Interim report January-September 2013

Third quarter 2013

• Net sales were SEK 220 (277) million
• EBIT was SEK 9 (-12*) million
• Earnings per share were SEK 0 (-1.45)

  Interim period January-September 2013

• Net sales were SEK 672 (873) million
• EBIT was SEK -10 (-20*) million
• Earnings per share were SEK -0.21 (-1.73)
  
  *adjusted for non-recurring costs of 120 MSEK
  
  
  
  Outlook
  The company’s earlier assessment, that sales for 2013 will reach approximately SEK 1,200 million, remains.  
  
  
  CEO comments
  Weak demand during the first half of 2013 has continued into the third quarter and earnings have been affected by a decline in sales and the strong Swedish krona.
  
  Business area SMT continued to demonstrate a drop in both the order intake and sales, which creates greater uncertainty as to when the business area will experience a recovery on our principle markets.  The degree of utilization of mask writers remains at historically high levels at customer sites. But despite this, and despite positive signals, our customers are continuing to defer investments in capacity.
  
  The high capacity utilization contributes, however, to the strength of the Group's aftermarket business within both business areas.
  
  An order for an LDI system was cancelled at the beginning of October. The customer, who sees a reduced need for capacity development, has assured us that their confidence in our LDI technology remains unchanged.
  
  Since I took over in July, I have met several of our customers within both business areas. Our customers confirm my impression of Micronic Mydata. There are impressive levels of competency and technological edge which results in advanced products, often with a leading, global market position. We will harness those skills and the innovation potential that exists here to continue building and creating a long-term profitable business.
  
  

  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
  
  
  
  Micronic Mydata AB (publ), reg no 556351-2374, is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment to the electronics industry. Micronic Mydata headquarters is 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 United States. For more information see our web site at: www.micronic-mydata.com