Mycronic Reports Q2 Net Sales Up 62.5%
TABY, SWEDEN – Mycronic reported second quarter 2016 net sales of SEK 463 million ($54.6 million), up 62.5% year-over-year. EBIT for the quarter was SEK 106 million, compared to SEK 1 million in the same period last year.
During the April to June period, Mycronic received orders in the amount of SEK 775 million, up 149% year-over-year.
For the first half, net sales were SEK 807 million, up 37% compared to the first half of 2015. EBIT was SEK 137 million, up 407.4% year-over-year, while orders reached nearly SEK 1.6 billion, compared to SEK 782 million in the same period last year.
The firm enters the second half with a record high order backlog of SEK 1.83 billion.
The company says it is focused on future growth through product development, primarily within SMT, and through launches within both business areas. During the first half, Mycronic saw strong demand for the products within the electronics industry, primarily due to a good photomask market, according to the firm’s CEO.
The board estimates sales in 2016 will be SEK 1.9 billion.
Ed.: SEK 1 = US$0.12
