STOCKHOLM -- Mycronic updated its financial targets for the period from 2027 through 2030, with the SMT equipment OEM now forecasting net sales of SEK10 billion ($924.9 million). EBIT will exceed SEK2 billion, the company added.

Mycronic also said it will reduce its own CO₂ emissions by 50% by the end of the forecast period.

“After having successfully reached our previous financial targets, we have now set new ambitious growth and profitability targets," said Anders Lindqvist, president and CEO, Mycronic. "In addition, we present the sustainability target alongside the financial targets. We will double net sales and EBIT and in parallel halve our own CO2 emissions. The Group’s EBIT margin shall be above 20%, the individual divisions’ EBIT margin shall be above 10% and we will commit to setting science-based targets.”

PCB West: The leading technical conference and exhibition for electronics engineers. Coming Oct. 4-7 to the Santa Clara (CA) Convention Center. pcbwest.com

SAINT-HERBLAIN, FRANCE -- Lacroix reported second quarter revenue of €173.2 million, up 36.2% from 2021, driven by the integration of Firstronic and higher selling costs for components.

WROCLAW, POLAND -- Jabil is investing $3 million in a new design center here, scheduled to open in October.

MINNEAPOLIS -- Nortech Systems announced this week that the US Patent Office has issued a patent for the company’s Flex Faraday Xtreme, a flexible printed circuit for transmitting high frequency signals while precisely controlling both crosstalk and impedance, minimizing electromagnetic interference, improving parallel transmission alignment, and increasing data density.