Fourth quarter October-December 2015
· Order intake was SEK 838 (618) million
· Net sales were SEK 621 (656) million
· EBIT was SEK 251 (231) million
· Earnings per share were SEK 1.99 (2.37)
Full year January-December 2015
· Order intake was SEK 2,179 (2,028) million
· Net sales were SEK 1,815 (1,475) million
· EBIT was SEK 540 (277) million
· Earnings per share were SEK 4.52 (2.72)
Dividend
The Board proposes an ordinary dividend of SEK 1.50 (0.80) per share and an
extraordinary dividend of SEK 2.50 (3.20) per share. The total dividends of SEK
4 (4) per share amount to SEK 391.7 (391.7) million.
Outlook
The Board’s assessment is that sales in 2016 will be at the level SEK 1,900
million.
2015 - stable performance
“Strong fourth quarter is the culmination of a year of stable growth, a year to
be proud of. Never have system or aftermarket sales been higher. Growth was 23
percent. The results demonstrate that the product development strategy is
correct. This is especially gratifying during a year when the global market for
SMT equipment has experienced a decline. The operating margin reached 40 percent
in the fourth quarter and 30 percent for the whole year. And we moved into 2016
with an order backlog exceeding SEK 1 billion. At the same time, through
investments in product development, we have taken steps to reach our established
goals for growth and profitability in the coming years," says Lena Olving, CEO
and President of Mycronic AB.
Mycronic’s launches of innovative production solutions for effective electronics
production have led to an increase in demand within both of Mycronic’s business
areas, which has strengthened the company's market and financial positions.
During the fourth quarter, the latest new equipment for dispensing several types
of fluids was introduced. Mycronic’s Jet Dispenser, which builds on the jet
printing platform, is significantly faster than existing dispensing solutions
and targets new segments on the SMT market. By broadening the product offering
to other segments, opportunities are created for a position shift, which is in
line with the company's strategy for growth.
During 2015, Mycronic received orders for a total of nine mask writers for
different applications. Demand for the most high resolution mobile displays is
on the rise, which increases photomask complexity. Mycronic’s most advanced mask
writer, the Prexision-80 (P-80), is indispensable for this manufacturing. During
2015, the company delivered a P-80 and received an order for an additional
system.
The company’s replacement offering for customers with older mask writers for
display manufacturing was also positively received, with three orders in 2015.
"Besides maintaining and developing our existing offering, we have started an
initiative to make the technology leap necessary to develop products for new and
future needs within SMT. By collaborating with a high tech engineering company
in Asia, we complement our unique competence with specific technological and
market competence for new customer requirements," says Lena Olving.
Contacts at Mycronic:
Lena Olving
President and CEO
+46 8 - 638 52 00
lena.olving@mycronic.com
Per Ekstedt
CFO
+46 8 - 638 52 00
per.ekstedt@mycronic.com
About Mycronic
Mycronic AB is a high-tech Swedish company engaged in developing, manufacturing
and marketing of production solutions to the electronics industry. Mycronic
headquarters are 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 the
company website www.mycronic.com.
Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.
