Micronic today reports its first quarter results and announces a new breakthrough in the Semiconductor Market
Micronic today reports its first quarter results and announces a new breakthrough in the Semiconductor Market Taby, Sweden, April 22, 2002 - Micronic Laser Systems AB (Stockholmsborsen´s "Attract 40 list": MICR), is at the forefront in semiconductor and display laser pattern generators for the production of photomasks to the worldwide electronics industry. * Micronic today received an order from Photronics for a Sigma7000. The system will be shipped in the third quarter of 2002 at the latest. See separate press release. Micronic Group First Quarter Report, January 1 -- March 31, 2002. (Figures in brackets relate to the 1 January--31 March 2001 period) * Net sales in first quarter MSEK 52 (117). * First quarter EBIT results MSEK -62 (-33). * First quarter order intake MSEK 49 (110). * Closing order book MSEK 274 (319) ""The quarter is characterized by intense and successful work to secure shipment of at least one Sigma system during the first half of 2002. I am also proud to announce that Micronic has received an order from Photronics, for the shipment of a Sigma7000. Photronics, one of the world´s leading photomask manufacturer, is now a valued customer of ours", says Sven Lofquist, president and CEO of Micronic Laser Systems and continues "Micronic has also begun initial activities in an exciting new market that brings our SLM technology into direct write semicondustor applications". Key events * Micronic received an order from Japan for an MP80+ system, to be used in advanced electronic packaging. * The Annual General Meeting took place on March 21. The members of the Board were re-elected and Mr Goran Malm was elected as a new member of the Board. * Shipment of one advanced TFT-system was delayed into second quarter due to longer than expected clean room preparation at customer site. * Micronic received in April an order from Photronics, for a Sigma7000, with shipment in the third quarter at the latest. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/04/22/20020422BIT00310/wkr0001.doc The full report http://www.waymaker.net/bitonline/2002/04/22/20020422BIT00310/wkr0002.pdf The full report