Mycronic AB (publ)

Strong Q3 performance across all divisions; margin strength led by Global Technologies - Order intake: +10% to ~SEK 2.7bn (vs very strong Q3’25). - Sales: +38% YoY to ~SEK 2.4bn; all divisions posted double-digit growth, with major contribution from Global Technologies (Global Tech sales +105% to SEK 852m). - Profitability: Gross margin ~52% and EBIT margin 26% (EBIT SEK 610m). - Aftermarket: record SEK 606m (+ improving across divisions), and helped mix/gross margin (aftermarket now >SEK 2bn, ~24% of net sales).

Backlog at record levels; full-year guidance raised - Backlog: record ~SEK 5.5bn (highest ever), supporting visibility. - Full-year sales outlook: company revised upward to ~SEK 9.75bn (board outlook; only one quarter left). - Global Technologies backlog: ~SEK 2.3bn (>2x prior), though management noted Q3 result was somewhat exceptional and not to fully extrapolate the level. - Receivables/cash: strong operating cash flow; solid cash position >SEK 3bn at period end (cash above SEK 3bn).

New product launches expand addressable market (opportunities) - At Capital Markets Day (Aug 31), launched/announced new PG solutions: - Pattern Generators: SLX Kite (next-gen semiconductor mask writer) and semicon photomask inspection machine IQX. - Management emphasized these are capability expansions (not just upgrades), aimed at expanding the semiconductor market. - Reception from customers: - IQX: “exceptionally high” customer interest; talks focused on accelerating deliveries; first tools shipping soon. - SLX Kite: positive interest, but “jury is still out” (expected customers will focus on productivity/cost of ownership vs competitors).