-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box 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.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Mycronic Reports Strong First Half-year Results
July 13, 2016 | Mycronic ABEstimated reading time: 2 minutes
Mycronic reports a strong first half-year with regard to the order intake, sales and earnings. Sales increased 37%. EBIT reached SEK 137 million, which corresponds to an operating margin of 17%. The Group is entering the second half-year with a record high order backlog of SEK 1,828 million. Demand for mask writers is favorable for both production capacity and for advanced photomasks for future electronics products. At the same time, the Group has focused on future growth through product development, primarily within SMT, and through launches within both business areas.
Second quarter April-June 2016
- Order intake was SEK 775 (311) million
- Net sales were SEK 463 (285) million
- EBIT was SEK 106 (1) million
- Earnings per share was SEK 0.83 (0.01)
First half-year January-June 2016
- Order intake reached SEK 1,569 (782) million
- Net sales reached SEK 807 (589) million
- EBIT was SEK 137 (27) million
- Earnings per share was SEK 1.08 (0.20)
Outlook
The Board’s assessment remains, that sales in 2016 will be at the level of SEK 1,900 million.
CEO comments
During the first half of the year, Mycronic saw strong demand for the Group’s products within the electronics industry, primarily due to a good photomask market. The Group reports a strong first half-year with regard to order intake, sales and earnings. Sales increased 37% compared with the first half of 2015, and the operating margin reached 17%. We are now entering the second half year with a record high order backlog and we see continuing high levels of activity on the market and amongst our customers.
The global market for SMT equipment experienced a negative trend in 2015, while Mycronic maintained its volumes and margins. In 2016, the slowdown has affected us and demand for SMT equipment remains difficult to assess. Hence, it is essential that we invest in product development to secure our competitive edge. We have introduced equipment for dispensing of several different mounting fluids. Our Jet Dispenser builds on the unique jet printing platform and is considerably faster than other existing solutions. The equipment targets new segments within the surface mount market. We have broadened our product offering and created opportunities for a position shift. The first systems reached customers during the second quarter.
During the period, Mycronic acquired RoyoTech, the German company that developed the strategic storage solutions which have long been an integrated part of Mycronic’s offering for the smart factory, Mycronic 4.0.
During the first half-year, we received orders for eight mask writers for various applications, of which several were advanced systems. We received the first order for a measuring system for quality assurance of the most advanced photomasks, which is becoming increasingly important as more photomasks are produced for products where the display is central. Our replacement offering has proven to be in line with customers’ requirements to ensure long-term high productivity for photomask manufacturing. During the second quarter we launched the Prexision-800, a mask writer for the most complex photomasks, which ensures effective production of photomasks for the 4K phones and advanced AMOLED displays of the future.
In short, during the first half of 2016, we continued delivering results at a fast pace while simultaneously executing our strategy for growth.
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.
Suggested Items
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.