2008-01-29 Manufacturing News

Web www.jobwerx.com jobwerx.tradepub.com

Mikron Machining and Assembly Technology divisions improve earnings

The Mikron Group, a specialist in the production of machining and assembly systems, continues to grow with orders and sales exceeding expectations.

The Mikron* Group posted an order intake of CHF 312.5 million in the 2007 financial year and recorded net sales of CHF 265.3 million. Both figures were up on the previous year, with the order intake exceeding expectations by a wide margin (+36.6%). Net sales increased by a good 8.5%. Operating profit (EBIT) and net earnings will once again improve compared with the previous year. The Mikron Group, specialists in the production of machining and assembly systems, is starting the new financial year confidently and with a very good backlog of orders.

Order intake was up significantly on the previous year (+36.6%) and exceeded expectations. A large proportion of the orders was received in the first half of the year and the previous year's total volume was already reached after nine months. By the end of the year, the volume of orders surpassed all previous figures thanks to a strong willingness to invest on the part of customers.

The Machining Technology division (+24.2%) reported an increase in orders for machines as well as for cutting tools. The majority came from companies supplying the automotive industry, where the constant further development of modern fuel injection systems is an important driver of the division's business. The Assembly Technology division (+51.4%) posted a record order intake in 2007, far exceeding 2006, which had already been a good year. While the first quarter was characterized by orders expected to generate lower revenues, the order mix during the months that followed included a good number of repeat orders. The usual healthy order intake from the Medical/Personal Care market segment was joined by a large number of orders from the electrical industry.

Sales also increased compared with the previous year (+8.5%), exceeding expectations. Both divisions contributed to the increase. As a consequence of the cumulative order intake by midyear, additional resources were made available on a selective basis to cope with the high level of capacity utilization. Because orders take several months to process, some will not be reflected in net sales until 2008.

Both operating profit (EBIT) and net earnings will continue to improve compared with the previous year.

Both divisions began the new financial year with a positive outlook and a gratifying level of orders on their books. For 2008, the Mikron Group expects the operating environment to remain positive, although customers are likely to become less willing to invest. The company is aiming for further growth with higher sales than the previous year and a significant improvement in operating profit (EBIT).

Press release information provided by Patrick Brisset, Coordinator Corporate Communications, Mikron Holding AG.

* Mikron is a trademark of Mikron Holding AG, Biel (Switzerland).

See all the Press Releases from Mikron sites - Click Here

Click here for the best discounts on household, office and industrial products from Global Equipment. All featured items contain great instant rebates.

Read a recent article about -

. JV develops high-strength automotive steel
ThyssenKrupp Steel and the second-biggest steel producer in Japan, JFE Steel Corporation have jointly developed a new multiphase steel for automotive applications.

Got a Cool Job in Machining?- Get the word out today! Our Dedicated Portal Helps U- $ave

American Management Online Certification Programs

Certificate In Manufacturing Management Choose 5 or 6 courses for a total of 10 CEU's The courses listed can be used towards completion of this certificate. Courses may be applied toward one certificate only. Please note that some courses may be required. Get Started Today!

Certification Program Series- Click Here

Protect your network from hackers, malware, and other malicious attacks.
The most effective anti-spyware protection!
Buy #1 AdAware Plus Now!

Click here to view additional industry news.

E-mail this page to a friend

- Tool Shop of the Year 2007

- Small Quantity Specailist - Order Online - Plastics, Metals, Tool Steel and ...

- Changing Jobs? View a Wide Range of Real Estate Nationwide

. Online video-based training for job interview skills.

- Updated AdAware Release - #1 Anti-Spyware Protection - Buy it Now!

- Cucusoft Ultimate DVD Converter

- Golf Equipment Manufacturer -Buy Direct U-$ave Big!

- Start Today - Create on line tests, quizzes, assessments and exams in minutes

All Rights Reserved. For permission to reproduce any contents of this web site, please contact our Syndication department: Log onto HELP