Full year report 2013

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| Source: Mycronic AB
multilang-release

Fourth quarter 2013

  • Net sales were SEK 325 (481) million
  • EBIT was SEK 42 (119) million
  • Earnings per share were SEK 0.35 (1.28) SEK

Full year 2013

  • Net sales were SEK 997 (1,354) million
  • EBIT was SEK 32 (-21) million
  • Earnings per share were SEK 0.14 (-0.45)
  • The board has decided on a new dividend policy and new financial objectives
  • The board proposes dividend of SEK 0 according to the new dividend policy
  • The board proposes an extra dividend of SEK 2.50 kronor per share, a total of SEK 244.8 million

Outlook
The assessment is that sales in 2014 will be in the span of SEK 1,150-1,250 million.

 
CEO comments
Demand for SMT equipment recovered slightly in the fourth quarter and especially in December. In the fourth quarter we also received orders for two LRS15000 mask writers, of which one system was delivered in December. The year can otherwise be characterized as cautious as regards customers’ need of investments in new equipment, and this applies to both business areas. The global SMT market dropped 25 percent in 2013.

The high degree of utilization among the customers contributes to the continued stable performance for aftermarket sales with a slight increase in local currencies. However, both sales and earnings were affected negatively by the strong Swedish krona. 

In this cautious market we maintained the gross margin level for the full year and we made a net profit. We also carried out more cost savings than promised.

This year we improved the product offering. Among others the MY200 for mounting of components was successfully launched. Within PG we worked on a replacement offering for our mask writer customers, many of whom have equipment more than ten years old.

As informed earlier we reviewed the capital structure and the board has decided on new financial objectives and a new dividend policy. As a result the board proposes an extra dividend to tha shareholders. 

Our customers are dependent on production solutions that are stable and efficient, and our primary goal is to meet customer needs. Our capacity for innovation is what creates added value for them. This is a solid foundation for building long term profitability and over time increase sales to SEK 2 billion.

Lena Olving, President and CEO
 

Contacts at Micronic Mydata:
Lena Olving
President and CEO
+46 8 - 638 52 00
lena.olving@micronic-mydata.com                                 


Per Ekstedt
CFO
+46 8 - 638 52 00
per.ekstedt@micronic-mydata.com