27 January2021

Mikron with improved earnings in second half

Mikron with improved earnings in second half

 

Biel, January 27, 2021, 7.00 a.m. – According to provisional closing figures, the Mikron Group’s sales contracted from CHF 327.6 million to CHF 257.8 million (-21.3%) in the 2020 business year, which was dominated by the Covid crisis. While the Mikron Automation business segment held up well in the pharmaceutical and medtech sectors in particular, its main market, the Mikron Machining Solutions business segment suffered considerably owing to the general mood of uncertainty and low demand for machining systems. Both business segments incurred substantial restructuring costs in the first half of 2020. The measures taken had a positive impact on the result already in the course of the second half. Order intake and net sales also improved compared with the first half. Overall, Mikron is expecting to report a small positive EBIT for the second six months and so post an EBIT loss for 2020 in the neighborhood of the half-year results.

 

Order intake

At CHF 267.3 million, the Mikron Group posted a 7.3% decrease in order intake compared with 2019 (CHF 288.5 million). The Mikron Automation business segment accounted for CHF 171.5 million of order intake, and the Mikron Machining Solutions business segment CHF 96.0 million, with the order situation in the tools business fortunately recovering somewhat towards the end of 2020.

 

Net sales and order backlog

With annual net sales at CHF 257.8 million, the Mikron Group fell short of the previous year’s result (CHF 327.6 million) by 21.3%. The Mikron Automation business segment reported sales of CHF 161.7 million (previous year: CHF 177.2 million, -8.7%), while the Mikron Machining Solutions business segment suffered a decrease in sales to CHF 96.3 million (previous year: CHF 151.5 million, -36.4%). At CHF 161.6 million, the Group’s year-end order backlog is, however, higher than at the end of 2019 (CHF 157.4 million, +2.7%) and at the end of June 2020 (CHF 155.0 million, +4.3%).

 

Profitability

Mikron is expecting EBIT (incl. restructuring costs) at the level of the half-year results (CHF - 21.6 million).

 

Mikron will announce the Group’s detailed closing figures for 2020 at the Media and Analysts Conference on March 10, 2021.

 

 

Preliminary volume figures for the Mikron Group

 

		2020	2019	+/-
CHF million
Order intake 1)		267.3	288.5	-7.3%
- Machining Solutions		96.0	119.4	-19.6%
- Automation		171.5	169.2	+1.4%
Net sales		257.8	327.6	-21.3%
- Machining Solutions		96.3	151.5	-36.4%
- Automation		161.7	177.2	-8.7%
Order backlog 1)		161,6	157.4	+2.7%
- Machining Solutions		38.2	38.1	+0.3%
- Automation		123.4	119.4	+3.4%

 

^{1)     Alternative performance measures, see Annual Report 2019, pages 102 to 104, or www,mikron.com/apm}

Media release (PDF) - (PDF, 128 KB) a

12 October2020

Mikron CEO Bruno Cathomen to step down in mid-2021

Mikron CEO Bruno Cathomen to step down in mid-2021

 

Biel, October 12, 2020, 7:00 a.m. – After twelve years in senior management and nine years as CEO of the Mikron Group, Bruno Cathomen has decided to step down from his position as CEO in mid-2021. Until the handover to his successor, Bruno Cathomen will remain with the company as CEO and continue to assume the tasks and responsibilities of Group Management. The Board of Directors would like to take this opportunity to thank Bruno Cathomen for his great commitment and services to date. The search for a qualified successor is started immediately.

Media release (PDF) - (PDF, 199 KB) a

11 September2020

Mikron plans the succession in the Presidium of the Board of Directors at the Annual General Meeting 2021

Mikron plans the succession in the Presidium of the Board of Directors at the Annual General Meeting 2021

 

Biel, September 11, 2020, 7:00 a.m. – The Board of Directors of Mikron Holding AG will propose to the shareholders at the next Annual General Meeting on April 23, 2021 Paul Zumbühl for election as the new Chairman of the Board of Directors. Zumbühl was elected to the Board of Directors of the Mikron Group at the 2018 Annual General Meeting. He will succeed Heinrich Spoerry as Chairman of the Board of Directors, who has been on the Mikron Board of Directors since 2001 and Chairman of the Board of Directors of Mikron Holding AG since 2010. The Board of Directors of the Mikron Group would like to thank Heinrich Spoerry for his many years of great commitment to the Mikron Group.

Media release (pdf) - (PDF, 41 KB) a