Mycronic
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Mycronic - overview
Established
1970
Location
Stockholm, -, Sweden
Primary Industry
Electronics
About
Mycronic is a Swedish company specializing in precision production equipment for the electronics manufacturing sector, focusing on enhancing operational efficiency and accuracy. Founded in 1970, Mycronic is based in Stockholm, Sweden, and develops advanced solutions for the electronics manufacturing industry. The company has not undergone significant changes in its business strategy or operations since its inception. It operates independently without any known subsidiaries or parent companies.
Founded by a team of industry experts, Mycronic has consistently focused on innovation in production equipment and technologies. Mycronic specializes in high precision production equipment tailored for the electronics manufacturing industry. Their core offerings include advanced solutions for PCB (Printed Circuit Board) assembly, stencil printing, component placement, automated optical inspection, and solder paste inspection. Each product is designed to enhance operational efficiency, flexibility, and accuracy in electronics production, catering to the evolving demands of clients across various sectors.
The company serves a diverse client base, including manufacturers of consumer electronics, automotive components, and industrial devices, with significant markets in North America, Europe, and parts of Asia. Mycronic's innovative technologies, such as the MYPro series for component placement and the MY700 series for jet printing, are integral in supporting the production of electronic devices. In the most recent year, 2022, Mycronic reported a revenue of USD 507. 77 mn and an EBITDA of USD 113.
77 mn. The company generates revenue through the sale of its production equipment and associated services, leveraging a B2B transaction structure. Mycronic engages with clients through direct sales, often accompanied by support services such as installation, training, and ongoing maintenance. Their transaction model is built on long-term partnerships with manufacturers, providing tailored solutions designed to meet specific production needs.
Mycronic plans to further develop its MYPro series, with enhancements aimed at increasing production capabilities and efficiency, expected to launch in late 2023. The company is also targeting expansion into Asian markets, particularly in countries like Japan and South Korea, by 2024. Recent funding will be utilized to bolster research and development efforts for new products and to establish a stronger presence in these regions.
Primary Industry
Electronics
Sub Industries
Electronics
Website
http://www.mycronic.com/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Mycronic - timeline of key events
Mycronic - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,197,580,000 | 1,353,927,000 | 996,988,000 | 1,475,004,000 | 1,814,960,000 | 2,319,254,000 | 3,001,159,000 | 3,780,586,000 | 4,307,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 13.1% | (26.4%) | 47.9% | 23.0% | 27.8% | 29.4% | 26.0% | 13.9% | - | - | - |
| EBITDA (USD) | 13,088,000 | 94,779,000 | 60,001,000 | 300,888,000 | 565,489,000 | 723,680,000 | 922,701,000 | 1,093,891,000 | 1,306,000,000 | - | - | - |
| Operating Income (USD) | (65,717,000) | (21,372,000) | 32,271,000 | 276,505,000 | 540,261,000 | 691,040,000 | 847,964,000 | 1,020,003,000 | 1,124,000,000 | - | - | - |
| Operating Margin | (5.5%) | (1.6%) | 3.2% | 18.7% | 29.8% | 29.8% | 28.3% | 27.0% | 26.1% | - | - | - |
| % EBITDA Margin | 1.1% | 7.0% | 6.0% | 20.4% | 31.2% | 31.2% | 30.7% | 28.9% | 30.3% | - | - | - |
| NET Income (USD) | (88,830,000) | 43,972,000 | 13,745,000 | 266,245,000 | 442,475,000 | 526,303,000 | 626,260,000 | 792,477,000 | 859,000,000 | - | - | - |
| % Net Margin | (7.4%) | 3.2% | 1.4% | 18.1% | 24.4% | 22.7% | 20.9% | 21.0% | 19.9% | - | - | - |
Mycronic - employee data
Mycronic - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM | ||||||
| Chairman of the Board | BM | ||||||
| Board member | BM |
BM Board Member
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