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RoodMicrotec's half year sales rises 19 percent
Maintained high book‐to‐bill ratio well above one / High economic growth rates in Supply Chain Management and Test Engineering / Automotive top‐selling sector with 35 percent increase over first half last year
Within the markets, RoodMicrotec scored especially in the Automotive sector with an economic growth of 35 percent year over year and 15 percent growth in the Industrial sector.
Furthermore, RoodMicrotec has taken two of currently six major SCM projects within the Automotive and Healthcare sector into the production phase over the last few months. The client of the Healthcare SCM project has significantly expanded the expected production cycle from five to now 15 years.
“I’m very pleased with the 19 percent sales growth rate in the first half year which moves us strongly towards our goal of reaching the cross over point where a positive quarterly net profit is reached this year. The figures prove, that we have a good reputation with established as well as new clients. The high economic growth in SCM and Test Engineering confirms our strategy and service portfolio,”said RoodMicrotec CEO Martin Sallenhag.
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 percent 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. The Interim Report will be released earlier this year. It will be published on 3rd August 2017 together with the conference call for press and analysts.
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