RoodMicrotec's Stable First Half 2016 Sales Sets Stage for Expansion Through 2017

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Zwolle - 07 July 2016 A high level of contract quotes and projected forward order income in the pipeline are expected to drive growth at RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, through to next year. Strong sales in the ...

Zwolle - 07 July 2016

A high level of contract quotes and projected forward order income in the pipeline are expected to drive growth at RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, through to next year. Strong sales in the test engineering and qualification categories in the first-half of 2016 have set a stable base for the company's expansion in coming months, recently appointed CEO Martin Sallenhag said.

Martin Sallenhag, RoodMicrotec N.V. CEO said:  "RoodMicrotec is maintaining its current sales target for 2016, after the first-half figures were in line with the same period of 2015. I believe this sets a solid, stable, base for rising sales through 2017 as the company is in a good position to build on the high level of contract quotes and forward orders we're seeing coming through our books."

RoodMicrotec's sales in the automotive sector in particular are continuing to show positive development, with some orders being brought forward. The customer predictions for these projects also show larger volumes earlier in time.

The newly installed test equipment for more complex and advanced chips - a V93k mixed signal test system and a 12" wafer prober - have entered the engineering phase. This will contribute to the future revenue and ramp up to production in the next few months enabling us to support the growing conventional and electrical automotive markets as well as the industrial/IoT market.

Sales by business unit first half of 2016 compared to first half of 2015:

(x € 1,000)   HY1 2016   HY1 2015   change
             
Test   1,702   1,730   -2%
Supply Chain Management   926   1,198   -23%
Failure & Technology Analysis   751   846   -11%
Test Engineering   230   171   +35%
Qualification & Reliability Investigation   1,310   967   +36%
TOTAL   4,919   4,912   +0%

Supply Chain Management is still coming under pressure largely due to a delayed order by a Brazilian client stemming from the country's economic problems, but with the outlook for Brazil improving, RoodMicrotec expects this project to re-gather momentum in coming months. Previously announced orders in this category should also contribute to a recovery in sales growth.

Martin Sallenhag concluded: "RoodMicrotec is well-positioned to benefit from the rising demand for advanced microchips critical to communication in the expanding markets of the electrical automotive, industrial and medical sectors, which we expect to see feeding through into the company's sales over the next 18 months."

Outlook 2016

The company's financial outlook for 2016 remains in line with the company's projections in the 2015 Annual Report.

Financial agenda 2016

25 August 2016 Publication interim report 2016
25 August 2016 Conference call for press and analysts
15 November 2016 Publication trading update

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 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, Erwin Vrielink, CFO, Philip Nijenhuis
Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA  Zwolle
Email:       investor-relations@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.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#2026761

Source(s) : RoodMicrotec N.V.

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