Trading Update: RoodMicrotec announces total income for the first quarter of 2022
12 Avril 2022 - 8:12AM
Trading Update: RoodMicrotec announces total income for the first
quarter of 2022
- Total
income for the first quarter of 2022
was EUR 3.6
million (first
quarter 2021: EUR 3.8
million)
-
Cash position further
improved in the first quarter of
2022
- Order
book value increased with 16% compared to March
31, 2021
Deventer,
April 12,
2021 – RoodMicrotec N.V., a
leading independent company for semiconductors supply and quality
services, today releases its trading update for the first quarter
of 2022. The total income for the quarter was EUR 3.6 million,
which is 5% lower than the total income in the first quarter of
2021. In the first quarter of 2021, the total income included work
in progress of EUR 0.5 million for SCM project preparations. With
this adjustment, the total income for the first quarter of 2022
rose by 9% compared to the first quarter of 2021.
“The cash position at the end of the first
quarter of 2022 has further improved compared to the end of 2021
thanks to the increased total income and a continued tight control
of operational expenses”, says Martin Sallenhag, CEO of
RoodMicrotec. “The increase of the total income in the first
quarter, adjusted for work in progress movements, compared to 2021
also shows that the company is focusing on the right markets,
customers and services.”
With the forecasted increase of total income in
2022 over last year, it is encouraging to see that the order book
value continues to increase. The order book contains orders for
both long term contracts and engagements as well as short term
orders. The long term contracts and engagements are mainly in the
SCM and Test Operations units and the short term orders are mainly
in the Failure Analysis & Qualification unit. RoodMicrotec is
maintaining a very tight control of all expenses, and only
absolutely necessary costs for delivering our high-quality services
to the customers are approved. Additional capital investments are
also reviewed in detail to make sure they are done to either
increase capacity or to add new capabilities to the service
portfolio.
Outlook
RoodMicrotec expects the total income in 2022 to
be in the range of EUR 15.0 million to
EUR 15.6 million with a positive result before tax. The
current situation in the world regarding lead-times for wafers and
packaging as well as shipment delays may impact the ability to
achieve the expected total income. The war in Ukraine could also
have an impact on the business but in the short term we don’t see
any significant impacts. RoodMicrotec is keeping a close eye on the
situation and is doing everything possible to mitigate any
impact.
Audit
The financial data in this press release have
not been audited.
About RoodMicrotec
RoodMicrotec is a leading independent company
for semiconductor supply and quality services. With more than 50
years of experience in the semiconductor and electronics industry,
RoodMicrotec is well-established as a highly valued partner for
many companies worldwide. The Company provides full-turnkey ASIC
services for complex microchips that are customized to handle
specific applications for individual customers. In cooperation with
strong partners, RoodMicrotec manages the entire development and
production flow of ASICs in the target volume, ranging from low
quantities up to multiple millions per year. The turnkey solution
includes project management, wafer test, assembly, final test,
qualification, failure analysis and logistics. All services comply
with the industrial and quality requirements of the high
reliability, aerospace, automotive, healthcare and industrial
sectors. RoodMicrotec’s headquarters are located in Deventer,
Netherlands, with operational units in Nördlingen and Stuttgart,
Germany
For more information visit
https://www.roodmicrotec.com
Further information
Martin Sallenhag - CEO, Arvid Ladega –
CFOTelephone: +31 570
745623 Email:
investor-relations@roodmicrotec.com Web:
www.roodmicrotec.com
This press release is published in English 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 the release
of this document on behalf of RoodMicrotec.
- 2022 04 12_RoodMicrotec-Trading Update Q1-2022_E
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