Mycronic presents new financial and sustainability targets

Mycronic AB (publ) presents new financial targets for the period until 2027-2030. The sustainability target is presented alongside the financial targets.

Mycronic’s new financial and sustainability targets for the period until 2027-2030 are the following:

• Mycronic will reach net sales of SEK 10 billion.
• EBIT will exceed SEK 2 billion.
• Mycronic will reduce own CO2 emissions by 50 percent.

The new targets will be presented today at Mycronic’s Capital Markets Day at the company’s head office in Täby. The Capital Markets Day will be streamed live and can be followed via: https://youtu.be/Fno6pkysCUA

“After having successfully reached our previous financial targets, we have now set new ambitious growth and profitability targets. In addition, we present the sustainability target alongside the financial targets. We will double net sales and EBIT and in parallel halve our own CO2 emissions. The Group’s EBIT margin shall be above 20 percent, the individual divisions’ EBIT margin shall be above 10 percent and we will commit to setting Science Based Targets”, says Anders Lindqvist, Mycronic’s President and CEO.

For additional information, please contact:

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19
E-mail: sven.chetkovich@mycronic.com

The information in this press release was published on September 5, 2022, at 8:00 a.m. CEST.

About Mycronic
Mycronic 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 China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom, United States and Vietnam. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com