2021-01-27
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
Contact
Mikron Management AG, Javier Perez Freije, CFO Mikron Group
Phone +41 91 610 62 09, ir.mma@mikron.com
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Investor Relations Calendar
March 10, 2021, 07.00 a.m. – Media release: Publication of the 2020 Annual Report
March 10, 2021, 10.30 a.m. – Media and Analysts Conference (virtual conference)
April 23, 2021, 04.00 p.m. – Annual General Meeting 2021 (virtual conference)
Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.
Mikron® is a trademark of Mikron Holding AG, Biel (Switzerland).
Brief profile of the Mikron Group
The Mikron Group develops, produces and markets highly precise, productive and adaptable automation solutions, machining systems and cutting tools. Rooted in the Swiss culture of innovation, Mikron is a global partner to companies in the automotive, pharmaceutical, medtech, consumer goods, writing instruments and watchmaking industries. The Mikron Group enables its customers to increase quality and industrial productivity. The Group has over 100 years of experience, state-of-the-art technologies, and a global service. The two business segments Mikron Automation and Mikron Machining Solutions (with the Mikron Machining and Mikron Tool divisions) are based in Switzerland (Boudry and Agno). Additional production sites are located in the USA, in Germany, Singapore, China and Lithuania. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,300.