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• Preliminary total income for 2021 of EUR 14.5 million exceeds the outlook

• Highest total income since 2011 showing an excellent recovery over last year

• Persistently improved cash position
  
  

Deventer, January 27, 2022 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today publishes the unaudited preliminary total income for the financial year 2021. The unaudited preliminary total income for 2021 amounts to EUR 14.5 million, which is 22% higher than in 2020 (EUR 11.9 million). This is the highest total income since 2011 and it shows that RoodMicrotec is continuing to grow in the future-oriented markets. In the second half of 2021, the unaudited preliminary total income was EUR 7.2 million - an increase of 11% compared to the second half of 2020 (EUR 6.5 million).

In the first half of 2021, we ordered and received wafers for one of our SCM customers to manage the supply chain during a planned change of an assembly house. About EUR 0.4 million has been realized for these wafers as total income and approximately the same amount has been accounted for in the cost for raw materials and consumables. This results in a higher total income and a higher cost of materials in 2021, without an impact on the net profit. The parts will be delivered during the first half of 2022, where only part of the selling price will be recognized in the total income. The total income will therefore be reduced, but the impact on the net profit will be positive.

“We were expecting a significant increase in total income in 2021 and managed to outperform our expectations by focusing on our core business and services. Last year, we continued to serve our customers with our usual high quality and precise deliveries”, says Martin Sallenhag, CEO of RoodMicrotec. “We are very pleased with the overall Company development during 2021 and expect that the increase in total income will continue in 2022. The cash situation makes it possible for us to invest in capacity and capability to meet the increasing demand from the market and our customers.”

Throughout 2021, the Test Operations unit showed a sharp increase, which was related to the general up-swing in the market and the excellent position RoodMicrotec has with its customers. The Supply Chain Management unit also showed a strong increase compared to last year. Some of the new projects have not yet been moved into volume production due to the COVID-19 pandemic. In the second half of 2021, we also saw a decrease in total income compared to the first half of 2021 due to the world-wide shortage of components and raw materials in the semiconductor industry. RoodMicrotec has put actions in place to mitigate the impacts as far as possible. In 2021, the Qualification & Failure Analysis unit saw a decrease compared to 2020 due to the delayed start of new projects. Some of these delayed projects started in the second half of 2021, so the total income in this unit increased compared to the first half of 2021.