General state of affairs
In the first four months of 2011, RoodMicrotec`s turnover rose by over 15% compared to the same period last year, exceeding the growth of the global semiconductor market of approx. 9% in the first four months of 2011 compared to the same period last year.
The increase was mainly due to Test and Failure & Technology Analysis, which realised over 20% turnover growth. In Supply Chain Management the increase was over 10%. Qualification & Reliability lagged behind with an approx. 10% decrease, while Test Engineering remained stable.
The equipment load in the first four months increased by over 10%; in some sectors there is still spare capacity for future orders.
Applications also increased further in the period referred to above. This is an important development with a view to the second half of 2011.
The gross margin increased by approx. 5% due to lower purchasing costs, while personnel costs increased marginally due to the higher turnover. This resulted in a 4% increase of operating costs.
Due to the developments described, the result for the first four months of 2011 was very positive.
Mr Norbert Wirth has joined the board of RoodMicrotec. We are convinced that his broad experience will contribute significantly to the company`s development.
As of April this year we have discontinued short-time working; our engineers are currently fully deployed. If needed, we may use this scheme again in the future, but we presently have no plans to do so.
The company`s solvency improved further in recent months due to the positive result in combination with a lower balance sheet total caused by a decrease of short-term debts and outstanding claims on debtors.
The improvement of our net debt position, our working capital and debt ratio we are in a very strong position.
Proposal to appoint supervisory director
RoodMicrotec intends to appoint Mr W.H.C. (Wil) Fluit as a member of the supervisory board.
Mr Fluit has over 40 years` experience in the international semiconductor industry. For example, he worked as Director & Vice President Assembly & Test Memory Division with Siemens Semiconductors Germany and as Managing Director, Vice President & Country Manager Infineon Technologies Malaysia and member of Global Management Team.
Currently he is active as an independent consultant, and Advisory Board Member of Advanced Packaging Centre in The Netherlands.
The board of management and the supervisory board are pleased to welcome Mr Fluit and are convinced that his knowledge and experience will be of great benefit to RoodMicrotec.
His appointment to the supervisory board of RoodMicrotec will be put to an extraordinary general meeting of shareholders to be held in Zwolle at Dokter van Deenweg 58 on 30 June 2011 at 10 am.
`I have known Mr Fluit for many years. We first met in the time during the time he was in charge of Infineon Malaysia. In that time, I grew to greatly appreciate his strong direction of the company`s growth. This is why I am proud that he is willing to lend his services to RoodMicrotec,` Mr Philip Nijenhuis, CEO of RoodMicrotec, said.
`In view of RoodMicrotec`s ambitions for the next few years we welcome this strengthening of the specific knowledge of the industry and operational experience within the supervisory board,` chairman of the supervisory board of RoodMicrotec Mr Jan Stolker added.
`I am very honoured with the invitation to join the supervisory board of RoodMicrotec. With my experience of the global semiconductor industry I hope to be able to contribute to the further development of the company,` Mr Fluit said.
Mr Fluit`s curriculum vitea will be published on our website.
Outlook for 2011
Based on the most recent developments and our customers` expectations, we anticipate a positive development in line with the outlook published earlier. We further anticipate, also in line with the outlook, an improvement of the financial results through ongoing focus on the operating result and net result.
Financial agenda 2011 / 2012
|30 June 2011||Extraordinary shareholders meeting|
|7 July 2011||Publication sales figures first half 2011|
|31 August 2011||Publication interim report 2011|
|31 August 2011||Conference call for press and analysts|
|10 November 2011||Publication trading update|
|10 January 2012||Publication sales figures full year 2011|
|23 February 2012||Publication annual figures 2011|
|23 February 2012||Conference call for press and analysts|
|9 March 2012||Publication annual report 2011|
|26 April 2012||Annual general meeting of shareholders|
|15 May 2012||Publication trading update|
|10 July 2012||Publication sales figures first half 2012|
|31 August 2012||Publication interim report 2012|
|31 August 2012||Conference call for press and analysts|
|15 November 2012||Publication trading update|
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.
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 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).
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: RoodMicrotec N.V. via Thomson Reuters ONE