DGAP-Adhoc: Mikron Holding AG: Mikron expects lower result for 2014
Mikron Holding AG / Key word(s): Quarter Results
24.10.2014 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR
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Media release
Mikron expects lower result for 2014
Biel, October 24, 2014, 7 a.m. - In the third quarter of 2014, the Mikron
Group felt the effects of the general reticence on the global capital goods
markets strongly in some areas. Capacity utilization in the Automation
business segment remains decent overall as the order backlog is still good.
However, a lack of new orders in the Machining business segment in recent
months has resulted in an unsatisfactory level of capacity utilization at
certain sites. Against this backdrop, for the 2014 financial year Mikron
now expects positive, but lower EBIT compared with 2013.
In the first nine months of 2014, the Mikron Group reported order intake of
CHF 194.2 million (first nine months of 2013: CHF 186.4 million) with sales
coming to CHF 177.2 million (first nine months of 2013: CHF 178.3 million).
Solid demand for assembly systems, especially in the US, contrasted with a
sharp decrease in order intake for large-scale projects of rotary transfer
machines. As a result, the available capacity was not sufficiently
utilized, particularly at the plant in Agno, Switzerland.
The uncertain development in the various sales markets will continue to
have a major impact on capacity utilization at the individual sites and the
Group's profitability. The Automation business segment is expected to
continue to perform well. Overall, the Group still anticipates a slight
rise in sales for the 2014 business year. Given the circumstances, however,
EBIT is expected to fall.
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Information and Explaination of the Issuer to this News:
Brief profile of the Mikron Group
The Mikron Group markets machining and automation solutions, enabling
customers around the world to master their precision manufacturing
processes. Rooted in a culture of Swiss innovation, Mikron is a leading
supplier to the automotive, medical devices, pharmaceutical, consumer
goods, writing instruments and watch-making industries. The two divisions,
Mikron Automation and Mikron Machining, are based in Boudry and Agno,
Switzerland, with additional production facilities in Germany, Singapore,
China and the United States. The Mikron Group employs approximately 1,100
people who work to provide Mikron customers with an experience that
reflects over 100 years of leadership in high-performance and
high-precision production. Mikron Holding AG is listed on SIX Swiss
Exchange (MIKN).
Contact
Mikron Management AG, Martin Blom, CFO Mikron Group
Phone +41 62 916 69 60, ir.mma@mikron.com
Download Media Release
www.mikron.com/news
Investor Relations Calendar of Events
22 January 2015, 7.00 a.m. - Media release: Preliminary volume figures for
2014
9 March 2015, 7.00 a.m. - Media release: Publication of the 2014 Annual
Report
9 March 2015, 10.00 a.m. - Media and analysts conference
16 April 2015, 4 p.m. - Annual General Meeting 2015
Except for the historical information contained herein, the statements in
this media release are forward-looking statements that involve risks and
uncertainties.
Mikron(R) is a trademark of Mikron Holding AG, Biel (Switzerland).
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