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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Mycronic AB (publ)    MYCR   SE0000375115

MYCRONIC AB (PUBL)

(MYCR)
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Mycronic : receives order for a SLX and a Prexision Lite 8 Evo mask writer

11/19/2020 | 02:01am EST

Mycronic has received an order from a customer in Asia for an SLX and a Prexision Lite 8 Evo mask writer, which will replace one of the customer's older systems. The order has a total value of between USD 12-14 million. Delivery of the SLX system is scheduled for the second quarter of 2021, while delivery of the Prexision Lite 8 Evo system is scheduled for the third quarter of the same year.

The SLX laser mask writer was launched in October 2019 to meet rising demand for photomasks for the semiconductor industry, which is driven by long-term trends, and to meet the future need for replacement and modernization. The SLX mask writer is based on the new Evo control platform, which is shared by all of Mycronic's new mask writers.

Prexision Lite 8 Evo, which was launched in 2019, is designed to meet demands for cost-effective photomask production of less advanced displays up to G8 mask size. The order for the Prexision Lite 8 Evo mask writer is to replace one of the customer's older systems.

"It is gratifying that we are continuing to broaden cooperation with our existing customers. The combined order of a Prexision Lite 8 Evo, to replace an older system, and a SLX mask writer reaffirmed that our new products fulfill customer needs and that our product roadmap is in line with the needs of the display  and semiconductor industry," says Charlott Samuelsson, Sr VP Pattern Generators at Mycronic. 

For additional information, please contact:
Charlott Samuelsson
Sr VP Pattern Generators
Tel: +46 709 844 282, e-mail: charlott.samuelsson@mycronic.com

Tobias Bülow
Director Investor Relations
Tel: +46 734 018 216, e-mail: tobias.bulow@mycronic.com

Cathrin Wisén
Director Corporate Communications
Tel: +46 721 663 469, e-mail: cathrin.wisen@mycronic.com

The information in this press release was published on November 19, 2020, at 08:00 a.m.
 

About Mycronic
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic's headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in France, Japan, China, the Netherlands, Singapore, the United Kingdom, South Korea, Germany and the USA. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com 

https://news.cision.com/mycronic-ab/r/mycronic-receives-order-for-a-slx-and-a-prexision-lite-8-evo-mask-writer,c3239426

https://mb.cision.com/Main/10432/3239426/1336781.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Sales 2020 3 937 M 469 M 469 M
Net income 2020 692 M 82,5 M 82,5 M
Net cash 2020 937 M 112 M 112 M
P/E ratio 2020 35,4x
Yield 2020 1,13%
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EV / Sales 2020 5,97x
EV / Sales 2021 5,23x
Nbr of Employees 1 505
Free-Float 72,2%
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Average target price 201,00 SEK
Last Close Price 250,00 SEK
Spread / Highest target -10,0%
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Per Anders Lindqvist President & Chief Executive Officer
Patrik Tigerschiöld Chairman
Lena Båvegård Senior Vice President-Operations
August Torbjörn Gunnar Wingardh Chief Financial Officer
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