RoodMicrotec Sales Growth Outpacing Semiconductor Market
Sales revenue growth at RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, is expected to outpace growth of the underlying global semiconductor market over the next four years. This development comes on the back of a strong forward order book, particularly in supply chain management (SCM) projects.
The company told investors at a briefing on Wednesday marking its 30th anniversary, that six SCM projects will be entering the manufacturing phase by 2020 and contribute between eight and twelve million Euros in sales revenue.
Reinhard Pusch, RoodMicrotec COO said: "We are seeing heightened market interest in RoodMicrotec's capabilities as a provider of SCM turnkey solutions, so it makes strategic sense to focus on this area as our core business."
The global semiconductor market is forecast to decline 3.2 percent over 2016 due to geopolitical upheavals and while RoodMicrotec was adversely affected by this development the company still expects to achieve overall positive revenue growth for the full year.
Vic Tee, Chairman of the Supervisory Board for RoodMicrotec said: "We expect a positive sales growth in 2016, which is below our initial objectives, but will be a very healthy result in current market conditions."
RoodMicrotec is also maintaining its previous guidance on a forecast 75 percent increase in sales revenue growth by 2020 from 2015. In addition to the current projects, there are three additional SCM projects under negotiation which could start in 2017 and generate between five and eight million Euros of sales revenue during the next 7 years.