- • Total income for the first quarter 2021 was EUR 3.8 million (first quarter 2020: EUR 2.9 million)
• Strong improvement in cash position in the first quarter of 2021
• Book-to-bill ratio maintained above one
RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today releases its trading update for the first quarter of 2021. The total income for the quarter was EUR 3.8 million, which is 31% higher than the total income in the first quarter of 2020. This revenue growth is driven by an overall strong delivery level, as well as an exceptional high level of work in progress (EUR 0.5 million) for SCM project preparations. This is done to manage the supply chain during a planned shift of an assembly house, to secure the continued deliveries of these products for the rest of 2021.
“We are continuing our tight control of operational expenses and are pleased to see that the cash position at the end of the first quarter, compared to the end of 2020, further improved”, says Martin Sallenhag, CEO of RoodMicrotec. “It is also very encouraging to see a continued high demand from our customers which results in a high level of total income and a book-to bill ratio above one.”
The COVID-19 situation is still impacting the business of RoodMicrotec, but the demand from our customers is back at a reasonable level. RoodMicrotec is maintaining a very tight control of the personnel expenses as well as operational expenses, which are reviewed in detail and only absolutely necessary costs for delivering our high-quality services to the customers are approved. There is still sufficient capacity within the operational departments, so no additional capital investments will be necessary in the near future.
Currently, it is still not possible to forecast the duration of the COVID-19 disruption, the impact of the increasing number of infections in Europe or the impact of the worldwide logistics situation. With the present visibility, RoodMicrotec expects a total income in the range of EUR 12.8 million to EUR 13.4 million in 2021. The profit before tax in 2021 is expected to be in the range of 2% to 4% of the total income.
The financial data in this press release have not been audited.
RoodMicrotec is a leading independent company for semiconductor supply and quality services. With 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.
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CEO, Arvid Ladega – CFO
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