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: info@roodtechnology.com Web-site:www.roodmicrotec.com
[HUG#1429738]
PDF-Version of graphic "Sales Revenue Index": http://hugin.info/130789/R/1429738/376760.pdf
Complete Press Release as PDF: http://hugin.info/130789/R/1429738/376761.pdf
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Source: RoodMicrotec N.V. via Thomson Reuters ONE
