TABY, SWEDEN – Mycronic’s fourth quarter net sales rose 12% year-over-year to SEK 1.18 billion (US$122.6 million) and 9% based on constant exchange rates.

EBIT was SEK 204 million, an increase of 35%.

Orders increased 31% to SEK 1.7 billion.

Net sales for 2019 were up 14% to SEK 4.3 billion and 9% based on constant exchange rates.

EBIT was SEK 1.1 billion, an increase of 10% compared to 2018.

Orders for the year increased 25% to SEK 4.6 billion.

“I am pleased today to present another successful year for Mycronic, particularly in light of the global unrest and the slowdown in the electronics industry that characterized 2019,” said president and CEO Anders Lindqvist. “Order intake amounted to SEK 4,567 million, up 25% compared with the previous record year of 2018. In parallel, net sales increased 14% to SEK 4,307 million, with positive currency effects of SEK 171 million. EBIT rose 10% to SEK 1,124 million, with both business areas contributing to the improvement.

“In Assembly Solutions, we strengthened our overall offering to our customers during the year, adding new compact machine models for component mounting, a new and unique system that improves process quality upon application of solder paste and an upgraded platform for 3-D inspections of circuit boards. In addition, we launched a flexible and high-accuracy die bonding machine for volume production of optoelectronics and new dispensing robots with advanced motion systems for dispensing mounting fluids in connection with the manufacture of mobile phones.”

Consolidated net sales for 2020 are expected to be SEK 4.1 billion, excluding any acquisitions.

Ed.: SEK 1 = US$0.10

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