Trading Update: RoodMicrotec announces total income for the third quarter of 2020
15 Ottobre 2020 - 7:45AM
Trading Update: RoodMicrotec announces total income for the third
quarter of 2020
- Total income for the third quarter was EUR 3.0 million
(2019: EUR 3.1 million)
- Cash position maintained at a good level
- Book-to-bill ratio was above one for the third
quarter
Deventer, 15th October 2020 –
RoodMicrotec N.V., a leading independent company for semiconductors
supply and quality services, today releases its trading update for
the third quarter of 2020. The total income for the quarter was EUR
3.0 million, which is in line with the total income for the third
quarter of 2019. COVID-19 is still impacting the business of
RoodMicrotec, but the short-term demand from our customers is back
to the level of last year. The leading indicator, the book-to-bill
ratio, was above one for the third quarter after a drop in the
second quarter. For the first 9 months of 2020, the total
book-to-bill ratio is above one.
“We are continuing our tight control of
operational expenses and are pleased to see that the cash position
at the end of the third quarter is maintained at a good level”,
says Martin Sallenhag, CEO of RoodMicrotec. “These measures along
with the level of total income have generated a quarter with
break-even net result which is very encouraging.”
RoodMicrotec is maintaining a very tight control
of the personnel expenses through short-time work when appropriate
and possible, as well as a temporary salary waiver of the
management. All operational expenses 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 are necessary.
Outlook
At this stage, it is still not possible to
forecast either the duration of the COVID-19 disruption or the
impact of the currently increasing number of new COVID-19
infections in Europe. If there are no further lock-downs,
RoodMicrotec expects to generate a total income in the range of EUR
3.2 million to EUR 3.6 million in the fourth quarter of 2020, thus
offsetting the temporary drop in total income compared to 2019. The
second-half of the year is then expected to generate a positive net
result.
About RoodMicrotec
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 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.
- 2020 10 15_Trading Update Q3-2020_E
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