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RoodMicrotec N.V. (ROOD.AS)

Amsterdam - Amsterdam Delayed price. Currency in EUR
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0.2250+0.0010 (+0.45%)
At close: 5:19PM CEST
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Previous close0.2240
Open0.2250
Bid0.0000 x 0
Ask0.0000 x 0
Day's range0.2230 - 0.2260
52-week range0.1070 - 0.2670
Volume53,165
Avg. volume184,525
Market cap16.851M
Beta (5Y monthly)0.96
PE ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est0.23
  • Globe Newswire

    RoodMicrotec N.V. publishes 2020 annual report with audited financial statements

    Available in English only Total income of EUR 11.9 million with an EBITDA of EUR 1.3 millionNet result of EUR -0.3 million (after taxes)Cash flow from operating activities of EUR 1.5 million Deventer, April 22, 2021 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today published the Company’s Annual Report for the financial year 2020 including the audited financial statements. The complete 2020 Annual Report, which is available in English and only as an electronic version, is available on the corporate website: www.roodmicrotec.com/en/investor-relations-en/financial-publications. The total income for 2020 amounted to EUR 11.9 million, which was 10% lower than in 2019 but includes a substantial increase in the second half of 2020 (EUR 6.5 million) compared to the first half of 2020 (EUR 5.4 million). The net result after taxes for 2020 was EUR 0.3 million negative, mainly due to the COVID-19 impact in the second quarter. The second half of 2020 showed a net profit after taxes of EUR 0.5 million, which was due to the increase in total revenue together with tight cost control throughout the year. The Qualification & Failure Analysis unit showed an increase compared to 2019, thanks to well established relationships with long-term customers. The Test Operations and Supply Chain Management units showed a decrease compared to 2019. This is mainly because of the COVID-19 situation with quite some logistic challenges and the reduced demand due to the lock-downs and inventory management. Due to the unclear market situation, many customers reduced their demand as well as their inventories and thus did not order new components. This drop was mainly seen in the second quarter of 2020 and significantly improved in the second half of the year. “We were expecting and budgeted a continuing increase in total income and net profit in 2020, but the COVID-19 pandemic significantly affected us. We continued to serve our customers with our usual high quality, but saw a reduced demand in our test operations and supply chain management due to changes in inventory management by our customers”, says Martin Sallenhag, CEO of RoodMicrotec. “Even with an investment in a new test system early in the year, the cash situation at the end of the year 2020 improved by EUR 0.4 million to EUR 1.4 million compared to the end of 2019.“ The global outbreak of the COVID-19 pandemic in the beginning of 2020 and the uncertain situation since then have made it important for us to protect our partners, employees, customers and suppliers. We are continuing to closely monitor the situation and are taking steps to help to prevent the spread of the virus. We are also taking extensive measures to be able to maintain a permanent outstanding level of service as well as unimpaired business relationships with our customers and suppliers. RoodMicrotec’s facilities have been carrying out normal operations during the whole year to support our customers. 2020 HIGHLIGHTS / MAIN DEVELOPMENTS Financials Total income: EUR 11.9 million (2019: EUR 13.2 million).EBITDA: EUR 1.3 million (2019: EUR 1.5 million).Balance sheet total: EUR 14.3 million (2019: EUR 14.3 million).Net result: EUR 0.26 million negative (2019: EUR 0.07 million negative).Cash flow from operating activities: EUR 1.5 million (2019: EUR 1.2 million). Commercial/operational Due to an increased demand for testing from our customers, especially in the automotive sector, a second V93k SmartScale SoC Testsystem was installed at the RoodMicrotec test facility in Nördlingen. Starting in the first quarter of 2020, the new state-of-the-art testing system added extended services to the Company's portfolio.In the summer, a third V93k test system from Advantest was installed. This is running tests of specific high demanding parts for a well renowned customer.The projects that were booked during the last quarter of 2018 and the first quarter of 2019 are progressing well towards mass production. Three projects are in the final qualification stage and one is still in the definition phase and the implementation phase will start shortly.With our extensive knowledge and equipment, we are able to perform the complete test plans of large OEMs or Tier1 suppliers for press fit connectors according to supplier approval instructions. We perform all process steps and analyses from pin separation, press-in with force-displacement-diagram measurements, and climate conditioning up to characterization by means of metallographic cross sectioning, whisker inspection, and electrical contact resistance investigations.In February 2020, RoodMicrotec signed a sales representative agreement with Cedar Technologies Ltd. in order to develop new business and grow RoodMicrotec‘s market share in the Nordic countries, Poland, the United Kingdom, and Ireland. Expanding our market share in various selected countries is part of our company growth strategy.The GaNScan-project, where RoodMicrotec developed reliable processes for testing of Gallium Nitride-on-Silicon as well as prototype high-power GaN devices, was finalized in September 2020. This project improved two of RoodMicrotec‘s core competencies in a very relevant way: Supply Chain Management gained experience how to design and organize customized and affordable low-volume high-power packages for power electronics and Test Operations modified a wafer prober to enable high voltage and high current testing of power electronicsDuring 2020 we could not offer face-to-face events as in the last years due to the COVID-19 pandemic. At several online events / conferences we gave lectures on various subjects to about 300 participants in total through webcasts and digital platforms. The lecture “Reliability Testing Services for VCSELs, laser & photodiodes” given during an EPIC meeting on VCSEL Technology and Applications has been published on YouTube. Key figures (x EUR 1,000)20202019 Results Total income11,87413,217EBITDA1,3451,539EBIT (operating result)-199123EBT-369-87Cash flow from operating activities1,5171,156Net result-265-73 Capital, Debt & Liquidity Ratios Total assets14,33714,294Group equity3,8443,945Net debt1,1371,472Capital (net debt + equity)4,9815,416Gearing ratio (net debt/ capital)23%27%Solvency (group equity / total liabilities)27%28%Debt ratio (net debt / EBITDA)0.81.0Net working capital1,2961,505Working capital ratio0.710.72 Assets Tangible and intangible fixed assets9,1779,404Investments in (in)tangible fixed assets8661,895Depreciation of (in)tangible fixed assets1,5441,416 Data per share (x EUR 1.-) Group equity0.0510.053Operating results-0.0030.002Cash flow0.005-0.010Net result-0.004-0.001Share price: at year-end0.1830.247Share price: highest0.2670.284Share price: lowest0.1070.202 Issue of nominal shares At year-end (x 1,000)74,89674,896 Number of FTE's (permanent) At year-end9598Average8696 Total income / Average FTE's (permanent)138138 Sales and result In 2020, RoodMicrotec’s total income came in 10% lower than in 2019 at EUR 11.9 million (2019: EUR 13.2 million), with 93% of its total sales in the European countries. The total income was predominantly affected by the lower economic activity in Europe and Asia due to the COVID-19 pandemic. Total income in the industrial / healthcare sector declined in 2020 by 21% to EUR 5.5 million (2019: EUR 6.9 million) and represents 46% of the total income. Total income in the automotive sector increased in 2020 by 7% to EUR 5.0 million (2019: EUR 4.7 million). The HiRel / aerospace sector increased by 7% to EUR 0.9 million (2019: EUR 0.9 million). The total income in this segment mainly consists of failure analysis and qualification work and this is very much depending on the design cycles at our customers. Total income in other sectors declined by 39% to EUR 0.5 million (2019: EUR 0.8 million). Total income by market sector: (x EUR 1,000)20202019change Automotive5,0214,6747%Industrial/Healthcare5,4546,883-21%HiRel / Aerospace9088527%Others491808-39%Total11,87413,217-10% In 2020 the total income in the Supply Chain Management unit decreased by 15% to EUR 2.7 million (2019: EUR 3.1 million). The total income in the operational unit Test Operations decreased by 16% to EUR 5.4 million (2019: EUR 6.5 million). The total income in the unit Qualification & Failure Analysis came in 5% higher, at EUR 3.8 million (2019: EUR 3.6 million). Total income results per operational unit: (x EUR 1,000)20202019change Supply Chain Management2,6593,131-15%Test Operations5,4296,482-16%Qualification & Failure Analysis3,7863,6045%Total11,87413,217-10% Developments The decrease in revenue in the Supply Chain Management unit compared to 2019 is mainly due to inventory management at the end customers. In the second quarter of 2020, many customers decided not to order new components due to the uncertainty of the market situation. This impacted the revenue in this unit but the up-swing started to take place in the second half again. The customers realized that the need for components was maintained at a higher level than expected and started to order new parts from RoodMicrotec. Our expertise in SCM is furthermore being endorsed by partnerships we have forged with other leaders in the industry. The Test Operations unit showed a decrease of 16% compared to 2019 but it almost recovered to the same level as in 2019 in the second half of the year. In the second half of 2020 the unit ran at a reasonable utilization level since the customers that reduced the volumes in the second quarter came back with more volumes in the second half of the year. The flexibility of RoodMicrotec to be able to handle these type of down- and up-swing is greatly appreciated by the customers. The major SCM projects that RoodMicrotec is running also contributed to the sales in Test Operations since some of them are now in volume production. The installation of the two new V93k test systems during the year has already started to pay off with increased revenue in the automotive market segment. The Qualification & Failure Analysis unit reported an increase of 5% compared to 2019, thanks to well established relationships with long-term customers. Even though there was a concern in the market during the year, the customers continued to run their development projects and this was visible with increased revenue in the Qualification & Failure Analysis unit. During 2020 we started to offer services to perform the complete test plans of large OEMs or Tier1 suppliers for press fit connectors according to supplier approval instructions. We also participated in online events / conferences where we gave lectures on various subjects to about 300 participants in total through webcasts and digital platforms. With the excellent reputation that RoodMicrotec has in these services, we see that it is also leading to new long-term contracts with existing customers. Personnel and organization During 2020, RoodMicrotec continued to optimize the organization to keep track with the changing demands from the customers and markets. Furthermore, we recruit highly experienced personnel to be able to support our plans for the future. The average number of full-time employees (FTE) was 86 FTEs in 2020. Total income per average full-time employee stayed stable at from EUR 138,000 compared to 2019. Our policy is to strive for growth of sales per FTE. From March 2020 we had to introduce short-time working in our company in order to be able to react to the international effects of COVID-19. Short-time work had an effect on the average full-time employees of minus 10 FTEs. It was and is absolutely crucial for us not to have to lay off any employees, so we are very happy to be able to use the short-time working option. In some positions, our employees have also decided to voluntarily work more from home in order to reduce the number of colleagues present. We have not experienced any interruptions in the business operations due to the COVID-19 pandemic. The measures taken with masks, distance between the working places, home offices and general care, have enabled us to offer a safe environment for our employees and we have had very few incidents in the company during 2020. Impact due to COVID-19 pandemic COVID-19 has not only influenced our private and working life, it has completely changed it. Flexibility and digitalization are now the decisive points that will define our future. The first quarter was in line with our forecast and the plans for the rest of the year were solid. The second quarter was very tough with a lot of customers being cautious with ordering new devices and managing their inventory. We started to take actions to manage this lower demand through optimizing the work flows as well as implementing short-time work in both our operating facilities. Towards the summer, many of our customers realized that the demand for their products remained at a reasonable level and they started to order components again. This enabled us to see a level in the second half of 2020 which was very close to the level of 2019. It still was lower than the forecasted sales but still encouraging to see that the demand was rising. Outlook 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. Conference call You are invited to take part in RoodMicrotec’s conference call for financial press and analysts on Thursday, April 22, 2021 at 9:30 CEST.The management will present the Annual Report 2020 in detail and answer your questions.The dial-in number for the call is: +31 (0)20 531 5863 (via operator) Annual General Meeting of Shareholders The Annual General Meeting of Shareholders of the Company will be held by webcast (virtual meeting) on Thursday, June 10, 2021 at 15:00 CEST. In light of the COVID-19 pandemic and the ongoing safety measures imposed by the Dutch government, the Board of Management and Supervisory Board have decided to organize the AGM in such manner, that it can only be attended by registered shareholders through a webcast. Shareholders do not have the option to attend the AGM in person, as the Meeting will only be held remotely via a digital platform (virtual meeting). The convening notice (including registration and voting instructions) and the agenda with explanatory notes, as well as all other meeting documents for the AGM will be available from April 29, 2021 onwards on our corporate website: www.roodmicrotec.com/en/investor-relations-en/annual-general-meeting. Financial calendar April 29, 2021Publication of agenda and invitation for the Annual General Meeting of ShareholdersJune 10, 2021Annual General Meeting of ShareholdersJuly 22, 2021Publication interim report 2021July 22, 2021Conference call for press and analystsOctober 14, 2021Trading update quarter 3-2021 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 - CFOTelephone: +31 570 745623 Email: investor-relations@roodmicrotec.com Web: www.roodmicrotec.com This press release is only published in English. Attachments 2021 04 22_RoodMicrotec-YE Result - AR 2020_E RoodMicrotec N.V._Annual Report 2020

  • Globe Newswire

    Trading Update: RoodMicrotec announces total income for the first quarter of 2021

    Die Gesamteinnahmen in Quartal 1/2021 betrugen EUR 3,8 Millionen (Quartal 1/2020: EUR 2,9 Millionen)Starke Verbesserung der Cash-Position im ersten Quartal des Jahres 2021Book-to-Bill-Verhältnis weiterhin über eins Deventer, 15. April 2021 - RoodMicrotec N.V., ein führendes unabhängiges Unternehmen für die Lieferung von Halbleitern und Qualitätsdienstleistungen, veröffentlicht heute sein Quartalsupdate für das erste Quartal 2021. Die Gesamteinnahmen für das Quartal betrugen 3,8 Millionen Euro. Dies sind 31% höhere Gesamteinnahmen als im ersten Quartal 2020. Dieses Umsatzwachstum ist auf ein insgesamt starkes Lieferniveau sowie ein außergewöhnlich hohes Niveau an unfertigen Leistungen (0,5 Millionen Euro) für SCM-Projektvorbereitungen zurückzuführen. Dies geschieht, um die Lieferkette während einer geplanten Verlagerung eines Assemblers zu managen und die weiteren Lieferungen dieser Produkte für den Rest des Jahres 2021 sicherzustellen. "Wir setzen unsere strenge Kontrolle der Betriebskosten fort und freuen uns, dass sich die Cash-Position zum Ende des ersten Quartals im Vergleich zu Ende 2020 weiter verbessert hat", sagt Martin Sallenhag, CEO der RoodMicrotec. "Es ist auch sehr ermutigend zu sehen, dass die Nachfrage unserer Kunden weiterhin hoch ist, was zu hohen Gesamteinnahmen und einem Book-to-Bill-Verhältnis von über eins führt." Die COVID-19-Situation wirkt sich immer noch auf das Geschäft der RoodMicrotec aus, aber die Nachfrage unserer Kunden ist wieder auf einem vernünftigen Niveau. RoodMicrotec hält die sehr strenge Kontrolle der Personal- sowie der Betriebskosten aufrecht. Diese werden bis ins Detail überprüft und nur absolut notwendige Kosten für die Erbringung unserer hochwertigen Dienstleistungen an die Kunden werden genehmigt. In den operativen Abteilungen sind noch genügend Kapazitäten vorhanden, so dass in naher Zukunft keine zusätzlichen Investitionen notwendig sind. Ausblick Derzeit ist es noch nicht möglich, die Dauer der Beeinträchtigungen der COVID-19-Pandemie oder die Auswirkungen der zunehmenden Zahl an Infektionen in Europa oder die Auswirkungen der weltweiten Logistiksituation zu prognostizieren. Aus heutiger Sicht erwartet RoodMicrotec im Jahr 2021 Gesamteinnahmen in der Größenordnung von 12,8 bis 13,4 Millionen Euro. Das Ergebnis vor Steuern im Jahr 2021 wird voraussichtlich im Bereich von 2% bis 4% der Gesamteinnahmen liegen. Audit Die finanziellen Daten in dieser Pressemitteilung wurden nicht auditiert. Über RoodMicrotec RoodMicrotec ist ein führender unabhängiger Anbieter von Halbleiterbauelementen und Qualitätsdienstleistungen. Mit mehr als 50 Jahren Erfahrung in der Halbleiter- und Elektronikindustrie ist RoodMicrotec als geschätzter Partner für viele Unternehmen weltweit etabliert. Das Unternehmen bietet Full-Turnkey-ASIC-Services für hochkomplexe Mikrochips, die vollständig auf die spezifischen Anwendungen einzelner Kunden zugeschnitten sind. In Zusammenarbeit mit starken Partnern steuert RoodMicrotec den gesamten Entwicklungs- und Produktionsfluss der ASICs in der gewünschten Stückzahl, von kleinen Mengen bis hin zu mehreren Millionen Stück pro Jahr. Die schlüsselfertige Lösung umfasst Projektmanagement, Wafertest, Montage, Endtest, Qualifikation, Logistik und Fehleranalyse. Alle Dienstleistungen entsprechen den Industrie- und Qualitätsanforderungen der Branchen Hochzuverlässigkeit, Luft- und Raumfahrt, Automotive, Gesundheitswesen und Industrie. Der Hauptsitz von RoodMicrotec befindet sich in Deventer, Niederlande, mit operativen Einheiten in Nördlingen und Stuttgart, Deutschland.Für weitere Informationen besuchen Sie unsere Webseite https://www.roodmicrotec.com Ergänzende Informationen Martin Sallenhag - CEO, Arvid Ladega - CFOTelefon: +31 570 745623 Email: investor-relations@roodmicrotec.com Web: www.roodmicrotec.com Diese Pressemitteilung wird in Englisch und Deutsch publiziert. Sollten Unterschiede in den Versionen bestehen, dann hat die englische Fassung Gültigkeit. Attachment 2021 04 15_RoodMicrotec-Trading Update Q1-2021_E

  • Globe Newswire

    RoodMicrotec announces completion of secured bond loan refinancing

    Deventer, March 25, 2021 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today announces the completion of the refinancing of the secured bond loan issued in 2014. A small group of long time investors has provided the funds for the new loan to the Company and the Company has transferred the funds to NPEX, who will administer the repayment of the outstanding bonds in the amount of EUR 2.5 million to the bond-holders. RoodMicrotec’s management participates in the refinancing to show their confidence in the Company’s business plans and future projects. The redemption date of the bonds is Wednesday March 31, 2021. The last trading day of the RoodMicrotec bonds on the NPEX will be Tuesday March 30, 2021. The refinancing comprises the following key elements of the new loan: A loan of EUR 2.6 million with a duration of 36 months has been granted to RoodMicrotec N.V. The loan has a 4.75% p/a interest that shall be paid quarterly.The loan is unsecured, provided that in the event of a default the lenders (other than the management) may require RoodMicrotec N.V. to grant a first ranking right of mortgage on property of RoodMicrotec GmbH in Nördlingen; and a first ranking right of pledge on other fixed assets of RoodMicrotec GmbH, located in Nördlingen and Stuttgart.RoodMicrotec N.V. will grant a total number of 7,485,000 non-listed 5-year warrants to the lenders (except the management). Each warrant shall entitle the relevant lender or subsequent holder of the warrants to subscribe for one ordinary share in the capital of the Company at a subscription price of EUR 0.15, to be paid in cash upon exercise. Of the warrants issued, 1/3 shall be issued on a non-conditional basis with a vesting period of 1 year, 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the first anniversary of completion and 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the second anniversary of completion. As no warrants shall be granted to the management, they shall be entitled to 6.75% p/a interest on the loan. “The completion of the new financing enables us as Board of Management to focus on the future business growth of RoodMicrotec. It also provides a solid base for the next three years in which we plan to continue to develop our services to meet the increasing demands from our customers, especially given the current challenging climate in the semiconductor industry.” says Martin Sallenhag, CEO of RoodMicrotec N.V. “I would like to express our sincere gratitude to the long time investors that have shown a great deal of confidence in the future direction of RoodMicrotec, as well as to the current bond-holders that have supported us since 2014 by participating in the secured bond loan.” 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 - 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. Attachment 2021 03 25_Completion Refinancing_E