RoodMicrotec reports preliminary total income of EUR 14.5 million for 2021
27 Januar 2022 - 7:49AM
RoodMicrotec reports preliminary total income of EUR 14.5 million
for 2021
- Preliminary total income for 2021
of EUR 14.5
million exceeds the
outlook
- Highest total income since 2011
showing an excellent recovery over last year
- Persistently improved
cash position
Deventer,
January 27, 2022
– RoodMicrotec N.V., a leading independent company
for semiconductors supply and quality services, today publishes the
unaudited preliminary total income for the financial year 2021. The
unaudited preliminary total income for 2021 amounts to EUR 14.5
million, which is 22% higher than in 2020 (EUR
11.9 million). This is the highest total income since 2011 and
it shows that RoodMicrotec is continuing to grow in the
future-oriented markets. In the second half of 2021, the unaudited
preliminary total income was EUR 7.2 million - an increase of
11% compared to the second half of 2020 (EUR 6.5 million).
In the first half of 2021, we ordered and
received wafers for one of our SCM customers to manage the supply
chain during a planned change of an assembly house. About EUR 0.4
million has been realized for these wafers as total income and
approximately the same amount has been accounted for in the cost
for raw materials and consumables. This results in a higher total
income and a higher cost of materials in 2021, without an impact on
the net profit. The parts will be delivered during the first half
of 2022, where only part of the selling price will be recognized in
the total income. The total income will therefore be reduced, but
the impact on the net profit will be positive.
“We were expecting a significant increase in
total income in 2021 and managed to outperform our expectations by
focusing on our core business and services. Last year, we continued
to serve our customers with our usual high quality and precise
deliveries”, says Martin Sallenhag, CEO of RoodMicrotec. “We are
very pleased with the overall Company development during 2021 and
expect that the increase in total income will continue in 2022. The
cash situation makes it possible for us to invest in capacity and
capability to meet the increasing demand from the market and our
customers.”
Throughout 2021, the Test Operations unit showed
a sharp increase, which was related to the general up-swing in the
market and the excellent position RoodMicrotec has with its
customers. The Supply Chain Management unit also showed a strong
increase compared to last year. Some of the new projects have not
yet been moved into volume production due to the COVID-19 pandemic.
In the second half of 2021, we also saw a decrease in total income
compared to the first half of 2021 due to the world-wide shortage
of components and raw materials in the semiconductor industry.
RoodMicrotec has put actions in place to mitigate the impacts as
far as possible. In 2021, the Qualification & Failure Analysis
unit saw a decrease compared to 2020 due to the delayed start of
new projects. Some of these delayed projects started in the second
half of 2021, so the total income in this unit increased compared
to the first half of 2021.
Total income by
operational unit for the
financial year 2021 compared to
the financial year
2020:
(x € 1,000) |
FY 2021 |
FY 2020 |
Change |
Supply Chain Management |
3,364 |
2,659 |
27% |
Test Operations |
7,938 |
5,429 |
46% |
Qualification & Failure
Analysis |
3,230 |
3,786 |
-15% |
|
|
|
|
TOTAL |
14,532 |
11,874 |
+22% |
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. 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.
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,
conditions of the worldwide semiconductor industry, interest rates,
exchange rates and amendments to statutory laws and regulations.
The Board of Management of RoodMicrotec cannot guarantee that its
expectations will materialize. Furthermore, RoodMicrotec does not
accept any obligation to update the statements made in this press
release.
Financial calendar
April 21, 2022 |
Publication annual report 2021 |
April 21, 2022 |
Conference call for press and analysts |
April 21, 2022 |
Trading update quarter 1-2022 |
June 9, 2022 |
Annual General Meeting of shareholders |
July 21, 2022 |
Publication interim report 2022 |
July 21, 2022 |
Conference call for press and analysts |
October 13, 2022 |
Trading update quarter 3-2022 |
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 headquarter is 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.
- 2022 01 27_RoodMicrotec-Preliminary Total Income 2021_E
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