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STOCKHOLM, Feb. 9, 2022 /PRNewswire/ —
Fourth quarter
- Order intake amounted to SEK 1,234 (865) million, up 43 percent
- Net sales increased 30 percent to SEK 1,295 (992) million. Based on constant exchange rates, net sales increased 27 percent
- EBIT amounted to SEK 204 (214) million and EBIT margin was 16 (22) percent
- Earnings per share were SEK 1.82 (1.80)
January-December
- Order intake amounted to SEK 4,506 (3,687) million, up 22 percent
- Net sales increased 19 percent to SEK 4,635 (3,882) million. Based on constant exchange rates, the increase was 23 percent
- EBIT amounted to SEK 1,049 (898) million and EBIT margin was 23 (23) percent
- Earnings per share were SEK 8.48 (7.10)
- The Board of Directors has proposed a dividend of SEK 3.00 (3.00) per share to the 2022 Annual General Meeting
Outlook 2022
It is the Board of Directors’ opinion that consolidated net sales for 2022 will be at a level of SEK 5 billionbased on prevailing exchange rates. Due to the product mix of announced orders in Pattern Generators with deliveries in 2022, the Group’s EBIT margin is expected to be slightly above the long term financial target of >15 percent.
CEO comments
During the final quarter of the year, order intake and net sales showed strong growth, with increases of 43 and 30 percent, respectively. Due to a different product mix, mainly lower net sales in Pattern Generators’ display segment, the Group EBIT was somewhat lower. High Flex and Global Technologies at the same time showed their best EBIT margin ever, which underscores that Mycronic stands solid with contributions from all divisions. It is gratifying to see that we achieved the ambitious goal that I announced in 2019, of achieving an EBIT margin of 10 percent in the former Assembly Solutions business area not later than in 2021. If we exclude the year’s acquisitions, which were not part of the Group when the …
Full story available on Benzinga.com
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