Mikron continues to grow: orders up 36.6%, sales up 8.5% year-on-year

Volume Figures for Fiscal 2007

(PresseBox) ( Biel, )
The Mikron Group, a specialist in the production of machining and assembly systems, posted an order intake of CHF 312.5 million in the 2007 financial year and recorded net sales of CHF 265.3 million. Both figures were up on the previous year, with the order intake exceeding expectations by a wide margin (+36.6%). Net sales increased by a good 8.5%. Operating profit (EBIT) and net earnings will once again improve compared with the previous year. The Mikron Group is starting the new financial year confidently and with a very good backlog of orders.

Order intake at very high level Order intake was up significantly on the previous year (+36.6%) and exceeded expectations. A large proportion of the orders was received in the first half of the year and the previous year's total volume was already reached after nine months. By the end of the year, the volume of orders surpassed all previous figures thanks to a strong willingness to invest on the part of customers. The Machining Technology division (+24.2%) reported an increase in orders for machines as well as for cutting tools. The majority came from companies supplying the automotive industry, where the constant further development of modern fuel injection systems is an important driver of the division's business. The Assembly Technology division (+51.4%)posted a record order intake in 2007, far exceeding 2006, which had already been a good year.

While the first quarter was characterized by orders expected to generate lower revenues, the order mix during the months that followed included a good number of repeat orders. The usual healthy order intake from the Medical/Personal Care market segment was joined by a large number of orders from the electrical industry.

Further increase in sales Sales also increased compared with the previous year (+8.5%), exceeding expectations. Both divisions contributed to the increase. As a consequence of the cumulative order intake by midyear, additional resources were made available on a selective basis to cope with the high level of capacity utilization. Because orders take several months to process, some will not be reflected in net sales until 2008.

Results expected to improve again Both operating profit (EBIT) and net earnings will continue to improve compared with the previous year.

Positive outlook Both divisions began the new financial year with a gratifying level of orders on their books. For 2008, the Mikron Group expects the operating environment to remain positive, although customers are likely to become less willing to invest. The company is aiming for further growth with higher sales than the previous year and a significant improvement in operating profit
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