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
http://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
