27 September2018

Mikron presents new generation of machines and acquires own shares

Mikron presents new generation of machines and acquires own shares

 

Bienne, September 27, 2018, 6.15 p.m. – The Mikron Group presented its new Mikron 6x6 generation of machines (formerly the Phoenix project) for the first time to a wide audience of specialists at the International Exhibition for Metal Working (AMB) in Stuttgart. Mikron is convinced that this new, modular range will strengthen its market position and is pleased at the large amount of positive feedback.

 

Mikron Holding AG will also take advantage of the opportunity to acquire 400'000 (representing 2,39% of the registered share capital) of its own shares from VERAISON SICAV. As a consequence, VERAISON SICAV will fall below the threshold of 10% of the voting rights.

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24 July2018

Mikron reports high order backlog at mid-year

Mikron reports high order backlog at mid-year

Biel, July 24, 2018, 7 a.m. – The Mikron Group was able to capitalize on the positive performance in its key markets in the first half of 2018. Both business segments improved their sales and earnings compared to the same period of the previous year. The marked sales growth in both business segments resulted in EBIT of CHF 6.0 million for the first half of 2018 (first half of 2017: CHF -0.8 million). The high order backlog at mid-year and the generally good performance of both business segments will have a positive impact on the Group's sales and earnings in the second half of 2018.

 

At CHF 187.8 million, the Mikron Group reported a high order intake in the first half of 2018 (first half of 2017: CHF 114.2 million) which, compared to 2017, leads the group to expect a marked improvement in the year-end results. The order backlog is at CHF 186.6 million (June 30, 2017: CHF 119.2 million).

 

In the Machining business segment, the tool business enjoyed a particularly strong performance. Mikron was also able to tap into new market segments in this area – such as the Chinese market, which is still very young. In the machines business, Mikron Machining also succeeded in acquiring some interesting new contracts. Business with machines for the writing instruments industry, which operates primarily in Asia run well, owing to the amount of new orders won in the second half of 2017. Both production sites in Agno (Switzerland) and Rottweil (Germany) were operating at high capacity. Owing to the increase in demand, Mikron Machining further expanded capacity in the tools business at both sites. 

 

In the Automation business segment, the sites in Europe saw good capacity utilization with numerous new orders from the pharmaceutical and medtech industries, the automotive industry, and the consumer goods sector. In the USA, capacity utilization will further improve in the second half of the year owing to the amount of new orders won. In comparison with the same period of the previous year, the Automation business segment was also able to increase sales and profitability. However, a number of the new orders will only have a positive impact on sales and earnings as of the second half of 2018.

 

The Mikron Group achieved total net sales of CHF 155.3 million in the first half of 2018 (first half of 2017: CHF 118.4 million, +31%). Both business segments were able to improve their sales. Europe (including Switzerland) remained the dominant market for the Mikron Group in the first six months of 2018, accounting for 66% of all sales. Here, the Group improved sales by 29% compared to the first half of 2017. US sales increased by 54% compared to the first half of 2017, while those in Asia rose by 48%.

 

The marked sales growth in both business segments resulted in EBIT of CHF 6.0 million for the first half of 2018 (first half of 2017: CHF -0.8 million). The Automation business segment improved its EBIT from CHF 0.2 million in the first six months of 2017 to CHF 2.5 million in the first six months of 2018, while the Machining business segment improved by CHF 4.5 million to CHF 2.7 million (first half of 2017: CHF -1.8 million).

 

Net earnings for the first half of 2018 came to CHF 3.8 million (first six months of 2017: CHF -1.7 million).

 

Outlook

The high order backlog at mid-year and the generally good performance of both business segments will have a positive impact on the Group's sales and earnings in the second half of 2018. The Mikron Group’s medium-term planning for 2018-2022 is based on average annual sales growth of around 6% and a target EBIT margin of 5-7%. 

 

Overall, the Group expects a rise in annual sales of between 20% and 30%, in comparison with last year, and an EBIT margin of 3-5% (2017: 1.1%) in the 2018 annual results. Both business segments are currently contributing similarly and are thus moving towards the medium-term goals.

 

 

Key figures for the Mikron Group in the first half year 2018

 

		1.1.–30.6.18		1.1.–30.6.17		+/-
CHF million*
Order intake		187.8		114.2		64.4%
- Machining		85.4		60.5		41.2%
- Automation		102.5		53.7		90.9%
Net sales		155.3		118.4		31.2%
- Machining		84.0		57.8		45.3%
- Automation		71.5		60.7		17.8%
EBIT		6.0		-0.8		n. a.
Profit/Loss for the year		3.8		-1.7		n. a.
Operating cash flow		5.3		-10.7		n. a.

 

 

		30.6.18		30.6.17		+/-
Order backlog		186.6		119.2		56.5%
- Machining		72.5		46.7		55.2%
- Automation		114.0		72.7		56.8%
Number of employees (FTE)		1,314		1,234		6.5%
- Machining		658		590		11.5%
- Automation		631		618		2.1%
		30.6.18		31.12.17		+/-
Balance sheet total		287.2		265.7		8.1%
Equity ratio		55.9%		59.2%		-3.3%

 

*except number of employees and equity ratio

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20 June2018

Mikron Group confirms improved business performance in the first half of 2018

Mikron Group confirms improved business performance in the first half of 2018

 

Biel, June 20, 2018, 7 a.m. – The significant improvements in the Mikron Group’s business development in the second half of 2017 were confirmed in the first months of 2018. Order intake rose sharply compared with the first half of 2017. Mikron is thus expecting an increase in sales of around 25% for the first six months of 2018 in comparison with the same period of the previous year. For the year as a whole, Mikron anticipates a rise in sales of between 20 and 30% and an EBIT margin of 3-5% (2017: 0.5%). Mikron will announce the definitive figures in the semi-annual financial statements and detailed information on business performance on July 24, 2018.

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