PRESS RELEASE Zwolle, 26 April 2016 RoodMicrotec: Annual report 2015 Today we published our Annual Report 2015. In comparison to the preliminary figures 2015 that we published on 10 March 2016, certain adjustments were made. The main ones relate to the increase of the balance sheet total, which is mainly the result of the presentation of the financial assets and pension provisions...

PRESS RELEASE

Zwolle, 26 April 2016

RoodMicrotec: Annual report 2015

 

Today we published our Annual Report 2015. In comparison to the preliminary figures 2015 that we published on 10 March 2016, certain adjustments were made. The main ones relate to the increase of the balance sheet total, which is mainly the result of the presentation of the financial assets and pension provisions. The adjustments do not have a material effect on the net financial results and/ or operational cash flows.

The total assets are EUR 13.5 million compared to EUR 11.3 million according to the preliminary figures. The increase is mainly due to the reclassification of financial assets of EUR 2.5 million, which were previously presented under pension provisions. These assets were also in 2014 presented as financial assets.

The financial assets comprise bonds of EUR 2.5 million, which are held for financing pension liabilities. The information to determine the fair value of these bonds is not available. Consequently these assets do not qualify as pension assets under IAS 19. We refer to the valuation of the financial assets as explained in the Annual Report in note 11 as well as the audit report on this item on page 103 to 105 of our Annual Report.

In this press release the final consolidated statement of profit or loss 2015, the consolidated statement of financial position 2015 and the consolidated cash flow statement are included.

 

Annual General Meeting of Shareholders 7 June 2016 at 2 pm, Euronext Amsterdam, Beursplein 5

The Annual General Meeting of Shareholders will be held on Tuesday 7 June 2016.

 

Financial agenda

12 May 2016	Publication trading update
7 June 2016	Annual general meeting of shareholders
7 July 2016	Publication sales figures first half 2016
25 August 2016	Publication interim report 2016
25 August 2016	Conference call for press and analysts
15 November 2016	Publication trading update

 

 

 

Consolidated statement of profit or loss

 

(x EUR 1,000)		2015	2014
Net sales		10,250	9,971
Cost of sales		-1,866	-1,787
Gross profit		8,384	8,184
Personnel expenses		-5,860	-6,058
Other operating expenses		-2,902	-2,848
Total operating expenses		-8,762	-8,906
EBITDA		-378	-722
Depreciation and amortisation		-930	-792
EBIT		-1,308	-1,514
Financial expenses		-187	-161
Profit before tax		-1,495	-1,675
Taxes		-10	-18
Net profit (loss)		-1,505	-1,693

 

 

Net profit attributable to:

 

Owners of the company		-1,505	-1,693	-284
Non-controlling interests		-	-	-
Net profit (loss)		-1,505	-1,693	-284

 

Earnings per share

 

Basic		-0.03	-0.04	-0.01
Diluted		-0.03	-0.04	-0.01

 

 

 

Consolidated statement of financial position

 

(x EUR 1,000)		31-12-2015	31-12-2014	01-01-2014
Assets
Property, plant and equipment		4,732	5,371	5,250
Intangible assets		2,176	1,741	1,741
Deferred income taxes		1,016	1,133	964
Financial assets		3,002	2,982	2,991
Non-current assets		10,926	11,227	10,946
Inventories		279	344	283
Trade and other receivables		1,659	1,712	2,359
Cash and cash equivalents		667	192	211
Current assets		2,605	2,248	2,853
Total assets		13,531	13,475	13,799
Equity and liabilities
Issued share capital		5,986	4,788	4,255
Share premium		19,009	18,084	17,851
Revaluation reserve		1,822	1,859	1,668
Retained earnings		-24,990	-23,661	-21,014
Equity, attributable to equity holders of the parent		1,827	1,070	2,760
Non-controlling interests		2,494	2,494	2,494
Total equity		4,321	3,564	5,254
Loans and borrowings		2,301	2,306	279
Retirement benefit obligation		4,864	5,232	4,082
Non-current liabilities		7,165	7,538	4,361
Bank overdraft		-	-	1,537
Loans and borrowings		41	45	508
Trade and other payables		1,945	2,270	2,081
Current tax liabilities		59	58	58
Current liabilities		2,045	2,373	4,184
Total equity and liabilities		13,531	13,475	13,799

 

Consolidated cash flow statement

(x EUR 1,000)		2015	2014
EBITDA		-378	-722
Adjustments for:
-  Movements in net defined benefit obligations		-122	-103
-  Share-based payments		30	59
-  Accrued interest		-	-
Changes in working capital
-  Inventories		65	-61
-  Trade and other receivables		53	647
-  Trade and other accrued liabilities		-328	79
Cash generated from operating activities		-680	-101
Interest paid		-152	-145
Net cash from operating activities		-832	-246
Cash flows from investing activities
Investments in property, plant and equipment		-291	-499
Disposal of property, plant and equipment		-	-
Investments in intangible assets		-435	-
Net investments in financial assets		-20	9
Net cash from investing activities		-746	-490
Cash flows from financing activities
Proceeds from issue of share capital		2,093	707
Proceeds from borrowings minus bond issuance costs		-	2,450
Repayment of borrowings		-40	-903
Net cash flow from financing activities		2,053	2,254
Net cash flow		475	1,518
Cash -/- bank overdrafts at 1 January		192	-1,326
Cash -/- bank overdrafts at 31 December		667	192
Net cash flow		475	1,518

 

 

 

 

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).

 

 

Further information:

Philip Nijenhuis, CEO, Reinhard Pusch, COO/CSO, Martin Sallenhag, CTO, Erwin Vrielink, CFO

Telephone: +31 38 4215216

Postal address:

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

Email:         [email protected]

Web:              www.roodmicrotec.com

 

 

 

This press release is published in English and Dutch (German). In case of conflict between these versions the English version shall prevail.

Copyright GlobeNewswire

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