Edition:
India

Mycronic Q3 operating profit jumps, keeps 2018 sales forecast


Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Mycronic AB (publ) ::Q3 ORDER INTAKE WAS SEK 813 (1,874) MILLION.Q3 NET SALES INCREASED 123 PERCENT TO SEK 1,096 (491) MILLION.Q3 EBIT WAS SEK 436 (66) MILLION, AN INCREASE OF 560 PERCENT.Q3 EBIT MARGIN WAS 40 (13) PERCENT.Q3 UNDERLYING EBIT WAS SEK 409 (75) MILLION, AN INCREASE OF 444 PERCENT.SAYS BOARD'S ASSESSMENT REMAINS THAT CONSOLIDATED NET SALES FOR 2018 WILL BE AT A LEVEL OF SEK 3,500 MILLION.SAYS THIS EXCLUDES ACQUISITIONS ALREADY MADE IN 2018 AS WELL AS POSSIBLE ADDITIONAL ACQUISITIONS DURING REMAINDER OF 2018.SAYS WE HAVE A PLANNED SHIPMENT OF A PREXISION-10 TO A CUSTOMER IN ASIA IN Q4, WHERE CHANGES INITIATED BY CUSTOMER TO DELIVERY CONDITIONS ENTAIL A POSTPONEMENT OF REVENUE RECOGNITION TO EARLY 2019, RATHER THAN BEFORE YEAR-END 2018. 

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