Media release
Mikron decides to restructure Mikron Berlin under its own management
Biel, August 17, 2020, 7:00 a.m. - In the media release of July 2, 2020, Mikron announced the sale of the Mikron Berlin and Mikron Kaunas sites to Callista Private Equity, Munich. Both sites with a total of around 70 employees work exclusively for the automotive industry. Due to a different understanding of the implementation of the planned transaction, Mikron and Callista have mutually agreed to dispense with it. Mikron will restructure the Berlin site under its own management and continue to operate Kaunas.
As announced in the media release on the half-year results on 23 July 2020, the expected costs of the restructuring are fully included in the 2020 half-year results. This means that also under the new circumstances - the restructuring of Mikron Berlin under Mikron's own management - no restructuring costs will be charged to the second half of the year. Mikron continues to expect an EBIT loss for the second half of 2020 on a par with the first half (before restructuring costs).
Brief profile of the Mikron Group
The Mikron Group develops, produces and markets highly precise, productive and adaptable automation solutions, machining systems and cutting tools. Rooted in the Swiss culture of innovation, Mikron is a global partner to companies in the automotive, pharmaceutical, medtech, consumer goods, writing instruments and watchmaking industries. The Mikron Group enables its customers to increase quality and industrial productivity. The Group has over 100 years of experience, state-of-the-art technologies, and a global service. The two business segments Mikron Automation and Mikron Machining Solutions (with the Mikron Machining and Mikron Tool divisions) are based in Switzerland (Boudry and Agno). Additional production sites are located in the USA, in Germany, Singapore, China and Lithuania. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,300.
Contact
Mikron Management AG, Javier Perez Freije, CFO Mikron Group
Phone +41 91 610 62 09, ir.mma@mikron.com
Download Media Release
Investor Relations Calendar
January 27, 2021, 07.00 a.m. - Media release: Provisional closing figures for 2020
March 10, 2021, 07.00 a.m. - Media release: Publication of the 2020 Annual Report
March 10, 2021, 10.30 a.m. - Media and analysts conference
April 23, 2021, 04.00 p.m. - Annual General Meeting 2021
Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.
Mikron is a trademark of Mikron Holding AG, Biel (Switzerland).
