The long-term goal of achieving net sales of SEK 5 billion no later than 2023 still holds ﬁrm. The net sales target will be reached through a combination of organic growth and acquisitions.
Net sales in 2020 were SEK 3,882 million.
EBIT will exceed 15 percent of net sales over a business cycle. The EBIT margin during 2020 was 23 percent.
Net debt will be less than 3 times average EBITDA (operating proﬁt before interest, tax, depreciation and amortization). The average is calculated over three years. At year-end 2020 net cash was SEK 1,039 million.
The possibility to take on debt allows the Group to expand further to achieve long-term growth and proﬁtability goals.
Vision - our target
To be the most trusted partner to the creators of tomorrow’s electronics.
Purpose - our motivation
Bring tomorrow's electronics to life.
Mycronic's vision and purpose are expressed in English as this is the Group's corporate language.