Mycronic AB (publ) (MYCR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the presentation of Micronic's Q1 report. My name is Svend Tjetkovich, I'm the Director of Investor Relations at Micronic and with me I have CEO Anders Lindqvist and CFO Pierre Brusson, who will be presenting today. With that, I hand over to Anders. Please go ahead and present Micronix Q1 report. Thank you, Sven, and welcome everyone to this call. So today we will of course talk about the report, Q1 in short. We will go deeper in the different divisions. Pierre will talk about the financials, a few words on sustainability, and then we end the session with the Q&A part. And as always, there is an appendix in the presentation that we will not present, which is containing data from independent sources on the market. So starting with the quarter. So we had a very good start, a good start of the year. And comparing to the same quarter last year, and the same quarter last year was also a good quarter. So it makes the figures even nicer, I would say. So we had a good increase in order intake with 25%. Up to a little bit more than 2 billion. And we had a record in sales increasing 27% over the same quarter last year up to 2.14 billion Swedish, which is very high and good. We also recorded a very strong EBIT, the highest ever in a quarter with $775 million and corresponding to a margin of 36%. Also, backlog has continued to be strong at $4.6 billion. And we also made two acquisitions this year. One within the quarter, which is H-Probe, which is a company that has developed a unique technology for high-speed testing of what's called MRAM, magnetic memories, and also magnetic sensors, based in France. And this will be integrated in the global technologies division. as a new business line. And after the quarter, we also made another acquisition with Global T...