RoodMicrotec N.V. publishes 2022 annual report with audited financial
statements
Rood Microtec shows strong financial performance for the year 202 2 . Total
income of EUR 1 6 .5 m illion with an EBITDA of EUR 3 . 9 million N et profit
of EUR 2 .4 million Cash flow from operating activities of EUR 3. 6 million
Deventer, April 2 0 , 20 2 3 – RoodMicrotec N.V., a leading independent
company for semiconductors supply and quality services, today publishes the
Company’s Annual Report for the financial year 2022 including the audited
consolidated and company financial statements. The 2022 Annual Report is
available for download on the corporate website:
www.roodmicrotec.com/en/investor-relations-en/financial-publications .
The total income for 2022 amounted to EUR 16.5 million, which is 14% higher
than in 2021 (EUR 14.5 million) resulting in a second consecutive year with
double-digit growth. Notably, this is the highest total income since 2000, and
it shows that RoodMicrotec is focusing on the right fast-growing
future-oriented markets.
“Once again, we managed to exc eed the outlook and deliver a higher total
income as well as a higher profit. In the first and second quarter of 2022, we
generated a total income that was similar to the fourth quarter of 2021, which
was a very good start of the year” , says Martin Sallenhag, CEO of
RoodMicrotec. “In the third and fourth quarter of 2022, we saw a steady
increase in total income making the full year the best in over 20 years. The
profit before tax for the year as well as the overall liquidity put us in a
good position for future investments in machinery and se r vices . This allows
us to focus on growing the business with new customer engagements.”
Throughout the year, the Test Operations department continued to deliver
outstanding results. The total income increased from EUR 7.9 million in 2021 to
EUR 10.0 million in 2022, which is a growth of 26%. Our long term customers are
increasing their demand and we are able to support them with additional
capacity. In 2022, we have added both manpower and new machines to support the
expanding business.
The Supply Chain Management unit is growing thanks to long-term projects. The
total income increased from EUR 3.4 million in 2021 to EUR 3.5 million in 2022,
a growth of 5% year-over-year. This is also driving turnover in the other
units, especially in the Test Operations department.
In the Qualification & Failure Analysis department we have seen a big increase
in request for counterfeit analysis. Due to the shortage of components, it is
becoming more important to analyze the used components before going into mass
production. RoodMicrotec is the first and only company in Germany to offer the
counterfeit electronic parts standard SAE AS6081 as an accredited method
according to DIN EN ISO/IEC 17025:2018.
202 2 HIGHLIGHTS / MAIN DEVELOPMENTS
Financials Total income: EUR 16.5 million (2021: EUR 14.5 million). EBITDA:
EUR 3.9 million (2021: EUR 2.8 million). Balance sheet total: EUR 17.2 million
(2021: EUR 15.0 million). Net result: EUR 2.4 million profit (2021: EUR 1.4
million profit). Net cash flow from operating activities: EUR 3.6 million
(2021: EUR 2.0 million).
Commercial/operational RoodMicrotec has continued to expand its services in
the areas defined in the Company’s technology roadmap. High frequency test
solutions are being developed for our demanding customers based on this new
technology and their demand for production test. The first projects to qualify
high power electronics according AQG 324 have been started in the
Qualification & Failure Analysis department. These new services have been added
to handle high power devices aimed for battery management and control.
RoodMicrotec and Rohde & Schwarz have been working together for over 10 years
and in this period RoodMicrotec has carried out the test development for
various high frequency ASICs used by Rohde & Schwarz in their products.
RoodMicrotec performs wafer and component level tests as well as qualifications
prior to product launch. For the coming years, further projects of this kind
are already scheduled. The world leader in UWB (Ultra-Wideband) sensing
solutions, Novelda, and RoodMicrotec have reached an agreement on
qualification, test, and supply of a new generation of UWB devices. The
Ultra-Wideband Sensor can detect the tiniest movements, even breathing and
heartbeat. The cooperation with RoodMicrotec as European partner enables
Novelda to manage faster qualification and industrialization of new products.
Effective collaboration, both on engineering and management level, and
combining each partner’s expertise is allowing ‘first time right’ development
of test solutions, qualification processes, and the rapid launch of production
testing and supply. The order book is at a higher level than in the beginning
of the year, even though the total income was higher than budgeted. This means
that the book-to-bill ratio was above 1 for the year. During 2022, we have
continued to progress the booked SCM projects towards production through test
program development as well as qualification work. Some projects have been
released for production and we start to see the first volumes for these
customers. The turn-key project for a Swiss customer, which includes the design
of an ASIC by a design house partner, packaging of the device in Asia,
qualification, and in-house test development, is progressing well. The volume
production for this device will be launched early in 2023 in the RoodMicrotec
facility in Nördlingen. The nationally and internationally funded APPLAUSE
project “Advanced packaging for photonics, optics and electronics for low cost
manufacturing in Europe,” fosters the European semiconductor value chain by
building new tools, methods and processes for high volume manufacturing.
RoodMicrotec has taken over the leadership of the work package “testing,
reliability, failure analysis and metrology”. The project has delivered
exceptional results with significant immediate or potential impact. The
progress over the last period was convincing. As a full and final settlement of
the 2012 perpetual bond, RoodMicrotec GmbH has paid Robus a total settlement
amount of EUR 400k nominal, i.e. without any interest, in two equal nominal
installments of EUR 200k on February 28, 2022 and June 30, 2022. This final
settlement has been reached before and confirmed by the Regional Court of
Hamburg in February 2022.
Events after balance sheet date RoodMicrotec GmbH has entered into an
agreement for a full and final settlement with Prime Capital Debt SCS,
SICAV-FIS – Robus Recovery Sub-Fund (“Robus”) regarding the perpetual bond that
RoodMicrotec GmbH issued in 2010 and which is held by Robus.
Following an oral hearing held on March 7, 2023, both parties have reached
agreement on a full and final settlement that was reached before and confirmed
by the Regional Court of Frankfurt am Main. Pursuant to the settlement,
RoodMicrotec GmbH shall pay a total amount of EUR 2,194k (110% of the nominal
value of the perpetual bond issued in 2010), in four equal installments of
EUR 548k, by March 31, June 30, September 30, and December 31, 2023.
Key figures (x EUR 1,000 unless stated otherwise) 2022 2021 Results & Cash
Total income 16,548 14,532 EBITDA 3,898 2,786 EBITDA as % of total income 23.6%
19.2% EBIT (operating result) 2,451 1,227 EBIT as % of total income 14.8% 8.4%
Profit (loss) before tax 2,271 1,038 PBT as % of total income 13.7% 7.1% Net
result 2,380 1,435 Net cash position (year-end) 3,682 2,558 Net cash flow from
operating activities 3,553 2,049 Capital, Debt & Liquidity Ratios (at year-end)
Total assets 17,197 15,014 Equity 7,850 5,583 Net debt 1 -805 374 Invested
capital (net debt + equity) 7,045 5,957 Gearing ratio (net debt / invested
capital) -11% 6% Solvency (equity / total assets) 46% 37% Debt ratio (net debt
/ EBITDA) -0.2 0.1 Net working capital (working capital - net cash position)
211 317 Net working capital ratio (net working capital / total income) 1.3%
2.2% ROCE (EBIT / average invested capital) 37.7% 21.0% Assets (at year-end)
Tangible and intangible fixed assets 8,765 8,295 Investments in (in)tangible
fixed assets 1,743 681 Depreciation of (in)tangible fixed assets 1,447 1,559
Data per share (x EUR 1) Equity 0.105 0.074 Operating result 0.033 0.016 Net
cash flow from operating activities 0.047 0.027 Net result 0.032 0.019 Share
price: year end 0.205 0.201 Share price: highest in the year 0.215 0.267 Share
price: lowest in the year 0.171 0.176 Other information Number of issued shares
at year end (in millions of shares) 75.1 75.1 Average number of employees (FTE)
94 89 Total income / average FTE 176 163 Market capitalization (in EUR
millions) 15.4 15.1
Total income and result
In 2022, RoodMicrotec’s total income of EUR 16.5 million was 14% higher than
in 2021 (2021: EUR 14.5 million), with 92% of its total sales effected in the
European countries.
Total income from the Automotive sector increased by 18% to EUR 8.1 million in
2022 (2021: EUR 6.9 million) and represents 49% of the total income. Total
income in the Industrial / Medical sector increased by 7% to EUR 6.7 million in
2022 (2021: EUR 6.3 million) and represents 40% of the total income. The HiRel
/ Aerospace segment declined by 8% to EUR 0.8 million (2021: EUR 0.9 million)
and with 5% only represents a small percentage of the total income. The income
in this sector mainly consists of failure analysis and qualification work and
this is very much depending on our customers’ design cycles. Total income in
other sectors increased by 105% to EUR 0.9 million (2021: EUR 0.5 million).
Total income by market sector: (x EUR 1,000) 2022 2021 change Automotive 8,094
6,886 17.5% Industrial / Medical 6,683 6,270 6.6% HiRel / Aerospace 849 926
-8.3% Others 922 450 104.9% Total 16,548 14,532 13.9%
Throughout 2022, the Test Operations unit showed a strong increase, which was
related to the superior services and the excellent position RoodMicrotec has
with its existing and new customers. The Supply Chain Management unit showed a
limited increase compared to last year. The sharp increase in the second half
of 2022 compared to the first half of 2022 was due to a higher demand for
existing products as well as the production ramp-up in the context of new
long-term contracts. In 2022, the Qualification & Failure Analysis unit saw a
decrease compared to 2021. However, the total income for the second half of
2022 was 9% higher than for the first half of 2022, which shows that new
customer projects are now starting.
Total income results per operational unit: (x EUR 1,000) 2022 2021 change
Supply Chain Management 3,533 3,364 5.0% Test Operations 10,035 7,938 26.4%
Qualification & Failure Analysis 2,980 3,230 -7.7% Total 16,548 14,532 13.9 %
Operating result
The Company recorded an operating result for 2022 of EUR 2.5 million compared
to EUR 1.2 million in 2021, and thus an increase of 99.8%. The increase in
total income only led to a modest rise of expenses forraw materials and
consumables (in 2021, expenditures for raw materials and consumables were
exceptionally high due to a high level of wafer deliveries). Combined with a
lower increase in operating expenses than in total income, this led to an
increase in the operating margin from 8.4% in 2021 to 14.8% in 2022.
Net result
The Company recorded a net result of EUR 2.4 million profit for 2022, which is
an increase of 65.9% compared to 2021.
Personnel and organization
During 2022, RoodMicrotec continued to optimize the organization to keep track
with the changing demands from customers and markets. Furthermore, highly
experienced personnel has been recruited for support of the Company’s future
plans. The average number of full-time employees (FTE) in 2022 was 94. Total
income per average full-time employee increased to EUR 176,000 from EUR 163,000
in 2021. RoodMicrotec’s policy is to strive for growth of sales per FTE.
Looking back, RoodMicrotec got through the COVID-19 period very well and
without any material impact on staffing levels. The measures taken with facial
masks, distance between the working places, home offices, and general care,
offered a safe environment for all employees.
Outlook
RoodMicrotec expects the total income for 2023 to be in the range of
EUR 17.0 million to EUR 17.5 million, with a profit before tax of 5-10% and
thus in line with the financial targets. The geopolitical situation in the
world and the current energy crisis throughout Europe could have an impact on
the Company’s business. The Management is keeping a close eye on the situation
and is doing everything possible to mitigate any potentially negative impact.
Conference call
You are invited to take part in RoodMicrotec’s conference call for
shareholders, financial press, and analysts via Microsoft TEAMS on
Thursday, April 20, 2023 at 9:30 CEST .
The Board of Management, Martin Sallenhag and Arvid Ladega, will comment on
the Annual Report 2022 in detail and will answer your questions.
To join the event please follow these login instructions:
Join with your computer or mobile app Click here to join the meeting
Or call in (audio only)
+49 69 509544247 Germany, Frankfurt am Main
+31 20 399 9804 The Netherlands, Amsterdam
+32 2 895 09 68 Belgium, Bruxelles
+41 43 217 23 02 Switzerland, Zurich
Find a local number – in case you are in another country
Phone Conference ID: 124 673 558#
Annual General Meeting of Shareholders
The Annual General Meeting of Shareholders of the Company will be held on
Tuesday, June 6, 2023 at 15:00 CEST at the Amsterdam Stock Exchange (EURONEXT),
Beursplein 5, 1012 JW Amsterdam, the Netherlands.
The convening notice (including registration and voting instructions) and the
agenda with explanatory notes, as well as all other meeting documents for the
AGM, including the 2022 Annual Report and the 2023 Remuneration Policy are
available for download on our corporate website:
www.roodmicrotec.com/en/investor-relations-en/annual-general-meeting .
Financial calendar June 6, 2023 Annual general meeting of shareholders July
20, 2023 Publication interim report 2023 July 20, 2023 Conference call for
media, analysts and shareholders October 19, 2023 Trading update quarter 3-2023
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, 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.
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 - CFO
Telephone: +31 570 745623 Email: investor-relations@roodmicrotec.com
Web: www.roodmicrotec.com
This press release is published in English only.
1 net debt includes lease liabilities
Anhänge 2023 04 20_RoodMicrotec-YE Result - AR 2022_E 2022 annual report
RoodMicrotec-webRoodMicrotec N.V. publishes 2022 annual report with audited financial
statements
Rood Microtec shows strong financial performance for the year 202 2 . Total
income of EUR 1 6 .5 m illion with an EBITDA of EUR 3 . 9 million N et profit
of EUR 2 .4 million Cash flow from operating activities of EUR 3. 6 million
Deventer, April 2 0 , 20 2 3 – RoodMicrotec N.V., a leading independent
company for semiconductors supply and quality services, today publishes the
Company’s Annual Report for the financial year 2022 including the audited
consolidated and company financial statements. The 2022 Annual Report is
available for download on the corporate website:
www.roodmicrotec.com/en/investor-relations-en/financial-publications .
The total income for 2022 amounted to EUR 16.5 million, which is 14% higher
than in 2021 (EUR 14.5 million) resulting in a second consecutive year with
double-digit growth. Notably, this is the highest total income since 2000, and
it shows that RoodMicrotec is focusing on the right fast-growing
future-oriented markets.
“Once again, we managed to exc eed the outlook and deliver a higher total
income as well as a higher profit. In the first and second quarter of 2022, we
generated a total income that was similar to the fourth quarter of 2021, which
was a very good start of the year” , says Martin Sallenhag, CEO of
RoodMicrotec. “In the third and fourth quarter of 2022, we saw a steady
increase in total income making the full year the best in over 20 years. The
profit before tax for the year as well as the overall liquidity put us in a
good position for future investments in machinery and se r vices . This allows
us to focus on growing the business with new customer engagements.”
Throughout the year, the Test Operations department continued to deliver
outstanding results. The total income increased from EUR 7.9 million in 2021 to
EUR 10.0 million in 2022, which is a growth of 26%. Our long term customers are
increasing their demand and we are able to support them with additional
capacity. In 2022, we have added both manpower and new machines to support the
expanding business.
The Supply Chain Management unit is growing thanks to long-term projects. The
total income increased from EUR 3.4 million in 2021 to EUR 3.5 million in 2022,
a growth of 5% year-over-year. This is also driving turnover in the other
units, especially in the Test Operations department.
In the Qualification & Failure Analysis department we have seen a big increase
in request for counterfeit analysis. Due to the shortage of components, it is
becoming more important to analyze the used components before going into mass
production. RoodMicrotec is the first and only company in Germany to offer the
counterfeit electronic parts standard SAE AS6081 as an accredited method
according to DIN EN ISO/IEC 17025:2018.
202 2 HIGHLIGHTS / MAIN DEVELOPMENTS
Financials Total income: EUR 16.5 million (2021: EUR 14.5 million). EBITDA:
EUR 3.9 million (2021: EUR 2.8 million). Balance sheet total: EUR 17.2 million
(2021: EUR 15.0 million). Net result: EUR 2.4 million profit (2021: EUR 1.4
million profit). Net cash flow from operating activities: EUR 3.6 million
(2021: EUR 2.0 million).
Commercial/operational RoodMicrotec has continued to expand its services in
the areas defined in the Company’s technology roadmap. High frequency test
solutions are being developed for our demanding customers based on this new
technology and their demand for production test. The first projects to qualify
high power electronics according AQG 324 have been started in the
Qualification & Failure Analysis department. These new services have been added
to handle high power devices aimed for battery management and control.
RoodMicrotec and Rohde & Schwarz have been working together for over 10 years
and in this period RoodMicrotec has carried out the test development for
various high frequency ASICs used by Rohde & Schwarz in their products.
RoodMicrotec performs wafer and component level tests as well as qualifications
prior to product launch. For the coming years, further projects of this kind
are already scheduled. The world leader in UWB (Ultra-Wideband) sensing
solutions, Novelda, and RoodMicrotec have reached an agreement on
qualification, test, and supply of a new generation of UWB devices. The
Ultra-Wideband Sensor can detect the tiniest movements, even breathing and
heartbeat. The cooperation with RoodMicrotec as European partner enables
Novelda to manage faster qualification and industrialization of new products.
Effective collaboration, both on engineering and management level, and
combining each partner’s expertise is allowing ‘first time right’ development
of test solutions, qualification processes, and the rapid launch of production
testing and supply. The order book is at a higher level than in the beginning
of the year, even though the total income was higher than budgeted. This means
that the book-to-bill ratio was above 1 for the year. During 2022, we have
continued to progress the booked SCM projects towards production through test
program development as well as qualification work. Some projects have been
released for production and we start to see the first volumes for these
customers. The turn-key project for a Swiss customer, which includes the design
of an ASIC by a design house partner, packaging of the device in Asia,
qualification, and in-house test development, is progressing well. The volume
production for this device will be launched early in 2023 in the RoodMicrotec
facility in Nördlingen. The nationally and internationally funded APPLAUSE
project “Advanced packaging for photonics, optics and electronics for low cost
manufacturing in Europe,” fosters the European semiconductor value chain by
building new tools, methods and processes for high volume manufacturing.
RoodMicrotec has taken over the leadership of the work package “testing,
reliability, failure analysis and metrology”. The project has delivered
exceptional results with significant immediate or potential impact. The
progress over the last period was convincing. As a full and final settlement of
the 2012 perpetual bond, RoodMicrotec GmbH has paid Robus a total settlement
amount of EUR 400k nominal, i.e. without any interest, in two equal nominal
installments of EUR 200k on February 28, 2022 and June 30, 2022. This final
settlement has been reached before and confirmed by the Regional Court of
Hamburg in February 2022.
Events after balance sheet date RoodMicrotec GmbH has entered into an
agreement for a full and final settlement with Prime Capital Debt SCS,
SICAV-FIS – Robus Recovery Sub-Fund (“Robus”) regarding the perpetual bond that
RoodMicrotec GmbH issued in 2010 and which is held by Robus.
Following an oral hearing held on March 7, 2023, both parties have reached
agreement on a full and final settlement that was reached before and confirmed
by the Regional Court of Frankfurt am Main. Pursuant to the settlement,
RoodMicrotec GmbH shall pay a total amount of EUR 2,194k (110% of the nominal
value of the perpetual bond issued in 2010), in four equal installments of
EUR 548k, by March 31, June 30, September 30, and December 31, 2023.
Key figures (x EUR 1,000 unless stated otherwise) 2022 2021 Results & Cash
Total income 16,548 14,532 EBITDA 3,898 2,786 EBITDA as % of total income 23.6%
19.2% EBIT (operating result) 2,451 1,227 EBIT as % of total income 14.8% 8.4%
Profit (loss) before tax 2,271 1,038 PBT as % of total income 13.7% 7.1% Net
result 2,380 1,435 Net cash position (year-end) 3,682 2,558 Net cash flow from
operating activities 3,553 2,049 Capital, Debt & Liquidity Ratios (at year-end)
Total assets 17,197 15,014 Equity 7,850 5,583 Net debt 1 -805 374 Invested
capital (net debt + equity) 7,045 5,957 Gearing ratio (net debt / invested
capital) -11% 6% Solvency (equity / total assets) 46% 37% Debt ratio (net debt
/ EBITDA) -0.2 0.1 Net working capital (working capital - net cash position)
211 317 Net working capital ratio (net working capital / total income) 1.3%
2.2% ROCE (EBIT / average invested capital) 37.7% 21.0% Assets (at year-end)
Tangible and intangible fixed assets 8,765 8,295 Investments in (in)tangible
fixed assets 1,743 681 Depreciation of (in)tangible fixed assets 1,447 1,559
Data per share (x EUR 1) Equity 0.105 0.074 Operating result 0.033 0.016 Net
cash flow from operating activities 0.047 0.027 Net result 0.032 0.019 Share
price: year end 0.205 0.201 Share price: highest in the year 0.215 0.267 Share
price: lowest in the year 0.171 0.176 Other information Number of issued shares
at year end (in millions of shares) 75.1 75.1 Average number of employees (FTE)
94 89 Total income / average FTE 176 163 Market capitalization (in EUR
millions) 15.4 15.1
Total income and result
In 2022, RoodMicrotec’s total income of EUR 16.5 million was 14% higher than
in 2021 (2021: EUR 14.5 million), with 92% of its total sales effected in the
European countries.
Total income from the Automotive sector increased by 18% to EUR 8.1 million in
2022 (2021: EUR 6.9 million) and represents 49% of the total income. Total
income in the Industrial / Medical sector increased by 7% to EUR 6.7 million in
2022 (2021: EUR 6.3 million) and represents 40% of the total income. The HiRel
/ Aerospace segment declined by 8% to EUR 0.8 million (2021: EUR 0.9 million)
and with 5% only represents a small percentage of the total income. The income
in this sector mainly consists of failure analysis and qualification work and
this is very much depending on our customers’ design cycles. Total income in
other sectors increased by 105% to EUR 0.9 million (2021: EUR 0.5 million).
Total income by market sector: (x EUR 1,000) 2022 2021 change Automotive 8,094
6,886 17.5% Industrial / Medical 6,683 6,270 6.6% HiRel / Aerospace 849 926
-8.3% Others 922 450 104.9% Total 16,548 14,532 13.9%
Throughout 2022, the Test Operations unit showed a strong increase, which was
related to the superior services and the excellent position RoodMicrotec has
with its existing and new customers. The Supply Chain Management unit showed a
limited increase compared to last year. The sharp increase in the second half
of 2022 compared to the first half of 2022 was due to a higher demand for
existing products as well as the production ramp-up in the context of new
long-term contracts. In 2022, the Qualification & Failure Analysis unit saw a
decrease compared to 2021. However, the total income for the second half of
2022 was 9% higher than for the first half of 2022, which shows that new
customer projects are now starting.
Total income results per operational unit: (x EUR 1,000) 2022 2021 change
Supply Chain Management 3,533 3,364 5.0% Test Operations 10,035 7,938 26.4%
Qualification & Failure Analysis 2,980 3,230 -7.7% Total 16,548 14,532 13.9 %
Operating result
The Company recorded an operating result for 2022 of EUR 2.5 million compared
to EUR 1.2 million in 2021, and thus an increase of 99.8%. The increase in
total income only led to a modest rise of expenses forraw materials and
consumables (in 2021, expenditures for raw materials and consumables were
exceptionally high due to a high level of wafer deliveries). Combined with a
lower increase in operating expenses than in total income, this led to an
increase in the operating margin from 8.4% in 2021 to 14.8% in 2022.
Net result
The Company recorded a net result of EUR 2.4 million profit for 2022, which is
an increase of 65.9% compared to 2021.
Personnel and organization
During 2022, RoodMicrotec continued to optimize the organization to keep track
with the changing demands from customers and markets. Furthermore, highly
experienced personnel has been recruited for support of the Company’s future
plans. The average number of full-time employees (FTE) in 2022 was 94. Total
income per average full-time employee increased to EUR 176,000 from EUR 163,000
in 2021. RoodMicrotec’s policy is to strive for growth of sales per FTE.
Looking back, RoodMicrotec got through the COVID-19 period very well and
without any material impact on staffing levels. The measures taken with facial
masks, distance between the working places, home offices, and general care,
offered a safe environment for all employees.
Outlook
RoodMicrotec expects the total income for 2023 to be in the range of
EUR 17.0 million to EUR 17.5 million, with a profit before tax of 5-10% and
thus in line with the financial targets. The geopolitical situation in the
world and the current energy crisis throughout Europe could have an impact on
the Company’s business. The Management is keeping a close eye on the situation
and is doing everything possible to mitigate any potentially negative impact.
Conference call
You are invited to take part in RoodMicrotec’s conference call for
shareholders, financial press, and analysts via Microsoft TEAMS on
Thursday, April 20, 2023 at 9:30 CEST .
The Board of Management, Martin Sallenhag and Arvid Ladega, will comment on
the Annual Report 2022 in detail and will answer your questions.
To join the event please follow these login instructions:
Join with your computer or mobile app Click here to join the meeting
Or call in (audio only)
+49 69 509544247 Germany, Frankfurt am Main
+31 20 399 9804 The Netherlands, Amsterdam
+32 2 895 09 68 Belgium, Bruxelles
+41 43 217 23 02 Switzerland, Zurich
Find a local number – in case you are in another country
Phone Conference ID: 124 673 558#
Annual General Meeting of Shareholders
The Annual General Meeting of Shareholders of the Company will be held on
Tuesday, June 6, 2023 at 15:00 CEST at the Amsterdam Stock Exchange (EURONEXT),
Beursplein 5, 1012 JW Amsterdam, the Netherlands.
The convening notice (including registration and voting instructions) and the
agenda with explanatory notes, as well as all other meeting documents for the
AGM, including the 2022 Annual Report and the 2023 Remuneration Policy are
available for download on our corporate website:
www.roodmicrotec.com/en/investor-relations-en/annual-general-meeting .
Financial calendar June 6, 2023 Annual general meeting of shareholders July
20, 2023 Publication interim report 2023 July 20, 2023 Conference call for
media, analysts and shareholders October 19, 2023 Trading update quarter 3-2023
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, 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.
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 - CFO
Telephone: +31 570 745623 Email: investor-relations@roodmicrotec.com
Web: www.roodmicrotec.com
This press release is published in English only.
1 net debt includes lease liabilities
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