Brief: RoodMicrotec FY Net Result Turns To Loss Of EUR 0.07 Mln

RoodMicrotec N.V.

11/06/2020 07:06

June 11 (Reuters) - RoodMicrotec N.V.  ROON.AS :
    * FY TOTAL INCOME OF EUR 13.2 MILLION WITH AN EBITDA OF EUR
1.5
MILLION
    * FY NET RESULT OF EUR -0.07 MILLION (AFTER TAXES)
    * CASH FLOW FROM OPERATING ACTIVITIES WAS EUR 1.2 MILLION
POSITIVE
AT YEAR-END
    * ADJUSTED CASH FLOW FROM OPERATING ACTIVITIES WAS EUR 0.9
MILLION
(2018: EUR 0.6 MILLION)
    * WITHDRAWS ALL ITS EARLIER GUIDANCE FOR 2020 AND 2021 AND
WILL
PROVIDE FURTHER UPDATES AS AND WHEN APPROPRIATE
    * COMPANY'S SECURED BOND LOAN MATURES ON 30 JUNE 2021 AND
POSSIBILITIES TO REFINANCE IT ARE ALSO NEGATIVELY AFFECTED BY
COVID-19
    * PROJECTIONS FOR SEMICONDUCTOR MARKET FOR 2020 ARE MIXED,
ACCORDING TO IDC YEAR-ON-YEAR GROWTH OF SEMICONDUCTOR MARKET
WILL DECREASE BY 6% (WITH A 54% POSSIBILITY)
    * IN SHORT-TERM EXPECTS LOWER DEMAND FOR SYSTEMS AND SOME
IMPACT
TO COMPONENT AVAILABILITY, BUT AS RECOVERY SETS IN, EXPECTS
GROWTH TO RETURN
    * WITH LOWER PRODUCTIVITY AND REVENUE MANAGEMENT HAS DECIDED
TO
INTRODUCE SHORT-TIME WORK AND REDUCE PERSONNEL EXPENSES

Source text for Eikon:  ID:nGNE4d2qhp 
Further company coverage:  ROON.AS 

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