Content - Healthy order intake and good sales growth
- January 27, 2011
Healthy order intake and good sales growth
Biel, January 27, 2011, 7:00 a.m. The Mikron Group posted an order intake of CHF 219.8 million in the 2010 financial year (+69.5% compared to previous year) and recorded net sales of CHF 182.5 million (+21.6%). The healthy demand experienced in the first half continued throughout the second six months of the year. As announced, sales rose by a further substantial margin in the second half. Order backlog achieved a satisfactory CHF 83.9 million (+63.9%). Consequently, the Mikron Group was able to derive above-average benefit from the upturn and is emerging from the crisis with lean structures. Profitability continued to improve in the second half. Mikron should achieve its goal of a small positive EBIT despite the unfavourable exchange rate trend.
The healthy order backlog and persistently good demand for Mikron’s products and solutions will ensure good capacity utilization in the new financial year. However, the unfavourable exchange rate situation will have an adverse impact on the further profitability improvement.
This is the segment in which Mikron produces machines and cutting tools for the high-productivity machining of complex metal components. The automotive supply industry and writing instruments industry account for a significant part of its business volume.
Order intake picked up substantially on the previous year, achieving a considerably higher level than anticipated. Demand from China and India was particularly healthy in 2010, with Mikron Machining acquiring its first-ever orders from local automotive supplier companies in China. In Europe, the volume of orders received from existing customers recovered appreciably towards the end of the year. Furthermore, important new customers were gained in other segments. The tool and service business benefited particularly from the revived good level of production in the European automotive industry.
Net sales were also significantly up on the previous year. This is due to the strong rise in new orders and the relatively large proportion of short delivery-time orders for machines. At the same time, demand in the tool and service business remained good throughout the year.
This is the segment in which Mikron produces systems for automatically assembling hand-sized products. Customers in the pharmaceutical and medical industries account for the largest share of business volume.
Order intake recovered considerably on the previous year, even slightly exceeding expectations. During the year under review, substantially more orders were booked outside the pharma/medical segment than in the previous year. After a long absence, requests were received from the European automotive industry once again. One of the outcomes of these requests were the first European sales successes for the Asian-manufactured Mikron EcoLine™ platform. Moreover, the proportion of orders from Asia also rose strongly on the back of the platform’s success. In the United States, a healthy number of new orders were received in the pharma/medical segment.
However, net sales fell a little way short of the previous year’s level. The primary reasons for this are the low level of orders at the end of 2009 and the fact that new project orders mainly generate turnover towards the end of their execution.
New appointment to Board of Directors
Mr Patrick Kilchmann, Head of Group Services at the Ammann Group, will be put forward for election to the Board of Directors at the Annual General Meeting on 7 April 2011 as the successor to Johann N. Schneider-Ammann, who stepped down on 26 October 2010.
Preliminary volume figures for 2010 financial year
Divisional financial figures before consolidation
|Order intake ||219.8||129.7||69.5%|
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Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.
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