All Mikron Group's financial key figures considerably better than in the previous year

Order intake and net sales

The Mikron Group reported order intake of CHF 305.7 million in 2021, representing an increase of 14.4% compared with the prior year (CHF 267.3 million). Posting annual net sales of CHF 289.5 million, the Mikron Group exceeded the prior-year's result of CHF 257.8 million by 12.3%. Europe remains Mikron's most important market, with approximately 50% of total net sales in 2021 (2020: 46%). Making up a share of 33%, North America remains in second place (previous year: 37%). The strongest market segment is by far the pharmaceutical and medtech sector at 56% (prior year: 56%). The automotive industry contributed 11% (prior year: 14%) to total net sales.

Order backlog and capacity utilization

At CHF 176.7 million, the Mikron Group's order backlog at the end of 2021 was 9.3% higher than the prior-year figure. Capacity utilization in the Mikron Automation segment and in the Mikron Tool division was high during the whole year. In the Mikron Machining division, on the other hand, low demand in the first half of the year led to some spare capacity, which was managed with adjusted working hours. In the final months of the year under review, Mikron Machining's capacities were subsequently also well-utilized.

Profitability

In the 2021 financial year, the Mikron Group succeeded in significantly improving its EBIT and profit. Compared with the previous year, Mikron increased its EBIT from CHF -4.7 million (before restructuring costs) to CHF 17.6 million and turned its yearly loss of CHF -22.1 million into a profit of CHF 17.0 million. The Group thus achieved an EBIT margin for 2021 of 6.1%. Profit per share for the year 2021 came to CHF 1.04 (prior year: loss of CHF -1.35).

Distribution to shareholders

At the General Meeting on 27 April 2022, the Board of Directors of the Mikron Group will propose a distribution to the shareholders of CHF 0.24 per share.

Outlook

Compared to the beginning of 2021, the Mikron Group is entering the 2022 financial year in a much stronger position, with an improved cost structure, a solid order backlog in both business segments and a good demand trend in all key sales markets. Mikron is aiming for a further profitability improvement in the current year. A forecast for fiscal year 2022 remains difficult. This is due on the one hand to the unpredictable development in connection with the Corona pandemic and the war in the Ukraine and on the other hand to the uncertain availability of raw materials and supplier parts.

Brief profile of the Mikron Group

The Mikron Group develops, produces and markets highly 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 automotive, pharmaceutical, medtech, consumer goods, writing instruments and watchmaking 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, in Germany, Singapore, China and Lithuania. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,300.

Publication of annual results for 2021

The annual results will be published at the same time as this ad hoc announcement in the form of the 2021 Annual Report: www.mikron.com/reports. Online report see: https://report.mikron.com.

Download ad hoc announcement pursuant to Art. 53 LR:

www.mikron.com/news

Ad hoc announcement (pdf)

Key figures for the Mikron Group

¹⁾  except number of employees and %
²⁾  Alternative performance measure, see Annual Report 2021, pages 102 to 104, or www.mikron.com/apm