Mikron Holding AG / CH0003390066
19.07.2024 - 07:00:22Mikron Group reports a continued strong performance
| Mikron Holding AG / Key word(s): Half Year Results 19-Jul-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. Boudry, July 19, 2024, 7.00 a.m. – In the first half of 2024, the Mikron Group’s strong performance continued. Group net sales increased to CHF 190.7 million (+7.0%) in the first half of 2024 (first half of 2023: CHF 178.3 million), operating profit amounted to CHF 14.9 million (first half of 2023: CHF 14.6 million, +2.1%), and the operating profit margin was 7.8% of net sales (first half of 2023: 8.2%). The sales growth was driven by continued strong demand in Europe for automation solutions. At CHF 220.9 million, the Mikron Group’s order intake for the first half of 2024 was 11.2% below the high level of the first half of 2023 (CHF 248.7 million). At CHF 340.0 million, however, the order backlog at the end of June 2024 was 0.7% higher than at the end of June 2023. The Mikron Group’s net sales increased by 7.0% in the first half of 2024: from CHF 178.3 million in the first half of 2023 to CHF 190.7 million. While the Automation business segment further increased its net sales in Europe, the demand in the USA has temporarily cooled somewhat. Machining Solutions’ net sales increased by 1.5% – a good result given the challenging market conditions, particularly in Germany. With a 62% share of net sales, Europe (including Switzerland) remained the Mikron Group’s principal sales market in the first half of 2024. Mikron increased net sales in Europe by 20.6% compared with the first half of 2023, and in Asia by 21.8%. In North America net sales declined by 24.2%. Profitability Operating profit amounted to CHF 14.9 million in the first half of 2024 (first half of 2023: CHF 14.6 million, +2.1%). This corresponds to an operating profit margin of 7.8% for the first half of 2024 (8.2% for the first half of 2023). The slight decline in the margin is due to the temporary weakness of the US markets and investments in strategic growth projects such as the digitalization of the product range. At CHF 14.6 million, net profit for the first half of 2024 is 5.0% higher than the 2023 half-year result (CHF 13.9 million). The 2023 half year net profit included a one-time positive effect of CHF 2.1 million, resulting from the sale of a non-operating property in Nidau (Switzerland). Cash flow Free cash flow amounted to CHF 17.2 million in the first half of 2024 (first half of 2023: CHF 27.4 million). The fluctuation of free cash flow is mainly due to the timing of customer prepayments. Outlook Forecasts for the second half of the year remain difficult due to the unpredictability of the global economy. Despite challenging market conditions particularly in Machining Solutions, Mikron expects a full year result in the range of the previous year. Key Figures for the Mikron Group in the first half year 2024
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, Lithuania, and Italy. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,580. Download ad hoc announcement pursuant to Art. 53 LR: www.mikron.com/news Contact Mikron Switzerland AG, Philippe Wirth, CFO Mikron Group Phone +41 91 610 63 54, ir.mma@mikron.com Investor Relations Calendar March 7, 2025, 07.00 a.m., Publication of the 2024 Annual Report March 7, 2025, 10.00 a.m., Media and analysts conference April 16, 2025, 04.00 p.m., Annual General Meeting 2025 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, Boudry (Switzerland). Mikron Holding AG | Route du Vignoble 17 | 2017 Boudry | Switzerland | T+41 32 321 72 00 | F +41 32 321 72 01 | www.mikron.com Abbestellen End of Inside Information |
