Zwolle - 12 April 2018 First quarter sales rises 17% compared to Q1 2017 Significant increase in sales revenue in Supply Chain Management and Test Operations Good position for continuing growth of business RoodMicrotec N.V., the leading independent ...
Zwolle - 12 April 2018
- First quarter sales rises 17% compared to Q1 2017
- Significant increase in sales revenue in Supply Chain Management and Test Operations
- Good position for continuing growth of business
RoodMicrotec N.V., the leading independent company for semiconductors supply and quality services, reports a 17% year-on-year increase in sales revenue, due to its strong order backlog and high utilization rate. Revenues significantly increased in the business units Supply Chain Management (SCM) and Test Operations. This is due to the moving of long-term projects into production and thus, generating revenue in both of these areas. New projects are also coming up, which will enable the company to continue its business growth in all areas. In view of the positive start of the year, RoodMicrotec is now in a good position to continue the business growth and maintain its path towards profitability.
Martin Sallenhag, CEO: "It's very encouraging to see the new strategy paying off. The increase in SCM enables significant growth in the other business units, especially Test Operations. We are continuing to prepare ourselves for future revenue increases by cautiously recruiting new staff in strategic areas such as Failure Analysis and Test Operations. We also keep reviewing all our operating expenses to maintain the lean operation we now have in place."
RoodMicrotec expects a continuing revenue increase over the next years and projects the revenue in 2020 to be approximately EUR 18 million. The results will continue to improve and the company expects to report yearly positive net results.
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, healthcare, industrial and electronics sectors.
Our integrated quality management system is based on international DIN EN ISO 9001:2015 standards. In addition, our quality management is broadly consistent with the Automotive Specification ISO/TS 16949. 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 https://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 for the release of this document on behalf of RoodMicrotec.
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
Source(s) : RoodMicrotec N.V.
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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 MarketsZwolle, 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. ...