Press release BoxID: 168966 (Mikron Holding AG)
  • Mikron Holding AG
  • Mühlebrücke 2
  • 2502 Biel-Bienne
  • Contact person
  • Patrick Brisset
  • +41 (32) 32172-15

Order intake at very good level / Significant increase in sales / Investor group extends its commitment

(PresseBox) (Biel, ) The Mikron Group, a specialist in the production of machining and assembly systems, posted an order intake of CHF 84.8 million in the first quarter of the 2008 financial year and recorded net sales of CHF 68.3 million. Both values represent a very good level. Order intake (-2.9%) almost achieved the previous year s extraordinarily high volume and exceeded expectations by a substantial margin. Net sales (+22.5%) are a reflection of the high order volume that Mikron achieved in the middle of last year. Achieving a significant improvement in operating profit (EBIT) remains the top priority for the 2008 financial year. The group of investors headed by Johann N. Schneider-Ammann is extending its commitment by another three years.

Both the Machining Technology and Assembly Technology divisions contributed to the very good order intake. In addition to orders from the main automotive and medical/personal care segments Mikron received orders from a number of new market segments. Among other things, major international customers in the precision engineering and electrical engineering sectors placed orders with future potential. Once again the cumulative number of orders received in the first quarter is very high. Mikron therefore expects the situation to return to normal in the quarters ahead.

Sales are characterized by the previous year s very good order volume; this is a consequence of the several months needed to process customer orders. Sales volume in the current financial year will probably continue at its current level.

Shareholders pooling agreement extended

By extending its commitment until 2011, the group of Swiss industrial investors is demonstrating its confidence in Mikron. This group of investors played a key role in getting the balance sheet restructured five years ago and signed a pooling agreement lasting for five years until June 2008. As at 31 December 2007 this group held 70 percent of Mikron shares. Its members are Ammann Group Holding AG, Corporate Investment Management Affentranger Holding AG, Personalfürsorgestiftung Rieter AG, Tegula AG and Mr Rudolf Maag.