12 December2019Mikron confirms sales and EBIT forecasts for 2019, but expects higher tax expense
Mikron confirms sales and EBIT forecasts for 2019, but expects higher tax expense
Biel, December 12, 2019, 7:00 a.m. - The Mikron Group continues to expect higher sales for 2019 as a whole than for 2018 and EBIT at the previous year's level. Negative tax effects, however, will significantly reduce profit after taxes in 2019.
While the Mikron Automation business segment confirms the positive business development, the Mikron Machining Solutions business segment - as already communicated - is significantly affected by the lower demand from the automotive industry. The very different operating results of the individual companies at EBIT level will lead to a higher tax rate at Group level in the 2019 annual financial statements. Since the Mikron Group does not anticipate a short-term recovery in the automotive industry and in the operating results of the companies concerned, the capitalized tax loss carryforwards may also have to be partially written down in the 2019 financial statements. Overall, these tax effects will significantly reduce profit after taxes compared with the previous year.
12 December2019Mikron confirms sales and EBIT forecasts for 2019, but expects higher tax expense
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