RoodMicrotec reports positive net result for the first half of 2019

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Positive net result in the first half of 2019Revenue of EUR 6.4 million with significant growth in Supply Chain ManagementBook-to-bill ratio maintained consistently at a level above one Deventer, August 1st, 2019 – RoodMicrotec N.V., a leading ...

 

  • Positive net result in the first half of 2019
  • Revenue of EUR 6.4 million with significant growth in Supply Chain Management
  • Book-to-bill ratio maintained consistently at a level above one

Deventer, August 1st, 2019 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today released its unaudited interim report for the first half-year ending on June 30th, 2019. The company reports a positive net result of EUR 5,000 despite the decline in revenue and the weak market situation. The gross profit margin is maintained at a consistent high level of 79%, which is in line with expectations due to the increasing supply chain management business. The strongest leading indicator for future business growth, the book-to-bill ratio, is stable at above one. The revenue for the first half of 2019 was EUR 6.4 million, 7% lower than for the first half of 2018, with an increase of 12% from the first quarter to the second quarter in 2019. Supply Chain Management is showing a revenue increase, which is encouraging and shows that the overall strategy for the company is paying off - also under difficult market conditions. Test Operations is maintaining a constant level and the decrease in Qualification & Failure Analysis is mainly due to the customer initiated phase out of production burn-in.

“We are pleased with our performance so far and proud to report a positive net result for the first-half of 2019 even though the market situation is challenging. This demonstrates that RoodMicrotec’s strategy as well as the commitment of our employees continue to drive the company’s future growth”, says Martin Sallenhag, CEO of RoodMicrotec.

Summary HY1 2019

(x EUR 1,000)Unaudited
HY1 2019
Unaudited
HY1 2018
 
Net Sales6,3936,843 
Gross profit5,0495,686 
Gross profit margin of net sales79%83% 
EBITDA807913 
EBITDA in % of net sales13%13% 
EBIT108398 
EBIT in % of net sales2%6% 
Net result5276 
Net result in % of net sales0%4% 

During the annual general meeting of shareholders held on May 23rd, 2019, RoodMicrotec announced that the present auditor, Baker Tilly, has decided to stop auditing listed companies. The search for a new auditor is progressing. Due to the limited number of audit firms licensed in the Netherlands to audit listed companies, we experience that it is challenging for a small listed company like RoodMicrotec to find an audit firm that is willing to accept the audit engagement for a new client, especially when this should be completed until April 2020.

Conference call

You are invited to take part in RoodMicrotec’s conference call for press and analysts on

Thursday, August 1st, 2019 at 9.30 am.
The management will present the Interim Report 2019 in detail and answer your questions.

The dial-in number for the call is:            +31 (0)20 531 5850 (via operator)

Financial agenda

August 1st, 2019Conference call for press and analysts
October 17th, 2019Trading update quarter 3-2019
January 23rd, 2020Publication annual revenue 2019 (preliminary)
March 12th, 2020Publication annual figures 2019 (preliminary)
March 12th, 2020Conference call for press and analysts
April 9th, 2020Publication annual report 2019
April 9th, 2020Trading update quarter 1-2020
May 28th, 2020Annual general meeting of shareholders
May 29th, 2020Annual bondholders meeting
July 30th, 2020Publication interim report 2020
July 30th, 2020Conference call for press and analysts
October 15th, 2020Trading update quarter 3-2020

About RoodMicrotec

RoodMicrotec is a leading independent company for semiconductor supply and quality services. With 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is well-established as a highly valued partner for many companies worldwide. The company provides full-turnkey ASIC services for complex microchips that are customized to handle specific applications for individual customers. In cooperation with strong partners, RoodMicrotec manages the entire development and production flow of ASICs in the target volume, ranging from low quantities up to multiple millions per year. The turnkey solution includes project management, wafer test, assembly, final test, qualification, failure analysis and logistics. All services comply with the industrial and quality requirements of the high reliability, aerospace, automotive, healthcare and industrial sectors. RoodMicrotec’s headquarter is located in Deventer, Netherlands, with operational units in Nördlingen and Stuttgart, Germany.

For more information visit https://www.roodmicrotec.com

Further information

Martin Sallenhag - CEO, Arvid Ladega - CFO
Telephone: +31 570 745623           Email: investor-relations@roodmicrotec.com       Web: 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.

This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. The company’s managing director and CEO Martin Sallenhag, is responsible for arranging the release of this document on behalf of RoodMicrotec.

Attachments

Source(s) : RoodMicrotec N.V.

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