Biel, Switzerland: A manufacturer of automation and machining systems, Mikron Group, saw its order intake for the first half of 2017 at CHF 114.2 million (US$117.9 million), which was lesser than the previous year’s order intake during the same period.
Due to backorders in the second quarter of this year, the company’s machining division reported a seven percent rise in order intake. The company’s order intake for the first half of this year was higher compared to the corresponding period in 2016.
The automation segment reported a 21 percent decrease in order intake in the first half of this year compared to same period last year. The company predicts that its order intake will improve in the second half of 2017 due to the improving global economy.
The company’s two business divisions—automation as well as machining—saw a decrease of 11 percent US$62.7 million (first half of 2016—US$70.2 million) in the automation division and a decrease of two percent to US$59.7 million (first half of 2016—US$61.1 million) in the machining division.
Overall, the company is expecting an increase in sales in the second half of 2017 to match the previous year’s figure by the end of this year. The company expects a slight year-on-year increase in EBIT in the 2017 annual results due to its measures to reduce costs and improve efficiency.