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Mikron expects an operating loss for the first half of 2020

Source:Ringier Metalworking

Date Published:7/10/2020 10:07:27 AM

Due to the dramatic slump in demand from the automotive industry, exacerbated by the corona pandemic, Mikron expects the EBIT margin (before restructuring costs) to fall to around -5% in the first half of 2020 (first half of 2019: +4.8%).
As announced in the press release of May 20, 2020, the half-year result will be additionally affected by restructuring costs and the sale of the units in Berlin and Kaunas (Lithuania) by around CHF 15 million.
 
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 (with the Mikron Machining and Mikron Tool divisions) are based in Switzerland (Boudry and Agno). Additional production sites are located in the USA, in Germany, Singapore and China. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,400.

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