- First quarter revenue is 4% lower compared to Q1-2019, in line with global semiconductor market
- A second V93000 SmartScale test system successfully installed
- Limited impact of COVID-19 in first quarter but unclear situation, hence outlook for 2020 withdrawn
- Refinancing of bond loan, due end of June 2020, not realistic given unfavourable current financial climate due to COVID-19 crisis. Proposal to extend current term of bond loan with one year.
Deventer, 16 April 2020 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today released its Q1-2020 trading update for the quarter ended 31st March 2020. The revenue decreased by 4% compared to the first quarter of 2019, which is in accordance with the expectations set out at the beginning of the year based on customer forecasts and commitments. This decrease is in line with the global semiconductor market which is down by 4% year-on-year for the first two months of 2020 according to Semiconductor Industry Association (SIA).
Due to an increased demand for testing from our customers, especially in the automotive sector, a new V93000 SmartScale test system has been installed at the RoodMicrotec test facility in Nördlingen. Starting in the first quarter of 2020, the new state-of-the-art testing system adds extended services to the company’s portfolio. Adding test resources to support our growth strategy, based on long-term forecasted demand, is in line with the overall focus of the company to grow business through increased capacity and new capabilities.
Click on the link below for the full press release.
Trading Update Q1 2020