TABY, SWEDEN -- Mycronic AB raised its financial outlook for full year revenue in 2014, saying sales from both its divisions are running ahead of plan.

The maker of SMT placement and semiconductor pattern generation equipment is forecasting sales of SEK 1.44 billion ($180 million). The firm previously forecast 2014 sales in the range of SEK 1,150 million to 1,250 million. 

In a statement, Mycronic said sales within both business areas, SMT and PG, were exceeding expectations. 

Mycronic is the parent company of Mydata.

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