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2016-02-04

Mycronic AB: Fourth quarter and full year 2015

Fourth quarter October-December 2015

· Order intake was SEK 838 (618) million
· Net sales were SEK 621 (656) million
· EBIT was SEK 251 (231) million
· Earnings per share were SEK 1.99 (2.37)

Full year January-December 2015

· Order intake was SEK 2,179 (2,028) million
· Net sales were SEK 1,815 (1,475) million
· EBIT was SEK 540 (277) million
· Earnings per share were SEK 4.52 (2.72)

Dividend
The Board proposes an ordinary dividend of SEK 1.50 (0.80) per share
and an extraordinary dividend of SEK 2.50 (3.20) per share. The total
dividends of SEK 4 (4) per share amount to SEK 391.7 (391.7) million.

Outlook
The Board's assessment is that sales in 2016 will be at the level SEK
1,900 million.

2015 - stable performance
"Strong fourth quarter is the culmination of a year of stable growth,
a year to be proud of. Never have system or aftermarket sales been
higher. Growth was 23 percent. The results demonstrate that the
product development strategy is correct. This is especially
gratifying during a year when the global market for SMT equipment has
experienced a decline. The operating margin reached 40 percent in the
fourth quarter and 30 percent for the whole year. And we moved into
2016 with an order backlog exceeding SEK 1 billion. At the same time,
through investments in product development, we have taken steps to
reach our established goals for growth and profitability in the
coming years," says Lena Olving, CEO and President of Mycronic AB.

Mycronic's launches of innovative production solutions for effective
electronics production have led to an increase in demand within both
of Mycronic's business areas, which has strengthened the company's
market and financial positions. During the fourth quarter, the latest
new equipment for dispensing several types of fluids was introduced.
Mycronic's Jet Dispenser, which builds on the jet printing platform,
is significantly faster than existing dispensing solutions and
targets new segments on the SMT market. By broadening the product
offering to other segments, opportunities are created for a position
shift, which is in line with the company's strategy for growth.

During 2015, Mycronic received orders for a total of nine mask writers
for different applications. Demand for the most high resolution
mobile displays is on the rise, which increases photomask complexity.
Mycronic's most advanced mask writer, the Prexision-80 (P-80), is
indispensable for this manufacturing. During 2015, the company
delivered a P-80 and received an order for an additional system.

The company's replacement offering for customers with older mask
writers for display manufacturing was also positively received, with
three orders in 2015.

"Besides maintaining and developing our existing offering, we have
started an initiative to make the technology leap necessary to
develop products for new and future needs within SMT. By
collaborating with a high tech engineering company in Asia, we
complement our unique competence with specific technological and
market competence for new customer requirements," says Lena Olving.

Contacts at Mycronic:
Lena Olving
President and CEO
+46 8 - 638 52 00
lena.olving@mycronic.com

Per Ekstedt
CFO
+46 8 - 638 52 00
per.ekstedt@mycronic.com

About Mycronic
Mycronic AB is a high-tech Swedish company engaged in developing,
manufacturing and marketing of production solutions to the
electronics industry. Mycronic headquarters are located in Täby,
north of Stockholm and the Group has subsidiaries in China, France,
Germany, Japan, Singapore, South Korea, Taiwan, the Netherlands,
United Kingdom and the US. For more information, see the company
website www.mycronic.com.

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.
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http://news.cision.com/mycronic-ab/r/fourth-quarter-and-full-year-2015,c...
http://mb.cision.com/Main/10432/9907162/472516.pdf

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