Q4 2025 Mycronic AB (publ) Earnings Call Transcript
Key Points
- Mycronic AB (FRA:MLT0) maintained a solid EBIT margin of 17% despite challenging market conditions.
- The Global Technologies division showed strong growth, with order intake up nearly 70% and sales up 41%, driven by AI-related applications.
- The company announced a dividend increase to SEK3.25 per share, reflecting confidence in its financial stability.
- Mycronic AB (FRA:MLT0) made a strategic acquisition of ETZ to strengthen its supply chain for the PCB test business line.
- Continued investment in R&D, particularly in the Pattern Generators division, positions the company for future growth with new product launches planned.
- Order intake declined by 19% compared to a strong quarter in 2024, primarily due to lower orders in the Pattern Generators division.
- Sales were flat year-over-year, with declines in three divisions: Pattern Generators, PCB Assembly Solutions, and High Volume.
- Currency fluctuations had a significant negative impact on financial results, with an 11% negative currency impact on sales.
- The PCB Assembly Solutions division faced a difficult market, particularly in Europe, with order intake down 7% and sales down 10%.
- The listing of Axon on the China Stock Exchange has been put on hold, affecting planned employee investment programs.
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Hello, and welcome to the presentation of Mycronic's Q4 report. My name is Sven Chetkovich. I'm the Director, Investor Relations at Mycronic. And with me today, I have Mycronic's CEO, Anders Lindqvist; and CFO, Pierre Brorsson, who will be presenting today.
And with that, I hand over to Anders. Please go ahead and present Mycronic's Q4 report.
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Thank you very much, Sven. And this is what we'll talk about today. No change from before. So about the quarter, of course, go deeper within the different divisions. Pierre will talk more about the financials, a few words on sustainability, and then we have a question-and-answer session at the end of the presentation. And as usual, there is a market update in the material that will be posted on our website, which we will not present, but it could be interesting reading.
So
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