Micronic's growth in the Display market continues
Micronic's growth in the Display market continues Taby, Sweden, April 22, 2004 - Micronic Laser Systems AB (Stockholmsborsen's "Attract 40 list": MICR) today presents the Group's Interim Report for January 1 - March 31, 2004. * First quarter order intake was SEK 218 (76) million. * Net sales during the first quarter reached SEK 97 (22) million. * The first quarter result after financial items was SEK -30 (-53) million. * The first quarter net result amounted to SEK -24 (-39) million, which is equivalent to SEK -0,61 (-2,01) per share. * Order backlog was SEK 911 (277) million. "It's with a great deal of satisfaction that I tell you we have reached our goals with respect to order intake and sales during the first quarter. The demand for Micronic's products in the hot Display market continues with undiminished strength, and we are putting great efforts into shortening lead times in the supply chain", says Sven Lofquist, CEO and president of Micronic Laser Systems. "We have also taken a major step forward in the semiconductor market. Our development efforts have been intense and given good results", states Sven Lofquist. "In our main market, Japan, we now handle the sales process within our own organization, which might shorten time between the formal order and shipment. However we foresee reaching an order intake during the first six months in line with our expectations", Sven Lofquist explains. "Finally, I'm happy to say that the tremendous work done by our customer support team has led to our recognition as Supplier of the Year by the semiconductor manufacturer Microchip Technology". Company contact: Sven Lofquist President & CEO +46 8 638 52 00 sven.lofquist@micronic.se Agency contact: Luz Rodriguez Loomis Group, Inc. +33 1 58 18 59 30 rodriguezl@loomisgroup.com About Micronic Laser Systems AB Micronic Laser Systems 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. The technology involved is known as microlithography. Micronic´s systems are used by the world´s leading electronics companies in the manufacture of television and computer displays, semiconductor circuits and semiconductor packaging components. Micronic is located in Taby, north of Stockholm and at present has subsidiaries in the United States, Japan and in Taiwan. The company has 342 employees. Micronic maintains a web site at: http://www.micronic.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/22/20040422BIT20030/wkr0006.pdf Complete report