RoodMicrotec - Sales Growth Outpacing Semiconductor Market on Strong Order Book

Montag, 28.11.2016 08:20

Zwolle - November 28th 2016

Sales revenue growth at RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, is expected to outpace growth of the underlying global semiconductor market over the next four years.  This development comes on the back of a strong forward order book, particularly in supply chain management (SCM) projects.
The company told investors at a briefing on Wednesday marking its 30th anniversary, that six SCM projects will be entering the manufacturing phase by 2020 and contribute between eight and twelve million Euros in sales revenue.

Reinhard Pusch, RoodMicrotec COO said: "We are seeing heightened market interest in RoodMicrotec's capabilities as a provider of SCM turnkey solutions, so it makes strategic sense to focus on this area as our core business."

The global semiconductor market is forecast to decline 3.2% over 2016 due to geopolitical upheavals and while RoodMicrotec was adversely affected by this development the company still expects to achieve overall positive revenue growth for the full year.

Vic Tee, Chairman of the Supervisory Board for RoodMicrotec said: "We expect a positive sales growth in 2016, which is below our initial objectives, but will be a very healthy result in current market conditions."

RoodMicrotec is also maintaining its previous guidance on a forecast 75% increase in sales revenue growth by 2020 from 2015. In addition to the current projects, there are three additional SCM projects under negotiation which could start in 2017 and generate between five and eight million Euros of sales revenue during the next 7 years.

ENDS

Note:
RoodMicrotec's investors presentation has been published on the company's website: www.roodmicrotec.com

About RoodMicrotec
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, medical, industrial and electronics sectors.

Certified by RoodMicrotec concerns inter alia certification of products to the stringent ISO/TS 16949 standard that applies to suppliers to the automotive industry. 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 http://www.roodmicrotec.com

Further information
Martin Sallenhag CEO; Reinhard Pusch COO; Vic Tee chairman of the Supervisory Board; Philip Nijenhuis member of Supervisory Board; Arvid Ladega CFO.

Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA Zwolle

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.




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Source: RoodMicrotec N.V. via Globenewswire