Interim report January-March 2014

First quarter 2014

  • Net sales were SEK 242 (226) million
  • EBIT was SEK 3 (-11) million
  • Earnings per share were SEK 0.01 (-0.11)
     

Outlook
The assessment is that sales in 2014 will be in the span of SEK 1,150 – 1,250 million.

The beginning of 2014 characterized by an increase in activity
The signs of recovery which became apparent during last year´s fourth quarter continued during the first quarter of 2014. The order intake as well as sales volumes increased in comparison with the same period in 2013.

Business area PG received orders at the end of last year and during the beginning of this year. The increase in sales volumes during the first quarter has resulted in strengthened margins within business area SMT.

Operating costs are in line with previous year. This means that the cost savings and measures imple-mented to achieve greater internal efficiency are long term and have impacted EBIT.

 “We can now report yet another quarter with a positive operating profit despite the lack of sales in mask writer systems,” says Lena Olving, CEO and President of Micronic Mydata AB. “The first quarter has shown higher levels of activity at customer sites. We now hope to see increasing investments in production equipment. We are well positioned with a broad product offering, proven by recent launches of new products,” Lena Olving continues.


Micronic Mydata recently presented new financial objectives. Achieving these goals included, among other things, creation of a product life strategy, which is based on customer requirements for stable and effective production solutions. Thus far, the results
of this strategy include the successful launch of the MY200 series at the end of 2013. Introduction to additional markets is continuing this spring. Another result is the launch in March of the advanced mask writer Prexision-80.


“We are also looking forward to changing our company name to Mycronic AB and working to further strengthen our brand globally,” Lena Olving concludes.

Contacts at Micronic Mydata:
Lena Olving

President and CEO
+46 8 - 638 52 00
lena.olving@micronic-mydata.com                                 

Per Ekstedt
CFO
+46 8 - 638 52 00
per.ekstedt@micronic-mydata.com

About Us

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. Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR

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