First quarter 2012
- Net sales were SEK 295 (255) million
- EBIT was SEK 2 (-19) million
- Adjusted EBIT was 7 (-11) million
- Earnings per share was SEK -0,08 (-0,26)
Outlook
Sales for 2011 were SEK 1,198 million. The Board’s assessment is that sales in 2012 will exceed that amount somewhat.
CEO comments on first quarter
The start of 2012, after a strong 2011 and in line with our expectations, has continued to be strong in terms of surface mount (SMT). Sales increased 13 percent and the operating margin was 14 percent. The demand has been particularly strong for the equipment in the MY100e series, which was successfully launched in 2011.
It is also heartening to see that the SMT aftermarket sales continue to grow. Service operations especially have seen increased volume during the first quarter. The Group's overall aftermarket continues to grow in terms of volume and profitability, which provides a solid base for continued profitable growth.
The profitability of the company’s underlying businesses is good, and we are reducing our dependence of deliveries of single mask writers, whose sales are more volatile. During the first quarter, Micronic Mydata did not deliver any mask writers. However, one system was shipped in the middle of April.
During the first quarter, we have seen restructurings within the display industry, which point towards increased profit-ability among our customers going forward. Moreover, several new products have been launched, such as the new iPad, where it is the display that has been primarily improved. Consumers demand more advanced electronics with higher quality. This creates demand for displays with ever increasing image quality and semiconductor components with ever increasing functionality, which in turn drives demand for cost-effective production solutions. Micronic Mydata offers these production solutions.
For future growth, we have continuing investments in new product areas, foremost LDI. A technology shift is underway driven by increasing demands on functionality in combination with cost-efficiency. Our LDI technology contributes to the continued development of new electronics products. After the market launch at the end of last year, we are now working toward the next milestone, the "selection" which our cooperation partners will make. The work is primarily focused on reaching high performance in production processes.
Peter Uddfors, President and CEO
Contacts at Micronic Mydata:
Peter Uddfors
President and CEO
+46 8 - 638 52 00
peter.uddfors@micronic-mydata.com
Carina Wång
CFO
+46 8 - 638 52 00
carina.wang@micronic-mydata.com
