ROODMICROTEC : Sales growth RoodMicrotec continues in first half 2011
07/07/2011| 02:05am US/Eastern
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The provisional sales of ? 8.634 million for the first half of 2011 constituted a significant 17.8% increase compared to the first half of 2010 (HY1 2010: ? 7.328 million) at a provisional gross margin of approx. 80% (HY1 2010: 75%).
Test Engineering recorded the strongest growth at 46.4%. The business units Test, Supply Chain Management and Failure & Technology Analysis grew by 18.3%, 19.6% and 17.3% respectively. The business unit Qualification & Reliability Investigation showed limited growth (5.1%).
There was growth in all our service sectors. Growth continued steadily both for new product developments and recurring contracts in industry, medical, space and aeronautical and other sectors. New product developments in particular resulted in considerable growth of our engineering activities.
Sales per business unit first half 2011 vs first half 2010
| (x EUR 1.000) | | HY1 2011 | | HY1 2010 | | Change |
| | | | | | | |
| Test | | 3,925 | | 3,319 | | 18.3% |
| Supply Chain Management | | 2,142 | | 1,791 | | 19.6% |
| Failure & Technology Analysis | | 883 | | 753 | | 17.3% |
| Test Engineering | | 511 | | 349 | | 46.4% |
| Qualification & Reliability Investigation | | 1,173 | | 1,116 | | 5.1% |
| Totaal | | 8,634 | | 7,328 | | 17.8% |
'I am very pleased our growth once again outstripped that of the global semiconductor market, which grew by approx. 8% in the first half of this year. It is important furthermore that there was growth in all our sectors. Furthermore, the increase of orders is encouraging. The strength and dedication of our employees gives me confidence for the future,' said Philip Nijenhuis, CEO of RoodMicrotec.
Outlook
Based on the developments in the first half of 2011 we anticipate, in spite of the macro-economic slowdown and uncertainty, and barring unforeseen circumstances, an increase of sales in the second half of 2011 compared to the second half of 2010. In line with our strategy we are focusing strongly on improving the operating result and net result.
In the long term, we consider an average annual sales increase of between 5% and 15% to be realistic.
Financial agenda 2011/2012
| 31 August 2011 | Publication interim report 2011 |
| 31 August 2011 | Conference call for press and analysts |
| 10 November 2011 | Publication trading update |
| 10 January 2012 | Publication sales figures full year 2011 |
| 23 February 2012 | Publication annual figures 2011 |
| 23 February 2012 | Conference call for press and analysts |
| 9 March 2012 | Publication annual report 2011 |
| 26 April 2012 | Annual general meeting of shareholders |
| 15 May 2012 | Publication trading update |
| 10 July 2012 | Publication sales figures first half 2012 |
| 31 August 2012 | Publication interim report 2012 |
| 31 August 2012 | Conference call for press and analysts |
| 15 November 2012 | Publication trading update |
Forward-looking statements
This press release contains a number of forward-looking statements. These statements are based on current expectations, estimates and prognoses of the board of management and on the information currently available to the company. The statements are subject to certain risks and uncertainties which are hard to evaluate, such as the general economic conditions, interest rates, exchange rates and amendments to statutory laws and regulations. The board of management of RoodMicrotec cannot guarantee that its expectations will materialise. Furthermore, RoodMicrotec does not accept any obligation to update the statements made in this press release.
About RoodMicrotec
With 40 years' experience as an independent value-added microelectronics and optoelectronics service provider, RoodMicrotec offers a one-stop shopping proposition to fabless companies, OEMs and other business partners.
RoodMicrotec has built up a strong position in Europe with its powerful solutions. Its services comply with the highest industrial and quality requirements demanded by the high-reliability/aerospace, automotive, telecommunications, medical, IT and electronics sectors.
'Certified by RoodMicrotec' concerns certification of products inter alia to the stringent ISO/TS 16949 standard for suppliers to the automotive industry. The company has an accredited laboratory for testing and calibration activities in accordance with the ISO/IEC 17025 standard.
The value-added services include failure & technology analysis, qualification & monitoring burn-in, test- & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training, quality & reliability consulting, supply chain management and total manufacturing solutions with partners.
RoodMicrotec has facilities in Germany (Dresden, Nördlingen, Stuttgart) and in the Netherlands (Zwolle).
For further information:
Philip Nijenhuis, CEO
Telephone: + 31 (0)38 4215216
Email: investor-relations@roodmicrotec.com:
mailto:investor-relations@roodmicrotec.com
Website: www.roodmicrotec.com:
http://www.roodmicrotec.com/
Press release as PDF:
http://hugin.info/130789/R/1529075/464633.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: RoodMicrotec N.V. via Thomson Reuters ONE
HUG#1529075
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