- Nachrichtendetail
-
08.03.2024 07:00:05 - 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
2023 2022 +/-
CHF million^1)
===
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 Group Phone +41 91 610 62 09, ir.mma@mikron.com Investor Relations Calendar March 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
-----------------------------------------------------------------------------------------------------------------------
End of Inside Information
-----------------------------------------------------------------------------------------------------------------------
1854175 08-March-2024 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1854175&application_name=news
END) Dow Jones Newswires
March 08, 2024 01:00 ET (06:00 GMT)
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 million^1)
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 Group Phone +41 91 610 62 09, ir.mma@mikron.com Investor Relations Calendar March 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
-----------------------------------------------------------------------------------------------------------------------
End of Inside Information
-----------------------------------------------------------------------------------------------------------------------
1854175 08-March-2024 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1854175&application_name=news
END) Dow Jones Newswires
March 08, 2024 01:00 ET (06:00 GMT)
