STOCKHOLM – Mycronic reported strong financial results for the second quarter, prompting the company to raise its full-year revenue outlook to $710 million, up from a previous forecast of $660 million – $710 million.

In the second quarter, order intake declined 37% year-over-year to $124 million (from $198 million), driven by slower system orders in the Pattern Generators division. However, net sales jumped 35% to $193 million (from $143 million), or 46% on a constant currency basis.
Market conditions for photomasks remained stable, though no new system orders were recorded. Aftermarket demand grew, with continued expansion of service contracts. Mycronic signed a deal to acquire South Korea-based Cowin DST, which supplies display panel and photomask repair systems.

The China market remained strong, with continued solid demand internationally.

Mycronic completed two acquisitions: UK-based RoBAT, which enhances PCB test capabilities, and US-based Surfx Technologies, specializing in atmospheric plasma for electronics manufacturing. Surfx becomes part of a new Applied Plasma business line.
CEO Anders Lindqvist cited “a strong second quarter, strategic acquisitions and greater visibility into the year’s remaining outlook” as key reasons for raising the company’s revenue forecast.