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Mycronic AB (publ) (MYCR.ST)

MYCR.ST on Stockholm Stock Exchange

89.60SEK
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Mycronic Acquires U.S.-Based MRSI Systems
Friday, 1 Jun 2018 02:00am EDT 

June 1 (Reuters) - Mycronic AB (publ) ::MYCRONIC ACQUIRES MRSI SYSTEMS, LLC IN THE USA.PURCHASE PRICE AMOUNTS TO USD 40.7 MILLION (APPROXIMATELY SEK 358 MILLION) ON A CASH AND DEBT FREE BASIS.DEAL FINANCED WITH A COMBINATION OF MYCRONIC'S OWN FUNDS AND BANK FINANCING.UNDER CERTAIN PERFORMANCE PARAMETERS, AN EARN-OUT OF A MAXIMUM AMOUNT OF USD 20.2 MILLION WILL BE PAID IN 2020.ACQUISITION IS EFFECTIVE 1 JUNE 2018 AND EXPECTED TO CONTRIBUTE POSITIVELY TO UNDERLYING EBIT 2018.  Full Article

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

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