First quarter
- Order intake amounted to
SEK 1,645 (1,617) million, an increase of 2 percent - Net sales increased 39 percent to
SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent - EBIT amounted to
SEK 599 (182) million and the EBIT margin was 35 (15) percent - Earnings per share were
SEK 5.01 (1.52) before dilution andSEK 5.00 (1.52) after dilution
Outlook 2024
The Board of Directors’ opinion remains that consolidated net sales for 2024 will be at a level of
CEO comments
We started the year strongly. The order intake for the first quarter was at the same favorable level as last year, while net sales increased 39 percent, driven mainly by Pattern Generators. EBIT amounted to
In 2024, we celebrate “more than 50 years of innovation” at
In Pattern Generators, the photomask market for displays was stable in the first quarter of the year after having slowed slightly in the fourth quarter of 2023, while the photomask market for semiconductors remained at a high level. Pattern Generators received orders for five mask writers during the quarter: one Prexision 8 Evo and four SLXs.
In High Flex, demand in
During the quarter, High Volume noted a recovery in demand in both
In Global Technologies’ PCB test business line, demand for test equipment was strong, driven by increased demand for printed circuit boards used in advanced servers for training AI models. Strong AI driven demand in the data communications market continued from last quarter and supported the die bonding business. The die bonding business line launched a product for active alignment of optical components during the quarter that will address additional steps in our customers’ production process.
At the end of the quarter, Global Technologies signed an agreement to acquire Vanguard Automation, a small company headquartered in Karlsruhe,
Financial information
Financial reports and press releases are published in Swedish and English and are available at www.mycronic.com.
This report was not reviewed by the company’s auditor.
Presentation
© Modular Finance, source