RoodMicrotec Annual Report 2016 and Trading update: Q1 2017 Revenue Rises 15% Year-on-Year and Three New Supply Chain Orders Secured Across Key European Markets
(Thomson Reuters ONE) -
Zwolle, 26 April 2017
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.
RoodMicrotec-Annual Report 2016-Trading Update Q1_E:
http://hugin.info/130789/R/2098805/795053.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: 26.04.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 538315
Anzahl Zeichen: 5638
contact information:
Town:
Zwolle
Kategorie:
Business News
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