TABY, SWEDEN – Mycronic recorded fourth quarter 2015 net sales of SEK 621 million ($73.9 million), down 5.3% year-over-year.

EBIT was SEK 251 million, an increase of 8.7% compared to the fourth quarter of 2014.

Orders during the period accounted for SEK 838 million, up 35.6% year-over-year.

For 2015, net sales were SEK 1.8 billion, up 23% compared to 2014.

EBIT was SEK 540 million, up 95% over the previous year.

Orders for the year accounted for SEK 2.18 billion, an increase of 7.4% year-over-year.

“Strong fourth quarter is the culmination of a year of stable growth. Never have system or aftermarket sales been higher. Growth was 23%,” said Lena Olving, CEO and president of Mycronic. “The results demonstrate the product development strategy is correct. This is especially gratifying during a year when the global market for SMT equipment has experienced a decline. The operating margin reached 40% in the fourth quarter and 30% for the whole year. And we moved into 2016 with an order backlog exceeding SEK 1 billion."

The firm expects 2016 sales of SEK 1.9 billion.

Ed.: SEK 1 = US$0.119

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