RoodMicrotec achieves strong sales growth in first half 2010

The provisional sales for the first half of 2010 of ? 7.328 million grew strongly by 32.1% compared to the first half of 2009 (HY1 2009: ? 5.547 million). We realised growth rates of 42% and 176% respectively in the business units Test and Supply Chain Management. The Qualification & Reliability Investigation business unit showed limited growth (+1%), while Failure & Technology Analysis and Test Engineering fell by -11% and -42% respectively. The first months of 2010, the market recovery was largely limited to existing services. New developments of our customers continue to be postponed; resulting in Test Engineering especially lagged behind budget in the first months of the past half year. We expect that under normal conditions these services will show growth in the second half of 2010. However, as stated earlier, this sales growth will not be as significant as in Test and Supply Chain Management. Sales by business unit in the first half of 2010 vs. first half of 2009 (x EUR 1000)                   HY1 2010          HY1 2009         Change Test                          3,319           2,337      +42% Supply Chain Management            1,791           0,650       +176% Failure & Technology Analysis         0,753           0,845      -11% Test Engineering                  0,349           0,606      -42% Qualification & Reliability Investigation    1,116           1,109      +1% Total                          7,328           5,547      +32% 'I am pleased to find that we have achieved strong growth (see table) in line with market developments. Admittedly, we are not yet growing in all sectors, but the total number of order applications and the total order intake are encouraging. I expect our engineering capacity to be fully in use in the near future,' Philip Nijenhuis, CEO of RoodMicrotec, commented. Measures taken We have extended capacity in Test and will extend it further by means of rationalisation. In Test Engineering, we have reduced working time.  This has enabled us to partially relieve undercapacity resulting from postponement of engineering contracts. Outlook Based on the developments in the first half of 2010 we expect sales to increase further, barring unforeseen circumstances. The sales growth in the full year 2010 will lead to an improvement of the result and the cash position in the second half of 2010. In the long term, we consider an average annual sales increase of between 5% and 15% to be realistic. Financial agenda 2010/2011 31 August 2010         Publication interim report 2010 31 August 2010         Conference call for press and analysts 11 November 2010       Publication trading update 11 January 2011         Publication sales figures full year 2010 24 February 2011        Publication annual figures 2010 24 February 2011        Conference call for press and analysts 10 March 2011          Publication annual report 2010 24 March 2011          Annual general meeting of shareholders 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 40 years' experience as an independent value-added microelectronics and optoelectronics service provider, RoodMicrotec offers a one-stop shopping proposition to fabless companies, OEMs and other business partners. RoodMicrotec has built up a strong position in Europe with its powerful solutions. Its services comply with the highest industrial and quality requirements as demanded by the high-reliability/aerospace, automotive, telecommunications, medical, IT and electronics sectors. 'Certified by RoodMicrotec' concerns certification of products inter alia to the stringent ISO/TS 16949 standard for suppliers to the automotive industry. The company has an accredited laboratory for testing and calibration activities in accordance with the ISO/IEC 17025 standard. The value-added services include failure & technology analysis, qualification & monitoring burn-in, test- & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training, quality & reliability consulting, supply chain management and total manufacturing solutions with partners. RoodMicrotec has facilities in Germany (Dresden, Nördlingen, Stuttgart) and in the Netherlands (Zwolle). For further information: Philip Nijenhuis, CEO           Phone: +31 38 4215216        Fax: +31 38 4216410 Correspondence address: RoodMicrotec N.V., P.O. box 1042, 8001 BA  Zwolle, The Netherlands E-mail: [HUG#1429738] PDF-Version of graphic "Sales Revenue Index": Complete Press Release as PDF: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction for further distribution is prohibited. Source: RoodMicrotec N.V. via Thomson Reuters ONE