Mycronic AB
Mycronic AB (publ), Interim report January-June 2014
DGAP-News: Mycronic AB / 15.07.2014 / 08:00 --------------------------------------------------------------------- Second quarter April-June 2014 -Net sales were SEK 238 (226) million -EBIT was SEK 6 (-8) million -Earnings per share were 0.03 (-0.10) SEK Interim period January-June 2014 -Net sales were SEK 481 (453) million -EBIT was SEK 9 (-18) million -Earnings per share were 0.04 (-0.20) SEK Outlook The assessment for sales in 2014 remains unchanged from the previous quarter. The company's assessment is that sales in 2014 will be in the span of SEK 1,150 - 1,250 million. Increase in order intake for Mycronic The order intake and sales volumes show a positive trend, with an increase during the second quarter as well as during the first half of 2014, compared with the same period last year. The recovery that occurred at the end of 2013 has continued. The order intake increased 27 percent during the first half year, while sales increased 6 percent. The consolidated EBIT demonstrated a positive trend for the fourth consecutive quarter, despite the absence of system sales within business area PG. The gross margin reached 44 percent during the first six months 2014. During the last six months, Mycronic has launched new products for several different applications within both business areas SMT and PG. 'We have continued to execute our product life strategy, most recently with the launch of MY600, a new generation jet printer for application of solder paste for advanced circuit boards', said Lena Olving, CEO and President of Mycronic AB. During the first half year, the Group received orders for three mask writers, which indicates a continuing high degree of utilization of the installed base of mask writers. By delivering new products that meet customers' needs, while simultaneously maintaining cost level, the Group has reached favorable conditions for sustainable profitability. On 2 June, Micronic Mydata AB changed name to Mycronic AB. The name change is a part of the group's strategy for strengthening its brand. 'We are continuing to strengthen our brand, right now by implementing the name change throughout our subsidiaries and by the implementation of a new visual identity. One name and one brand clarify our position as a global company', said Lena Olving. Contacts at Mycronic: Lena Olving President and CEO Tel: +46 8 - 638 52 00 lena.olving@mycronic.com Per Ekstedt CFO Tel: +46 8 - 638 52 00 per.ekstedt@mycronic.com About Mycronic AB Mycronic AB is a high-tech Swedish company engaged in the development, manufacture and marketing of production equipment to the electronics industry. Mycronic 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 US. For more information see our web site at www.mycronic.com. Mycronic AB (publ) is listed on NASDAQ OMX Stockholm, Small Cap: MYCR. News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 15.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Mycronic AB Sweden ISIN: SE0000375115 End of News DGAP News-Service --------------------------------------------------------------------- 277896 15.07.2014
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