TABY, SWEDEN – Mycronic's first quarter net sales rose 97% year-over-year to $75.6 million.

EBIT was $17.8 million, up 397% compared to the same quarter last year.

Orders were more than $73 million, compared to $88.8 million in the first quarter of 2016. The firm had a closing order backlog of $145.4 million.

Mycronic expects 2017 net sales of more than $313 million.

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