The preliminary total income for 2022 of EUR 16.5 million exceeded the outlook by EUR 0.9 million
Order book value increased by 19% compared to end of 2021
Cash position very healthy to support further growth
Deventer, January 26, 2023 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today publishes the unaudited preliminary total income for the financial year 2022. The unaudited preliminary 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. In the second half of 2022, the unaudited preliminary total income was EUR 9.2 million - an increase of 28% compared to the second half of 2021 (EUR 7.2 million). In 2022, the order book increased by 19% compared to the orders booked at the end of 2021, which is a good predictor for a steady quality of the services provided and a high satisfaction level of our customers.
“Again, we managed to outperform our expectations by focusing on our core business and services. In 2022, we saw significant increases in demand from our customers both for new products as well as for existing products”, says Martin Sallenhag, CEO of RoodMicrotec. “We are very pleased with the overall development of the Company in 2022 and expect a further increase in total income for 2023. The excellent cash situation enables us to invest for future growth where necessary.”
Throughout 2022, the Test Operations unit showed a strong increase, which was related to the excellent services provided by RoodMicrotec to its new and existing customers. The Supply Chain Management unit showed a limited increase in 2022 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 per operational unit for the financial year 2022 compared to the financial year 2021:
(x € 1,000) FY 2022 FY 2021 Change
Test Operations 10,034 7,938 +26%
Supply Chain Management 3,533 3,364 +5%
Qualification & Failure Analysis 2,980 3,230 -8%
TOTAL 16,547 14,532 +14%
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.
The financial data in this press release have not been audited.
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, conditions of the worldwide semiconductor industry, 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.
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