Info
Info
News Article

Picosun Group’s Strong Growth Continues In 2020

News

Picosun Group, the supplier of AGILE ALD (Atomic Layer Deposition) thin film coating technology for global industries, reports strong growth during fiscal year 2018-2019, as a result of Group's strategy to focus on industrial customers. The growth has continued in the first quarter of 2020.

During the fiscal year 1st October 2018 - 31st December 2019, Picosun Group's order intake was 35,9 M€ and turnover 34,2 M€. EBIT was 377 k€. The growth from the previous corresponding 15 months period was +18,4 % in order intake, and +5,5 % in turnover.
Picosun invested over 19 % of the turnover in R&D activities during the last fiscal year. The main R&D activities related to new product developments in line with the new Group strategy. During the period Picosun Group launched many improvements to existing products and services. The most important product launch was PICOSUN Morpher ALD production platform for e.g. MEMS, LED, 5G and power electronics markets, which was launched in July 2019 with positive response from the customers.


Picosun Group has continued its strong growth in the first quarter of 2020, resulting in 10,7 M€ order intake, growth of +64,1% compared to Q1/2019. Turnover grew +36,3 % in the same period. EBIT was 1,2 M€. Despite uncertainty caused by the ongoing coronavirus pandemic Picosun Group expects the growth to continue in the fiscal year 2020, compared to the corresponding period in 2019.


Picosun held its Annual General Meeting on 26th May 2020. Mr. Kustaa Poutiainen continues as the Chairman of the Board. Other Board members nominated by the Annual General Meeting are Dr. Tuomo Suntola, Mr. Juha Mikkola and Mr. Hannu Turunen.
“Despite of the challenges caused by the global COVID-19 pandemic, Picosun's business is continuing strong. Our strategy implementation continues well and has led to positive growth especially in new product sales in the first quarter of this year. We have also hired new personnel and hiring will continue when the corona situation eases off. To support our growth, we are planning to accelerate our investments in product and business development as well as in our facilities and factories. Picosun's success is made of the hard work, dedication and team spirit of our personnel with unmatched expertise in ALD and solid commitment to our customers,” states Mr. Jussi Rautee, CEO of Picosun Group.

GLOBALFOUNDRIES 12LP+ FinFET Solution Ready For Production
Inception Semiconductor Single Wafer Processing Tool
ACM Research Launches 18-Chamber Single-Wafer Cleaning Tool
Picosun Group’s Strong Growth Continues In 2020
Park Systems Announces The Opening Of A New Subsidiary In The UK
Picosun And A*STAR’s IME To Create Novel, High Performance Memories
Onto Innovation Announces Three New Metrology Systems
GLOBALFOUNDRIES To Acquire Land In NY For Advanced Manufacturing Facility
Bat-like Sensor Could Help Social Distancing As Lockdown Lifts
Ereztech Expands US Footprint, Opens R&D Lab
Imec Demonstrates Si FinFET CMOS Devices With Integrated Tungsten Buried Power Rails
SUSS MicroTec And Micro Resist Technology Partner In Advancing Nanoimprint Lithography
Pfeiffer Vacuum Introduces Next Generation Gas Analyzers
Full Range Of Dry Roots Process Pumps For Harsh Duty Applications (XN Series)
Xperi And Tower Announce New License
The ASM 306 S Helium And Hydrogen Sniffer Leak Detector For Easy And Accurate Full-time Sniffing Operations
Park Systems Announces NanoScientific Symposium
Imec Overcomes Fundamental Operation Challenge For Voltage Controlled RAM
SPTS Technologies Honored With Queen’s Award For Enterprise In Innovation 2020
Oxford Instruments’ Plasma Technology And NanoScience Businesses Collaborate With The Consortium
Picosun’s Medical ALD Solutions
Dow Launches Fast Curing Silicone Adhesive
OLED Rising Market Marks New Era In Lighting And Screen Technology
130 Years Of Pfeiffer Vacuum

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}