ROODMICROTEC N.V. - Sales rise in first half 2015

Zwolle, 09 July 2015 Preliminary sales in the first half of 2015 rose to EUR 4.912 million, or 3% compared to the first half of 2014 (EUR 4.771 million). As explained before, we believe that the negative trend of the past few years has been broken. The rise was mainly due to the automotive sector...

Zwolle, 09 July 2015

 

Preliminary sales in the first half of 2015 rose to EUR 4.912 million, or 3% compared to the first half of 2014 (EUR 4.771 million). As explained before, we believe that the negative trend of the past few years has been broken. The rise was mainly due to the automotive sector.

In view of the significant increase of our quote portfolio compared to January 2015, when it reached a level of over EUR 10 million, and the rise in orders we maintain our sales target for 2015.

 

The fact that the factors set out above have not yet resulted in a material increase of sales is due to the inevitable long preparation times projects often require. However, once these projects start to generate sales, these will be recurring sales. And recurring sales give us a far stabler position.

 

We expect that the orders we wrote about in early June will partly start to contribute to sales in the second half of 2015. Over the next few years, these orders will annually generate between EUR 0.5 and 1 million in recurring sales. The order we booked in early July of approx. EUR 25 million over ten years will generate recurring sales as of the second quarter of 2016.

 

 

Sales by business unit first half 2015 vs. first half 2014

 

(x EUR 1,000)		HY1 2015		HY1 2014		change
Test		1,730		1,708		+1%
Supply Chain Management		1,198		1,318		-9%
Failure & Technology Analysis		846		704		+20%
Test Engineering		171		264		-35%
Qualification & Reliability Investigation		967		776		+25%
TOTAL		4,912		4,771		+3%

 

The decrease of Supply Chain sales is temporary. We expect them to rise strongly in the near future. Especially the recently booked order of approx. EUR 25 million will cause sales in the supply chain to rise strongly, but new expected orders will also contribute.

 

'The increase remained limited in the first half of the year, partly due to the long preparation times of orders, but does clearly show a break in the trend of the past few years. We feel this is a very clear positive sign, that will lead to significant growth for RoodMicrotec', said RoodMicrotec CEO Philip Nijenhuis.

 

 

Outlook for 2015

In view of the high hitrate, the rising quote portfolio and new orders booked, RoodMicrotec now expects to realise at least clear sales growth in the second half of 2015 and significant sales growth in 2016 and beyond.

 

We have reached the invoicing stage of a start-up or are already investing in the preparation phase of over 50% of new projects. These relate to our core segments Automotive (50%) and Industrial/Medical (30%), but also high-end consumer business (20%). Automotive and Industrial/Medical are fast growing market segments.

 

There is now strong ground for maintaining our previously stated long-term objective of annual autonomous growth of between 3% and 13% at an average growth of the semiconductor market of 6% and thus improve the operating result and the net result.

 

 

Financial agenda 2014/2015

27 August 2015	Publication interim report 2014
27 August 2015	Conference call for press and analysts
12 November 2015	Publication trading update
7 January 2016	Publication annual sales figures 2014
25 February 2016	Publication annual figures 2014
25 February 2016*	Conference call for press and analysts
10 March 2016*	Publication annual report 2014
21 April 2016*	Annual general meeting of shareholders
12 May 2016	Publication trading update
7 July 2016	Publication sales figures first half 2015
25 August 2016	Publication interim report 2015
25 August 2016	Conference call for press and analysts
15 November 2016	Publication trading update
* provisional dates

 

 

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 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, IT 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 calibration to the ISO/IEC 17025 standard.

Its value-added services include failure & technology analysis, qualification & 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 branches in Germany (Dresden, Nördlingen, Stuttgart) and the Netherlands (Zwolle).

 

 

Further information:

Philip Nijenhuis, CEO                  Telephone: +31 38 4215216

Postal address:

RoodMicrotec N.V., PO Box 1042, 8001 BA  Zwolle

Email:       [email protected]

Website:    www.roodmicrotec.com

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