ROODMICROTEC N.V. RoodMicrotec, the Dutch supplier of semiconductors and advanced microchips, publishes its Annual Report 2016 today. The company reported a 15% increase in revenue for Q1 2017, compared with the same period of 2016. RoodMicrotec also announced three new supply chain orders that are being put into the development phase and will run for at least five years in volume production.
The increase in revenue comes across the board from all business units, but RoodMicrotec said the continuing positive trend in the major Supply Chain Management unit is particularly encouraging. The upturn in revenue extended across the Test Engineering and Qualification & Reliability Investigation units and the significant rise in Failure & Technology Analysis was notably outstanding.
The three supply chain orders come from new customers -- design houses, in Germany, Switzerland and the UK, demonstrating the broad acceptance RoodMicrotec's offering is achieving across European markets. The orders also cover different market areas, such as industrial and high reliability. These projects now move into the development phase and will run for at least five years in volume production, which is planned from 2018. The overall expected revenue for these contracts is EUR 2.0 million over the five years.
Martin Sallenhag, CEO RoodMicrotec said: "The efforts that RoodMicrotec has put into developing our sales channels in the last few years are now paying off and we expect to transition to quarterly profitability over the course of 2017. We are particularly encouraged that these new orders have been attained in separate geographical and market areas in the supply chain unit, showing that our business model is gaining traction across Europe."
Outlook for 2017
As a result of the new arrangements and contracts announced in 2016, RoodMicrotec expects that turnover will increase substantially in coming years. The company projects that its turnover will be approximately 75% higher by 2020, compared with the total turnover of around EUR 10 million in 2015. With a number of new projects ramping up for production during the second half of 2017, RoodMicrotec foresees an increase in revenue and improved results compared with 2016. In 2017, the company is expected to come to the cross over point where a positive quarterly net profit is reached.
Annual General Meeting of Shareholders 8 June 2017 at 2 pm, EURONEXT Amsterdam, Beursplein 5
The Annual General Meeting of Shareholders will be held on Thursday 8 June 2017.
Financial agenda
| 26 April 2017 | Publication annual report 2016 |
| 8 June 2017 | Annual general meeting of shareholders |
| 9 June 2017 | Annual bondholders meeting |
| 6 July 2017 | Publication sales figures first half 2017 |
| 24 August 2017 | Publication interim report 2017 |
| 24 August 2017 | Conference call for press and analysts |
About RoodMicrotec
With more than 45 years' experience as an independent value-added service provider in the area of micro and optoelectronics, RoodMicrotec offers Fabless Companies, OEMs and other companies a one-stop shop proposition. With its powerful solutions RoodMicrotec has built up a strong position in Europe.
Our services comply with the industrial and quality requirements of the high reliability/space, automotive, telecommunications, medical, industrial and electronics sectors.
Certified by RoodMicrotec concerns inter alia certification of products to the stringent ISO/TS 16949 standard that applies to suppliers to the automotive industry. The company also has an accredited laboratory for test activities and qualification to the ISO/IEC 17025 standard.
Its value-added services include (eXtended) supply chain management and total manufacturing solutions with partners, failure & technology analysis, qualification & burn-in, test & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training and quality & reliability consulting.
RoodMicrotec has branches in Germany (Dresden, Nördlingen, Stuttgart), United Kingdom (Bath) and the Netherlands (Zwolle).
For more information visit http://www.roodmicrotec.com
This press release is published in English, Dutch and German. In case of conflict between these versions the English version shall prevail.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RoodMicrotec N.V. via Globenewswire
