Mycronic shares gain as Q2 sales rise 35%, outlook raised to SEK 7.5 bln

Investing.com -- Mycronic (ST:MYCR) shares rose more than 4% on Friday after the company reported a 35% increase in second-quarter net sales and raised its full-year revenue forecast to SEK 7.5 billion.

Net sales for the quarter reached SEK 2.07 billion, up from SEK 1.53 billion a year earlier, according to the company’s interim report for January–June 2025. 

EBIT rose to SEK 568 million from SEK 348 million, with the EBIT margin improving to 27% from 23%. Earnings per share increased to SEK 2.28 from SEK 1.47.

Order intake fell 37% to SEK 1,330 million, driven by a decline in the Pattern Generators division, which received no new system orders during the quarter. 

The total order backlog at the end of June was SEK 4.07 billion, compared with SEK 4.70 billion in the same period last year.

For the first half of 2025, net sales rose 31% to SEK 4.21 billion. EBIT increased to SEK 1.34 billion from SEK 947 million, and earnings per share were SEK 5.46, up from SEK 3.97.

Pattern Generators contributed SEK 974 million in sales during the second quarter, up 50% from SEK 650 million. 

EBIT rose to SEK 537 million from SEK 342 million. Order intake declined 84% to SEK 191 million, limited to aftermarket services. 

Deliveries included one Prexision 80 Evo, one Prexision Lite 8 Evo, one Prexision MMS, and five SLX systems.

PCB Assembly Solutions reported a 7% drop in sales to SEK 328 million and EBIT of SEK 14 million, compared with SEK 18 million a year earlier. 

Order intake fell 2% to SEK 356 million. The company noted a modest recovery in Europe and tariff-related uncertainty in the U.S.

High Volume posted a 39% increase in net sales to SEK 443 million. EBIT rose to SEK 74 million from SEK 45 million. 

Order intake grew 7% to SEK 383 million. The company said demand in China remained strong.

Global Technologies recorded a 59% increase in sales to SEK 323 million and EBIT of SEK 11 million, compared with a loss of SEK 15 million. 

Order intake rose 95% to SEK 402 million. The division completed acquisitions of RoBAT in the U.K. and Surfx Technologies in the U.S., adding a new business line, Applied Plasma. Global Technologies now consists of five business lines.

Cash flow from operating activities for the first half totaled SEK 668 million, down from SEK 1.12 billion. 

Total (EPA:TTEF) cash flow was negative SEK 1.11 billion, primarily due to higher inventory and reduced advance payments. 

Cash and cash equivalents were SEK 1.80 billion at the end of the quarter, compared with SEK 2.54 billion a year earlier.

After the reporting period, Mycronic announced an agreement to acquire South Korea-based Cowin DST. Closing is pending regulatory approval.