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Mycronic AB (publ) (MYCR.ST)

MYCR.ST on Stockholm Stock Exchange

107.50SEK
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Mycronic Q3 EBIT drops as Assembly Solutions unit weighs
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Mycronic AB (Publ) :Q3 ‍net sales were SEK 484 (497) million.Q3 ‍order intake was SEK 1,874 (367) million​​.Q3 ‍EBIT was SEK 63 (148) million​.Q3 ‍underlying ebit was sek 72 (149) million​.Says ‍board's assessment remains, that net sales in 2017 will be at level SEK 2,800 million.​.Says ‍we are not pleased with Q3 net sales and ebit regarding business area AS (Assembly Solutions)​.Says ‍quarter was negatively affected in short term by, among other things, challenges within supply chain for ramp up of platform changes​.  Full Article

Mycronic Q4 EBIT rose to SEK 405 mln, sets new financial goals
Friday, 10 Feb 2017 

Mycronic Ab (Publ) : Q4 order intake reached SEK 518 (838) million . Q4 net sales reached till SEK 1,016 (621) million . Q4 EBIT was SEK 405 (251) million . Q4 dividend proposal to agm of SEK 2.00 (1.50) per share, according to dividend policy. . Says it is board's assessment that net sales in 2017 will be at level SEK 2,800 million. . Says dividend proposal to agm of sek 2.00 (1.50) per share, according to dividend policy. . Says we intend to double net sales once again while maintaining a good profitability . Says after the last years' favorable development, the Board and the corporate management team has decided on new financial goals . Financial goal, growth: consolidated net sales including acquisitions will reach SEK 5 billion, at the end of the period covered by the business plan, 4 to 7 years . Financial goal, profitability: EBIT will exceed 15 percent of net sales over a business cycle. . Unchanged financial goal for capital structure Link to Q4-report: http://mb.cision.com/Main/10432/2184493/626479.pdf Further company coverage: [MYCR.ST] ((Olof.Swahnberg@thomsonreuters.com;)).  Full Article

Mycronic says to buy China's Shenzhen Axxon Automation
Monday, 1 Aug 2016 

Mycronic Publ AB : Mycronic acquires Shenzhen Axxon Automation Co.,Ltd . Has signed an agreement to acquire 75 percent for a cash consideration of approximately SEK 430 million . Says acquisition will be financed through own funds . Says an additional 5 percent will be acquired within this year and last 20 percent after three years . Says Axxon develops, manufactures, and sells dispensing equipment for the electronics industry and has obtained a leading position in the SMT market in China in a short time . In 2015, Axxon's net sales increased over 100 percent to approximately SEK 150 million with an EBIT margin exceeding 20 percent .Mycronic says China represents approximately 40 percent of the global dispensing market, a market worth several hundred million US dollars.  Full Article

Mycronic Q2 operating profit rises
Wednesday, 13 Jul 2016 

Mycronic Publ Ab : Q2 order intake was SEK 775 (311) million . Q2 EBIT was SEK 106 (1) million .Says board's assessment remains, that sales in 2016 will be at level of SEK 1,900 million.  Full Article

Mycronic AB wins order for replacement mask writer
Monday, 2 May 2016 

Mycronic AB:Receives one more order for a replacement mask writer.The system is scheduled to be delivered to a customer in Asia during H2 2017.Says the price level for a replacement mask writer built on the Prexision platform is normally in the range of $12-16 million depending on the configuration and type of system traded in.  Full Article

Mycronic repeats outlook for FY 2016
Thursday, 21 Apr 2016 

Mycronic AB:Repeats outlook for FY 2016.Still sees sales in FY 2016 to be at the level of 1.90 billion Swedish crowns.FY 2016 revenue 1.85 billion crowns-Thomson Reuters I/B/E/S.  Full Article

Mycronic receives order for replacement mask writer
Wednesday, 30 Mar 2016 

Mycronic AB:Says receives one more order for a replacement mask writer.Says the price level for a replacement mask writer built on the Prexision platform is normally in the range of $12-16 million depending on the configuration and type of system traded in.  Full Article

BRIEF-Mycronic says CEO Lena Olving to step down in 2019

* SAYS ‍AGREEMENT TERMS, WHICH HAVE BEEN DESCRIBED IN MYCRONIC'S ANNUAL REPORTS, INCLUDE AN AGREEMENT OF RETIREMENT AT AGE OF 62 WHICH COMES INTO EFFECT IN DECEMBER 2018​