caLogo

TABY, SWEDEN -- Mycronic announced fourth-quarter sales of SEK 656 million ($79.4 million), up 102% from a year ago. 

Orders were up 65% to SEK 618 million. EBIT was SEK 231 million, up from SEK 42 million a year ago.

For the full year, the designer and manufacturer of SMT jet printer and placement machines saw net sales jump 48% from the previous year to SEK 1,475 million. Orders nearly doubled to SEK 2 billion, and EBIT was SEK 277 million.

The company forecast 2015 sales of SEK 1,650 million to SEK 1,750 million. Orders for SMT equipment are up 27%, the firm said.

"We are proud of this past year, where orders and sales increased 93% and 48%, respectively,” said Lena Olving, CEO and president of Mycronic AB. "Mycronic reported a positive EBIT and strong margins for six consecutive quarters. For the full year 2014, the EBIT margin was 19%. The fourth quarter contributed greatly to this result. We have also entered 2015 with a record high order backlog of SEK 702 million, where the lion’s share will be delivered during the current year."

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account