RoodMicrotec Year-on-Year Sales Stable in First Half Year 2016, as High Quote Portfolio Sets Stage for Positive 2017
(Thomson Reuters ONE) -
RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, saw
stable year-on-year sales in the first-half of 2016, providing a solid platform
for forecast growth in the remainder of this year and 2017.
The high quote portfolio and projected forward order income in the pipeline are
expected to be the main drivers of expansion in coming months. Strong sales
growth in the test engineering and qualification units (+35%), in particular,
over the first six months of 2016, will be the basis for future growth in the
recurring business.
Martin Sallenhag, RoodMicrotec N.V. CEO said: "Our current sales target has been
maintained for 2016 following a very strong performance in the test engineering
and qualification units in the first-half, which offset weaker numbers in other
areas. This solid base for rising projected sales going forward has already
partly materialized after we secured contracts with automotive and aerospace
clients in the Failure Analysis unit earlier this month. Further contract quotes
now coming through are setting the stage for our positive outlook through to
2017".
Summary HY1 2016
(x EUR 1,000) HY1 2016 HY1 2015
---------------------------------------------------
Sales 4,919 4,912
Gross margin as % of sales 85% 83%
EBITDA 95 -33
EBITDA as % of sales 2% -1%
EBIT -429 -404
EBIT as % of sales -9% -8%
Net result -541 -497
Net result as % of sales -11% -10%
Gross margin improved compared to 2015 which resulted in a small positive EBITDA
in the first half of 2016. Depreciation increased due to investments done in the
second half of 2015 and the first half of 2016. The new investments are already
translating into projects that are currently in the final industrial phase
before being ramped up to production. Moreover, one of RoodMicrotec's larger
contracts is going into production significantly ahead of expectation, and will
therefore be positively accretive to sales ahead of time in 2017.
Martin Sallenhag was appointed CEO and Reinhard Pusch became COO of RoodMicrotec
in June 2016 to lead the company's growth in the rapidly expanding electric
automotive, industrial and medical sectors, which will further accelerate the
momentum of the market for the "Internet of Things" (IoT). Former CEO Philip
Nijenhuis joined the company's Supervisory Board as an advisor to provide
continuity.
The IoT refers to networks of physical objects, including devices, vehicles,
buildings and other items, which are embedded with electronics and software that
enables them to collect and exchange data. In particular, the automotive
industry that sits at the core of RoodMicrotec's activities is on the verge of
an IoT breakthrough.
Sallenhag concluded: "The growth in our core markets is presenting opportunities
for RoodMicrotec to take a pole position in their integration with the IoT
phenomenon. The fact that new and promising orders keep coming in, is a sign
that we are already moving into this space in the market and we expect to gain
further traction over the next 18 months."
ENDS
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
Further information
Martin Sallenhag CEO; Reinhard Pusch COO; Vic Tee chairman of the Supervisory
Board; Philip Nijenhuis member of Supervisory Board; Douwe de Boer interim CFO.
Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA Zwolle
Email: investor-relations(at)roodmicrotec.com Web: www.roodmicrotec.com
This press release is published in English and Dutch (and German). In case of
conflict between these versions the English version shall prevail.
RoodMicrotec_Press Release_1st Half 2016_E:
http://hugin.info/130789/R/2037178/759028.pdf
RoodMicrotec_Interim Report 2016_EN:
http://hugin.info/130789/R/2037178/759029.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 491058
Anzahl Zeichen: 6470
contact information:
Town:
Zwolle
Kategorie:
Business News
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"RoodMicrotec Year-on-Year Sales Stable in First Half Year 2016, as High Quote Portfolio Sets Stage for Positive 2017"
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