Annual Report 2006

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16 Securing production and maintaining value A quick-to-react service organization guarantees that any production downtime can be kept to a minimum, while also providing customers with wide-ranging, added-value machine and tool services. Such as the machining industry Tool regrinding service – a service from Mikron Machining Technology
Summary Key figures Production Equipment Production Equipment Production Equipment comprises the activities of the Machining Technology and Assembly Technology divisions. Both divisions develop and build customized production solutions for companies that specialize in high-volume manufacturing. The business trend in the Production Equipment segment is shaped by the typical influences on project-driven capital goods business. Order intake and sales were up on the previous year and in line with expectations. Around two-thirds of orders were placed in the first half of the year. While good progress was made on the road to improving earnings power, the targeted increase in operating profit (EBIT) was not achieved. The reasons were to be found in the unexpected cancellations of orders for the Machining Technology division, which led to extraordinary write-offs totaling CHF 4.4 million in the last quarter, as well as expenditures for handling the, at times, very high order backlog at the Assembly Technology division. Both Machining Technology and Assembly Technology entered 2007 with a stock of orders significantly below the prior-year level. This is a reflection of the low order level in the second half of <strong>2006</strong>. Nevertheless, both divisions remain optimistic. Order volume is expected to rise further. Improving operating profit (EBIT) remains the top priority. in CHF million <strong>2006</strong> 2005 +/- Orders 228.7 214.9 6.4% Machining Technology 128.6 121.1 6.2% Assembly Technology 100.2 93.8 6.8% Net sales 244.7 218.4 12.0% Machining Technology 126.1 119.8 5.3% Assembly Technology 118.6 98.6 20.2% EBIT 10.4 11.6 -10.7% Stock of orders 72.7 96.7 -24.8% Machining Technology 37.7 44.4 -15.2% Assembly Technology 35.1 52.3 -32.9% Number of employees 977 961 1.6% Machining Technology 588 618 -4.9% Assembly Technology 389 343 13.3% 17
Page 1 and 2: Engineering Intelligence for Custom
Page 3 and 4: Table of Contents Key Figures 2 Bri
Page 5 and 6: Key Figures 2006 in CHF million 200
Page 7 and 8: Corporate Structure Corporate Servi
Page 9 and 10: Mikron Group in which it found itse
Page 11 and 12: Mikron Group I can sum up by statin
Page 13 and 14: Productivity the key to success Sol
Page 15 and 16: Precision in production Reliable pr
Page 17: Investments that pay off Our holist
Page 21 and 22: The Mikron Machining Technology man
Page 23 and 24: Shop floor at Mikron SA Boudry (Swi
Page 25 and 26: Assembly solution featuring the new
Page 27 and 28: Capital Structure Capital The Mikro
Page 29 and 30: Anton Affentranger lic. oec. Born i
Page 31 and 32: Corporate Governance Committees Two
Page 33 and 34: Group Management Corporate Governan
Page 35 and 36: Franz Wyss Dipl. Ing. FH/NDU Born i
Page 37 and 38: Shareholders’ Participation Right
Page 39: Information Policy Mikron Holding A
Page 42 and 43: 40 Consolidated Financial Statement
Page 44 and 45: 42 Consolidated Financial Statement
Page 46 and 47: 44 Notes to the Consolidated Financ
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66 Notes to the Consolidated Financ
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72 5-Year Financial Summary 5-Year
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Table of Contents Financial Report
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Balance Sheet Financial Statements
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8. Statement of Shareholders’equi
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Report of the statutory auditors to
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Headquarters Production, sales/Serv
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www.mikron.com 03.07.1000.e
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Annual Report 2006

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