Mikron Group Reports Continued Strong Performance

In the first half of 2024, Mikron Group demonstrated a robust performance with group net sales rising by 7.0% to CHF 190.7 million, compared to CHF 178.3 million in the same period of 2023. Operating profit climbed to CHF 14.9 million, an increase of 2.1%. The operating profit margin was slightly lower at 7.8%, compared to 8.2% in the previous year, due to temporary weaknesses in the US market and investments in strategic growth projects.

Order intake for the first half of 2024 stood at CHF 220.9 million, down 11.2% from 2023, while the order backlog at the end of June 2024 was CHF 340.0 million, a small increase of 0.7%. The Automation segment saw a significant increase in European sales, compensating for a decline in North America. Machining Solutions also posted a modest sales increase despite challenging conditions, especially in Germany.

Net profit for the first half of 2024 rose to CHF 14.6 million, up 5.0% from CHF 13.9 million in 2023, which included a one-time gain from the sale of a non-operating property. Free cash flow decreased to CHF 17.2 million, largely due to the timing of customer prepayments.

Looking ahead, Mikron expects to achieve results similar to the previous year despite the unpredictable global economy and challenging market conditions in Machining Solutions.