Overview

• Swedish electronics manufacturer's Q4 net sales beat analyst expectations

• Order intake for Q4 declined 19% yr/yr

• Company proposes dividend increase to SEK 3.25 per share for 2026

Outlook

• Mycronic expects 2026 net sales to reach SEK 8.25 bln

• Company sees positive AI impact on semiconductor photomask market

• PCB Assembly Solutions faces weak European market, stable US, positive Asia

Result Drivers

• PATTERN GENERATORS - Positive development in semiconductor photomask market driven by AI applications

• GLOBAL TECHNOLOGIES - Strong demand from AI segment led to high investments from PCB manufacturers

• PCB ASSEMBLY SOLUTIONS - Weak European market but positive development in Asia, strong interest in new product launch

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for Mycronic AB (publ) is SEK240.00, about 14.9% above its February 4 closing price of SEK208.85

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nMFN5052rB

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)