Brief: RoodMicrotec Q1 Revenue Decreases By 10 Percent

RoodMicrotec N.V.

17/05/2019 09:43

May 17 (Reuters) - ROODMICROTEC N.V.  ROON.AS :
    * FIRST QUARTER REVENUE IS 10% LOWER COMPARED TO Q1-2018
    * THREE SCM PROJECTS BOOKED AND ARE NOW IN THE ENGINEERING
PHASE
    * REVENUE DECREASED BY 10% COMPARED TO Q1 OF 2018
    * WITH A SOFTER MARKET AND GEOPOLITICAL UNCERTAINTIES
REVENUE FOR
2020 IS EXPECTED TO BE IN RANGE OF EUR 16 MILLION TO EUR 18
MILLION.
    * THREE OUT OF FOUR SCM PROJECTS UNDER NEGOTIATION HAVE BEEN
BOOKED AS PROJECTS AND ARE NOW IN ENGINEERING PHASE
    * PRODUCTION FOR THESE PROJECTS WILL BE STARTED IN 2020 AND
2021
    * BOOK-TO-BILL RATIO IN THE FIRST QUARTER IS MAINTAINED
ABOVE ONE
    * CYCLICAL BEHAVIOUR OF SEMICONDUCTOR MARKET AND CANCELLED
PROJECT
BY A CUSTOMER'S CUSTOMER ARE MAIN REASONS FOR REVENUE
DEVELOPMENT

Source text for Eikon:  ID:nGNE1PvS88 
Further company coverage:  ROON.AS 

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