our strategy for product development for the electronics of the future, and we are on track to achieve our financial goals – long-term and sustainably.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
ICT Symposium Review: Sustainability and the Circular Economy
10/09/2025 | Pete Starkey, I-Connect007It was pleasant autumnal weather as we made our way once again to Meriden, the nominal centre of England, for the 2025 Annual Symposium of the Institute of Circuit Technology. Delegates were welcomed by technical director Emma Hudson who introduced and moderated a skilfully coordinated programme, focused on the highly relevant theme of sustainability.
It’s Only Common Sense: Stop Whining About the Market—Outwork It
10/06/2025 | Dan Beaulieu -- Column: It's Only Common SenseWhenever the market hiccups or the industry cycle dips, I hear the same tired chorus: “The market is down. Customers aren’t buying. What can we do? We just have to wait it out.” Nonsense. If you think that by showing up, opening your doors, and waiting for the economy to smile kindly upon you, that success will follow, you are in the wrong business. Worse yet, you’re living in the wrong mindset. Most people don’t want to hear the truth that winners find business in down cycles. Losers blame the economy.
Schweizer Ends Staff Restructuring Measures and Short-Time Working at the Schramberg Site
10/01/2025 | Schweizer Electronic AGSchweizer Electronic AG has implemented comprehensive measures to adjust its cost and personnel structure at its Schramberg site due to strong market fluctuations in the automotive and industrial electronics sector. Thanks to the successful restructuring, short-time working can now be ended with immediate effect. A stable order situation is expected for the fourth quarter, with signs of growth momentum returning in 2026.
American Standard Circuits to Exhibit at the Battery Show 2025
09/24/2025 | American Standard CircuitsAmerican Standard Circuits/ASC Sunstone Circuits will be exhibiting at the Battery Show North America to be held at Huntington Place in Detroit, Michigan, October 6-9, 2025.
LPKF Strengthens Structural Resilience: 'North Star' Initiative Aims to Secure Long-term Profitability
09/16/2025 | LPKFLPKF Laser & Electronics SE has launched the "North Star" initiative, a far-reaching package of measures designed to strengthen the company's long-term profitability.