European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank56

Sweden · Technology

Mycronic

Mycronic's product areas include PCB assembly, photomask equipment, dispensing and coating, bare-board testing and die bonding.

+60%revenue growth
FY2022–FY2025
+117%net-income growth
FY2022–FY2025
+139%stock return
FY2022–FY2025
+55%2026 stock return
current context only

Company profile

Machines that pattern, populate and package electronics

Mycronic is not itself a chip, display or circuit-board maker. It builds machines used at several physical production steps: a mask writer creates the master pattern later transferred to a wafer or display substrate; a PCB line deposits solder paste, places components and inspects the assembled board; a die bonder positions a tiny semiconductor die inside a package; and dispensing systems add adhesives, underfill or protective coatings. Precision, repeatability and rapid product changeovers link these otherwise different niches.

Before wafer exposure

A mask writer turns a circuit design into a reusable light pattern

A photomask is an opaque plate with transparent areas arranged as one layer of a design. During lithography, light passes through that pattern and transfers it to a wafer or display substrate; several masks build successive layers. Mycronic's Prexision writers serve large display masks, while SLX addresses masks for mature semiconductor nodes. The company writes the mask, not the finished chip.

Populating a circuit board

Paste, place and inspect: one production line follows the board

A PCB line first deposits solder paste, then places components from reels and finally checks position and solder joints. MY700 can jet paste from a software pattern, MYPro A40 places components and GenI prepares automated optical inspection. At US manufacturer Z-AXIS, a line combining A40 placement, S30 printing and MYTower storage reportedly cut large-job throughput time by about one third.

Packaging the semiconductor

A die bonder places the tiny chip where the outside world can reach it

After a wafer is diced, each small semiconductor block is a die. A die bonder picks it up, aligns it and attaches it to a package, substrate or another component. MRSI systems combine machine vision, material handling and micron-level placement. TESAT uses MRSI equipment in automated microwave-module production, while VPT moved defence and aerospace component assembly from manual work toward automated die bonding.

Materials, niches and support

Microscopic material deposits sit inside a wider specialist portfolio

Dispensing tools jet repeatable amounts of adhesive, epoxy, underfill, sealant or solder paste without contacting the workpiece; the MY700 tutorial shows the ejector mechanism. Mycronic combines this field with selected electronics-production niches including bare-board testing, photonic interconnects, magnetic testing and applied plasma. Seven R&D centres and sales or support locations across Europe, Asia and North America connect development with installed equipment.

Current 2026 update

What has changed in 2026?

Order announced on 23 July 2026 · 23 July 2026

Order announced on 23 July 2026latest official update
4company-specific highlights
+55%2026 stock return · context only

Net sales

First-half net sales rose 16.9% to SEK 4,919 million.

Six months ended 30 June 2026 · SEK 4,919m · +16.9%

Profit

Profit attributable to owners of the parent rose 16.4% to SEK 1,241 million.

Six months ended 30 June 2026 · SEK 1,241m · +16.4%

Order intake and division mix

Order intake rose 60.7% to SEK 5.45 billion. Global Technologies and High Volume were strong, while standard industrial business in PCB Assembly Solutions remained weak, especially in Europe; restructuring cost through 2027 is estimated at SEK 100 million.

Six months ended 30 June 2026 · SEK 5,446m · +60.7%

SLX mask-writer order

Mycronic received an SLX mask-writer order valued at USD 5–7 million, with delivery planned for Q2 2027.

Order announced on 23 July 2026

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202556+60%+117%+139%