Roodmicrotec NV Reports Sales Results for the First Quarter of 2017; Provides Revenue Guidance for the Year 2017
The company provided revenue guidance for the year 2017. As a result of the new arrangements and contracts announced in 2016, the company 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, the company 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.