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Interim report Q4, 2010 and full year 2010

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Täby, 1 February, 2011 - Micronic Mydata AB (publ) is listed on the NASDAQ OMX Nordic, Stockholm Small Cap: MICR The information in this report is of the type that Micronic Mydata AB (publ) is required to disclose under the Swedish Securities Markets Act. The information was submitted for publication on 1 February, 2011, at 8am.

Fourth quarter October-December 2010 (comparative figures 2009)

  • Net sales were SEK 552 (230) million.
  • The operating profit was SEK 124 (-152) million. 
  • The operating profit adjusted for capitalization
    and amortization of development costs was
    SEK 136 (-133) million.
  • Earnings per share were SEK 1.14 (-2.18).
  • The order intake was SEK 306 (192) million.

Full year January-December 2010 (comparative figures 2009 Pro forma)

  • Net sales were SEK 1,288 (1,052) million.
  • The operating profit was SEK 73 (-179) million. 
  • The operating profit adjusted for capitalization
    and amortization of development costs was
    SEK 139 (-102) million.
  • Earnings per share were SEK 0.45 (-2.59).
  • The order intake was SEK 1,388 (854) million.
  • The order backlog at year end was
    SEK 153 (42) million.

Future outlook
Sales in 2010 amounted to SEK 1 288 million. It is the Board’s assessment that sales in 2011 will exceed this level somewhat.

CEO comments
During the fourth quarter we delivered three mask writers, which together with continued strong sales of surface mount equipment, resulted in strong figures in both sales and profit for the fourth quarter and for the full year. Also positive is the strong order intake, which indicates that the market has turned upward, and that we are a strong supplier to the electronics industry through our offering within pattern generators and surface mount equipment.

The development of the new product for advanced electronic packaging, the direct writer LDI, has been intensive. SEK 137 million, or 55 percent of R&D expenditures in 2010, was related to LDI. The LDI project is a technological challenge. In the fourth quarter we reached a key milestone with the delivery of the first LDI system. This is now being tested by one of our cooperation partners for decisions on future production. After qualification further sales are expected starting in 2012.

2010 has been a busy year for building a strong Group for the future, a Group that through its expertise in technology and business delivers cost-effective and innovative production solutions to customers. We have integrated two market leaders in their respective part of the market into one company and created opportunities for a sustainably profitable business.

Demand for display photomasks remains strong, with many new applications on the consumer side. Capacity utilization is high among the photomask makers.

The market for surface mount equipment has shown strong growth. Sales of machines in the fourth quarter were 111 percent higher than in the same period last year and total order intake for the full year exceeded last year by 80 percent.

Aftermarket business is growing and is becoming more profitable within both business areas.
 

Peter Uddfors
President and CEO 

Contacts at Micronic Mydata:                                                 

Peter Uddfors
President and CEO
+46 8 - 638 52 00
peter.uddfors@micronic-mydata.com
                                                                                                                                                                                                            

Carl-Johan Blomberg
CFO
+46 8 - 638 52 00
carl-johan.blomberg@micronic-mydata.com

  

Micronic Mydata AB is a Swedish high-tech company engaged in the development, manufacture and marketing of a series of extremely accurate laser pattern generators for the production of photomasks and advanced surface mount technology (SMT) equipment for flexible production of electronics. The pattern generators are used by the world’s leading electronics companies in the manufacture of television and computer displays, semiconductor circuits and semiconductor packaging components. The SMT equipment, including software applications, is used for surface mounting of electronic components and stencil free jetting of solder paste. Micronic Mydata headquarters is located in Täby, north of Stockholm and at present 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

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