Edition:
United States

Mycronic AB (publ) (MYCR.ST)

MYCR.ST on Stockholm Stock Exchange

95.75SEK
23 May 2018
Change (% chg)

-0.50kr (-0.52%)
Prev Close
96.25kr
Open
96.00kr
Day's High
96.15kr
Day's Low
94.80kr
Volume
316,079
Avg. Vol
386,735
52-wk High
118.25kr
52-wk Low
71.50kr

Latest Key Developments (Source: Significant Developments)

Mycronic Signs SEK 2 bln Bank Financing Agreements
Monday, 14 May 2018 07:00am EDT 

May 14 (Reuters) - Mycronic AB (publ) ::MYCRONIC SIGNS SEK 2,000 MILLION BANK FINANCING AGREEMENTS.SAYS AGREEMENTS REPLACE CURRENT SEK 700 MILLION FACILITY WITH NORDEA.SAYS NEW BANK FINANCING RUNS FOR FIVE YEARS ON MARKET TERMS AND STRENGTHENS MYCRONIC'S POSITION REGARDING FUTURE ACQUISITIONS AND GROWTH.  Full Article

Mycronic Q3 EBIT drops as Assembly Solutions unit weighs
Thursday, 19 Oct 2017 02:00am EDT 

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 02:16am EST 

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 02:37am EDT 

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 02:05am EDT 

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

BRIEF-Mycronic Q1 EBIT Rises To SEK 196 Million

* Q1 EBIT INCREASED 25 PERCENT TO SEK 196 (157) MILLION, WITH AN EBIT MARGIN OF 26 PERCENT