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RoodMicrotec Annual Report 2016 and Trading update: Q1 2017 Revenue Rises 15% Year‐on‐Year and Three New Supply Chain Orders Secured Across Key European Markets
The increase in revenue comes across the board from all business units, but RoodMicrotec said the continuing positive trend in the major Supply Chain Management unit is particularly encouraging. The upturn in revenue extended across the Test Engineering and Qualification & Reliability Investigation units and the significant rise in Failure & Technology Analysis was notably outstanding.
The three supply chain orders come from new customers ‐‐ design houses, in Germany, Switzerland and the UK, demonstrating the broad acceptance RoodMicrotec´ offering is achieving across European markets. The orders also cover different market areas, such as industrial and high reliability. These projects now move into the development phase and will run for at least five years in volume production, which is planned from 2018. The overall expected revenue for these contracts is EUR 2.0 million over the five years.
Martin Sallenhag, CEO RoodMicrotec said: “The efforts that RoodMicrotec has put into developing our sales channels in the last few years are now paying off and we expect to transition to quarterly profitability over the course of 2017. We are particularly encouraged that these new orders have been attained in separate geographical and market areas in the supply chain unit, showing that our business model is gaining traction across Europe.”
Outlook for 2017
As a result of the new arrangements and contracts announced in 2016, RoodMicrotec expects that turnover will increase substantially in coming years. The company projects that its turnover will be approximately 75% higher by 2020, compared with the total turnover of around EUR 10 million in 2015. With a number of new projects ramping up for production during the second half of 2017, RoodMicrotec foresees an increase in revenue and improved results compared with 2016. In 2017, the company is expected to come to the cross over point where a positive quarterly net profit is reached.
Annual General Meeting of Shareholders 8 June 2017 at 2 pm, EURONEXT Amsterdam, Beursplein 5
The Annual General Meeting of Shareholders will be held on Thursday 8 June 2017.
26 April 2017 Publication annual report 2016
8 June 2017 Annual general meeting of shareholders
9 June 2017 Annual bondholders meeting
6 July 2017 Publication sales figures first half 2017
24 August 2017 Publication interim report 2017
24 August 2017 Conference call for press and analysts
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