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08.03.2024 07:01:02 - dpa-AFX: EQS-News: Mikron Group posts another significant increase in sales and profit (english)
Mikron Group posts another significant increase in sales and profit
Mikron Holding AG / Key word(s): Annual Results
Mikron Group posts another significant increase in sales and profit
08-March-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Biel, March 8, 2024, 7.00 a.m. - The Mikron Group again improved its
earnings situation in the past financial year. Both business segments
increased annual net sales and achieved good results. Strong demand in all
of Mikron's key markets, above-average growth in the Automation division,
sales growth in the Machining division, and the Tool division's good
positioning were the key factors behind this performance. The Group's net
sales rose from CHF 309.4 million to CHF 370.2 million (+19.7%). At CHF
412.1 million, order intake surpassed the previous year's record figure of
CHF 408.0 million (+1.0%). The Group's EBIT for 2023 amounts to CHF 35.3
million (2022: CHF 26.4 million, +33.7%), and the profit for the year is CHF
28.8 million (2022: CHF 24.2 million, +19.0%).
All three divisions of the Mikron Group again performed well in the 2023
financial year and achieved some important development targets on their way
to realizing their growth and profitability ambitions on a sustainable
basis. They made good use of the strong demand from their key target markets
such as the pharmaceutical and medical technology industries, the
watchmaking sector, and the writing industry. The importance of the
combustion engine as a sales market for Mikron is now limited.
To counter rising inflation, all Mikron divisions regularly analyzed prices
and made the necessary adjustments. Thanks to proactive discussions with
suppliers and customers, the increases in raw material and energy prices did
not have a significant impact on the Mikron Group's profitability. Mikron
also succeeded in mitigating the impact of exchange rate fluctuations on
profitability. The fact that the restrictions on global supply chains eased
significantly from the second half of 2023 also had a positive impact on
Group's net sales and profitability.
Order intake and net sales
The Mikron Group reported order intake of CHF 412.1 million in 2023,
representing another increase of 1.0% compared with the prior year (CHF
408.0 million). Posting annual net sales of CHF 370.2 million, the Mikron
Group exceeded the prior-year result of CHF 309.4 million by 19.7%. Europe
remains Mikron's most important market, with 59% (including Switzerland) of
total net sales in 2023 (2022: 49% including Switzerland). Accounting for a
share of 25%, North America remains in second place (previous year: 30%).
The strongest market segment remains the pharmaceutical and medical
technology sectors at 57% (previous year: 55%). The automotive industry
contributed 7% (prior year: 12%) to total net sales.
Order backlog and capacity utilization
At CHF 304.3 million, the Mikron Group reported a high order backlog at the
end of 2023, up 12.4% on the prior-year figure (end of 2022: CHF 270.7
million). Capacity utilization was high in all three divisions throughout
the year.
Profitability
In the 2023 financial year, the Mikron Group again improved its EBIT and
profit figures. Compared with the previous year, Mikron increased its EBIT
from CHF 26.4 million to CHF 35.3 million (+33.7%). It includes a one-off
positive effect of CHF 2.2 million resulting from the sale of a
non-operating property in Nidau (Switzerland). The Group thus achieved an
EBIT margin of 9.5% for 2023 (2022: 8.5%). The profit increased from CHF
24.2 million to CHF 28.8 million (+19.0%). Profit per share for 2023 came to
CHF 1.73 (prior year: CHF 1.47). The Mikron Group's return on net assets
(RONA) for the 2023 financial year is an impressive 23.8%.
Distribution to shareholders
At the General Meeting on April 23, 2024, the Board of Directors of the
Mikron Group will propose a distribution to the shareholders of CHF 0.50 per
share (previous year: CHF 0.40).
Outlook
The Mikron Group's progress is in line with the Group's medium-term planning
and strategy. Mikron started the 2024 financial year in a good position with
a sound cost structure, a solid order backlog in both business segments, and
an intact demand trend in all key sales markets. However, it remains
difficult to provide a forecast for fiscal 2024. The global economic
situation remains unstable, particularly as the world is currently
characterized by polarizing narratives, global conflicts, and armed clashes.
The Mikron Group is expecting overall sales to remain stable in 2024 and a
similar operating result margin to 2023.
Brief profile of the Mikron Group
The Mikron Group develops, produces and markets very precise, productive and
adaptable automation solutions, machining systems and cutting tools. Rooted
in the Swiss culture of innovation, Mikron is a global partner to companies
in the pharmaceutical, medtech, consumer goods, automotive, and general
engineering industries. The Mikron Group enables its customers to increase
quality and industrial productivity. The Group has over 100 years of
experience, state-of-the-art technologies, and a global service. The two
business segments Mikron Automation and Mikron Machining Solutions are based
in Switzerland (Boudry and Agno). Additional production sites are located in
the USA, Germany, Singapore, China and Lithuania. Mikron Holding AG shares
are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total
workforce of around 1,550.
Publication of annual results for 2023
The annual results will be published at the same time as this ad hoc
announcement in the form of the 2023 Annual Report:
www.mikron.com/financial-reports . Online report, see:
https://report.mikron.com.
Download ad hoc announcement pursuant to Art. 53 LR:
www.mikron.com/news
Key figures for the Mikron Group
1) Except number of employees and %
2) Alternative performance measure, see 2023 Annual Report, pages 148 to
150, or www.mikron.com/apm
3) End of year
Contact
Mikron Switzerland AG, Dr. Javier Perez Freije, CFO Mikron GroupPhone +41 91
610 62 09, ir.mma@mikron.com Investor Relations CalendarMarch 8, 2024, 10.30
a.m. Media and analysts conference
April 23, 2024, 04.00 p.m. Annual General Meeting 2024
July 19, 2024, 07.00 a.m. Ad hoc announcement pursuant to Art. 53 LR,
semiannual results 2024 Except for the historical information contained
herein, the statements in this ad hoc announcement are forward-looking
statements that involve risks and uncertainties. Mikron® is a trademark of
Mikron Holding AG, Biel (Switzerland).
Mikron Holding AG | Mühlebrücke 2 | 2502 Biel | Schweiz | T+41 32 321 72 00
| F +41 32 321 72 01 | www.mikron.com
Abbestellen
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End of Inside Information
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1854175 08-March-2024 CET/CEST
Mikron Holding AG / Key word(s): Annual Results
Mikron Group posts another significant increase in sales and profit
08-March-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Biel, March 8, 2024, 7.00 a.m. - The Mikron Group again improved its
earnings situation in the past financial year. Both business segments
increased annual net sales and achieved good results. Strong demand in all
of Mikron's key markets, above-average growth in the Automation division,
sales growth in the Machining division, and the Tool division's good
positioning were the key factors behind this performance. The Group's net
sales rose from CHF 309.4 million to CHF 370.2 million (+19.7%). At CHF
412.1 million, order intake surpassed the previous year's record figure of
CHF 408.0 million (+1.0%). The Group's EBIT for 2023 amounts to CHF 35.3
million (2022: CHF 26.4 million, +33.7%), and the profit for the year is CHF
28.8 million (2022: CHF 24.2 million, +19.0%).
All three divisions of the Mikron Group again performed well in the 2023
financial year and achieved some important development targets on their way
to realizing their growth and profitability ambitions on a sustainable
basis. They made good use of the strong demand from their key target markets
such as the pharmaceutical and medical technology industries, the
watchmaking sector, and the writing industry. The importance of the
combustion engine as a sales market for Mikron is now limited.
To counter rising inflation, all Mikron divisions regularly analyzed prices
and made the necessary adjustments. Thanks to proactive discussions with
suppliers and customers, the increases in raw material and energy prices did
not have a significant impact on the Mikron Group's profitability. Mikron
also succeeded in mitigating the impact of exchange rate fluctuations on
profitability. The fact that the restrictions on global supply chains eased
significantly from the second half of 2023 also had a positive impact on
Group's net sales and profitability.
Order intake and net sales
The Mikron Group reported order intake of CHF 412.1 million in 2023,
representing another increase of 1.0% compared with the prior year (CHF
408.0 million). Posting annual net sales of CHF 370.2 million, the Mikron
Group exceeded the prior-year result of CHF 309.4 million by 19.7%. Europe
remains Mikron's most important market, with 59% (including Switzerland) of
total net sales in 2023 (2022: 49% including Switzerland). Accounting for a
share of 25%, North America remains in second place (previous year: 30%).
The strongest market segment remains the pharmaceutical and medical
technology sectors at 57% (previous year: 55%). The automotive industry
contributed 7% (prior year: 12%) to total net sales.
Order backlog and capacity utilization
At CHF 304.3 million, the Mikron Group reported a high order backlog at the
end of 2023, up 12.4% on the prior-year figure (end of 2022: CHF 270.7
million). Capacity utilization was high in all three divisions throughout
the year.
Profitability
In the 2023 financial year, the Mikron Group again improved its EBIT and
profit figures. Compared with the previous year, Mikron increased its EBIT
from CHF 26.4 million to CHF 35.3 million (+33.7%). It includes a one-off
positive effect of CHF 2.2 million resulting from the sale of a
non-operating property in Nidau (Switzerland). The Group thus achieved an
EBIT margin of 9.5% for 2023 (2022: 8.5%). The profit increased from CHF
24.2 million to CHF 28.8 million (+19.0%). Profit per share for 2023 came to
CHF 1.73 (prior year: CHF 1.47). The Mikron Group's return on net assets
(RONA) for the 2023 financial year is an impressive 23.8%.
Distribution to shareholders
At the General Meeting on April 23, 2024, the Board of Directors of the
Mikron Group will propose a distribution to the shareholders of CHF 0.50 per
share (previous year: CHF 0.40).
Outlook
The Mikron Group's progress is in line with the Group's medium-term planning
and strategy. Mikron started the 2024 financial year in a good position with
a sound cost structure, a solid order backlog in both business segments, and
an intact demand trend in all key sales markets. However, it remains
difficult to provide a forecast for fiscal 2024. The global economic
situation remains unstable, particularly as the world is currently
characterized by polarizing narratives, global conflicts, and armed clashes.
The Mikron Group is expecting overall sales to remain stable in 2024 and a
similar operating result margin to 2023.
Brief profile of the Mikron Group
The Mikron Group develops, produces and markets very precise, productive and
adaptable automation solutions, machining systems and cutting tools. Rooted
in the Swiss culture of innovation, Mikron is a global partner to companies
in the pharmaceutical, medtech, consumer goods, automotive, and general
engineering industries. The Mikron Group enables its customers to increase
quality and industrial productivity. The Group has over 100 years of
experience, state-of-the-art technologies, and a global service. The two
business segments Mikron Automation and Mikron Machining Solutions are based
in Switzerland (Boudry and Agno). Additional production sites are located in
the USA, Germany, Singapore, China and Lithuania. Mikron Holding AG shares
are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total
workforce of around 1,550.
Publication of annual results for 2023
The annual results will be published at the same time as this ad hoc
announcement in the form of the 2023 Annual Report:
www.mikron.com/financial-reports . Online report, see:
https://report.mikron.com.
Download ad hoc announcement pursuant to Art. 53 LR:
www.mikron.com/news
Key figures for the Mikron Group
2023 2022 +/-
CHF million1)
Order intake 2) 412.1 408.0 1.0%
- Machining Solutions 136.1 169.0 -19.5%
- Automation 276.1 239.0 15.5%
Net sales 370.2 309.4 19.7%
- Machining Solutions 139.1 125.7 10.7%
- Automation 231.2 183.8 25.8%
Order backlog 2)3) 304.3 270.7 12.4%
- Machining Solutions 99.1 101.8 -2.7%
- Automation 205.1 168.8 21.5%
Number of employees 2)3) 1,548 1,414 9.5%
- Machining Solutions 561 558 0.5%
- Automation 961 832 15.5%
EBIT 2) 35.3 26.4 33.7%
- Machining Solutions 11.8 9.3 26.9%
- Automation 22.0 17.5 25.7%
Operating result 33.4 25.8 29.5%
Profit for the year 28.8 24.2 19.0%
Cash flow from operating activities 10.5 27.6 -62.0%
Balance sheet total 3) 374.2 345.9 8.2%
Equity ratio 2)3) 54.5% 53.8% 0.7%
1) Except number of employees and %
2) Alternative performance measure, see 2023 Annual Report, pages 148 to
150, or www.mikron.com/apm
3) End of year
Contact
Mikron Switzerland AG, Dr. Javier Perez Freije, CFO Mikron GroupPhone +41 91
610 62 09, ir.mma@mikron.com Investor Relations CalendarMarch 8, 2024, 10.30
a.m. Media and analysts conference
April 23, 2024, 04.00 p.m. Annual General Meeting 2024
July 19, 2024, 07.00 a.m. Ad hoc announcement pursuant to Art. 53 LR,
semiannual results 2024 Except for the historical information contained
herein, the statements in this ad hoc announcement are forward-looking
statements that involve risks and uncertainties. Mikron® is a trademark of
Mikron Holding AG, Biel (Switzerland).
Mikron Holding AG | Mühlebrücke 2 | 2502 Biel | Schweiz | T+41 32 321 72 00
| F +41 32 321 72 01 | www.mikron.com
Abbestellen
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End of Inside Information
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1854175 08-March-2024 CET/CEST
