Mikron continues to grow: orders up 36.6%, sales up 8.5% year-on-year
Volume Figures for Fiscal 2007
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
Mikron Holding AG
Following the acquisition of Integral Systems, the Mikron Technology Group will employ around 1,000 people through 12 companies in five countries around the world. Mikron develops highly productive machining and assembly solutions, as well as challenging automation solutions, for clients drawn primarily from the automotive, medical technology, electrical/electronic and writing instrument industries. The Mikron Group comprises the Mikron Machining Technology and Mikron Assembly Technology divisions, as well as Integral Systems in Singapore.