financial goals
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.
To be the most trusted partner to the creators of tomorrow’s electronics.
Bring tomorrow's electronics to life.
Mycronic's vision and purpose are expressed in English as this is the Group's corporate language.
