Micronic Mydata AB
Quarterly report

Interim report October-December 2011 and Full Year 2011

Täby, 31 January 2012 - Micronic Mydata AB (publ) is listed on NASDAQ OMX Stockholm, Small Cap, MICR. The information in this report is of the type that Micronic Mydata AB (publ) is required to disclose under the Swedish Securities Markets Act. The information was submitted for publication on 31 January 2012, at 8 am.

Fourth quarter Oct-Dec, 2011
(Comparative figures refer to Oct-Dec, 2010)

-Net sales were SEK 369 (552) million.
-The operating profit was SEK -14 (124) million.
-The adjusted operating profit was SEK -3 (138) million.
-Earnings per share were SEK -0.19 (1.14)
-The order intake was SEK 277 (306) million.

Full year, 2011
(Comparative figures refer to Full year, 2010)   

-Net sales were SEK 1,198 (1,288) million.
-The operating profit was SEK -66 (73) million.
-The adjusted operating profit was SEK -28 (144) million.
-Earnings per share were SEK -0.91 (0.45).
-The order intake was SEK 1,214 (1,388) million.
-The order backlog on 31 December was SEK 176 (153) million.

 

Future outlook
Sales for 2011 were SEK 1,198 million. The Board’s assessment is that sales in 2012 will exceed that amount somewhat.

2011 a record year for SMT
2011 was a record year for surface mount, with a 31 percent increase in sales and an operating margin of 17 percent. We developed our product offering with several successful product launches thus strengthening our competitive edge and gaining market share. The strategy behind the acquisition of Mydata has been validated. Within two years we have succeeded well in integrating two companies as well as in developing the merged businesses.

We see fantastic growth on the market for mobile consumer electronics such as tablets and smart phones. All of these products require more and more advanced displays. The earthquake in Japan and a decline in TV sales have led to delays in investments in mask writers and it was therefore a worse year for business area PG. But with strong long term demand we have a unique position as the only supplier of mask writers for display applications.

We are ensuring future growth by investing vigorously within new product areas, which allows for growth and stable profitability in the future. In November we market launched the direct writer LDI. Technology shift is on the way and our technology contributes to continued development within the electronics industry and thus continued development of new electronics products. The development of LDI is continuing and two systems are on site at two of the top players in the industry for evaluation. The tests being conducted at these customer sites are developing according to expectations and are yielding results as milestones are achieved, which will mean a reduction in LDI development costs in 2012.

Aftermarket business continues to grow both in terms of volume and profitability for both business areas, which provides us with a solid foundation for continued growth and profitability. We have succeeded well in responding to customer needs. With more systems in place it is increasingly important to attend to customer requirements to get the most out of their investments. In 2011, sales increased by five percent, even more in local currencies, and with improved margins.


Peter Uddfors, President and CEO

Contacts at Micronic Mydata: 
 

Peter Uddfors
VD och koncernchef
+46 8 - 638 52 00
peter.uddfors@micronic-mydata.com

Carina Wång
CFO
+46 8 - 638 52 00
carina.wang@micronic-mydata.com