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Mycronic AB (publ) (MYCR.ST)

MYCR.ST on Stockholm Stock Exchange

107.50SEK
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Mycronic says CEO Lena Olving to step down in 2019
Thursday, 22 Feb 2018 02:30am EST 

Feb 22 (Reuters) - Mycronic AB (Publ) ::LENA OLVING LEAVES MYCRONIC DURING 2019.SAYS ‍AGREEMENT TERMS, WHICH HAVE BEEN DESCRIBED IN MYCRONIC'S ANNUAL REPORTS, INCLUDE AN AGREEMENT OF RETIREMENT AT AGE OF 62 WHICH COMES INTO EFFECT IN DECEMBER 2018​.SAYS ‍PROCESS TO FIND A SUCCESSOR HAS BEGUN​.SAYS ‍BOARD HAS EXTENDED EMPLOYMENT AGREEMENT WITH LENA OLVING, WHICH MEANS THAT LENA WILL REMAIN IN OFFICE AT LATEST UNTIL MAY 15, 2019​.  Full Article

Mycronic ‍Q4 EBIT At SEK 312 Mln
Wednesday, 7 Feb 2018 02:00am EST 

Feb 7 (Reuters) - MYCRONIC AB (PUBL) ::Q4 ‍ORDER INTAKE WAS SEK 572 (518) MILLION​.‍Q4 NET SALES AMOUNTED TO SEK 931 (1,016) MILLION​.‍Q4 EBIT AMOUNTED TO SEK 312 (405) MILLION​.‍PROPOSES TO AGM A DIVIDEND OF SEK 2.50 (2.00) PER SHARE, IN ACCORDANCE WITH DIVIDEND POLICY.​.‍EARNINGS FOR AS WERE CHARGED WITH ACQUISITION-RELATED COSTS OF SEK 107 MILLION.​.‍"WE ARE SYSTEMATICALLY EVALUATING POSSIBLE ACQUISITIONS."​.  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 Q2 EBIT rises, orders dive
Friday, 14 Jul 2017 02:00am EDT 

July 14 (Reuters) - Mycronic AB (Publ) :Q2 order intake SEK 469 (775) million.Q2 EBIT was SEK 314 (106) million.Q2 underlying EBIT was SEK 325 (106) million.Q2 board's assessment remains, that net sales in 2017 will be at level SEK 2,800 million.  Full Article

Mycronic wins replacement order for mask writer
Thursday, 13 Jul 2017 02:00am EDT 

July 13 (Reuters) - Mycronic AB (Publ) :Mycronic's customers continue to replace older mask writers.Says has received ninth order from yet another customer in asia for a mask writer replacing an older system for manufacturing of display photomasks.Says the price level for a replacement mask writer built on the Prexision platform is normally in the range of USD 12–16 million .  Full Article

Mycronic posts higher EBIT, sales in Q1
Thursday, 20 Apr 2017 02:00am EDT 

April 20 (Reuters) - Mycronic Ab (Publ) :Q1 EBIT was SEK 159 mln vs year-ago 32 mln.Q1 net sales reached SEK 676 mln vs year-ago 344 mln.Q1 underlying EBIT was SEK 208 mln vs year-ago 32 mln.Q1 order intake reached SEK 653 mln vs year-ago 794 mln.Says it is board's assessment that net sales in 2017 will be at level SEK 2,800 million..  Full Article

Mycronic acquires Automation Engineering, Inc for $35 mln
Monday, 21 Nov 2016 02:16am EST 

Mycronic Ab (Publ) : Mycronic makes strategic acquisition . The purchase price amounts to USD 35 million (approximately SEK 321 million) on a debt free basis and is financed with Mycronic's own funds . Says acquires 100 percent of Automation Engineering, Inc. (AEI) in USA . Says under certain conditions, based on parameters such as growth and earnings, an earn-out at a maximum amount of USD 27 million (approximately sek 248 million) will be paid over two years . Says impact on group's results in 2016 will be marginal and assessment remains that net sales in 2016 will be at level of sek 1,900 million, excluding effects from acquisitions . Says AEI has experienced high levels of growth over the last years and in 2015 net sales reached approximately USD 19 million. Net sales for the first six months of 2016 reached approximately USD 11 million . Says acquisition is effective immediately and the company will be consolidated into the Mycronic Group as of the acquisition date . AEI develops manufactures, and sells solutions for precision Camera Module Assembly and Test (CMAT) systems used in electronics products. The largest customer segment is the automotive industry with significant growth for cameras in ADAS (Advanced Driver Assistance Systems) . Says market for ADAS camera modules has an estimated average yearly growth of approximately 30 percent for the period 2015-2020 (Prismark, June 2016).  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

Mycronic AB wins order for replacement mask writer
Monday, 2 May 2016 02:00am EDT 

Mycronic AB:Receives one more order for a replacement mask writer.The system is scheduled to be delivered to a customer in Asia during H2 2017.Says the price level for a replacement mask writer built on the Prexision platform is normally in the range of $12-16 million depending on the configuration and type of system traded in.  Full Article

BRIEF-Mycronic says CEO Lena Olving to step down in 2019

* SAYS ‍AGREEMENT TERMS, WHICH HAVE BEEN DESCRIBED IN MYCRONIC'S ANNUAL REPORTS, INCLUDE AN AGREEMENT OF RETIREMENT AT AGE OF 62 WHICH COMES INTO EFFECT IN DECEMBER 2018​