Zwolle, 30 April 2015

2004 HIGHLIGHTS
Commercial/operational

• Sales in 2014 of EUR 9.971 million fell by 11% compared to 2013 (EUR 11.180 million) due to longer lead times and postponement of some large orders. Decline mainly in Test, Test Engineering and Qualification & Reliability.
• Lower sales and seizing new market opportunities have resulted in a net result of EUR 1.693 million negative in 2014 (2013: EUR 0.284 million negative).
• Increased investments in the second half of 2014 in sales and marketing.
• Setup of Automotive Competitive Centre and investments in automotive infrastructure as a result of new automotive projects and new prospects.
• Investments in highly promising projects like 'light switches based on radiofrequency'.
• Strategic partnership with Fraunhofer Institute IIS.
• Further strengthening of SCM.
• New test handling and programming equipment to handle new promising products of (new) customers.
• Sharp increase of our quote portfolio and a continued positive book-to-bill ratio.
• Significant headcount cost reduction program resulting in EUR 1.300 million within the next three years. This program is partly based on attrition, but also on forced layoffs.
• The difference in personnel costs compared to 2013 was caused mainly by a non-recurring income in respect of the pension scheme.
• Strategic adjustment in response to changing market conditions. Our new approach involves longer lead times.

Financials

• EBITDA: EUR 0.722 million negative (2013: EUR 0.870 million positive).
• EBIT (operating result) was EUR 1.514 million negative (2013: EUR 0.13 million negative).

• Net result of EUR 1.693 million negative (2013: EUR 0.284 million negative). At year-end 2014 the company had approximately EUR 15 million in accumulated tax losses which can be offset against future tax profits for an indefinite period of time. In other words, the company's tax loss carry forward potential is around EUR 15 million. However, the company takes a conservative approach on this and only recognised EUR 1.6 million as deferred tax asset.
• Net cash position improved from EUR 1.326 million negative in 2013 to EUR 0.192 million positive in 2014. The net cash from operating activities were EUR 0.262 million negative in 2014 compared to EUR 0.017 million positive in 2013.
• The working capital position improved strongly from EUR 1.331 million negative in 2013 to EUR 0.125 million negative in 2014.
• Decrease in solvency rate to 27% (2013: 39%) as a result of the net loss and the decrease of the pension discount rate from 3.6% to 2%. (This discount rate change in had a negative impact on the equity position of EUR 1.0 million).
• Issue of EUR 2.500 million bond loan and repayment of bank loans. All short-term loans, except for the finance lease, were redeemed using the proceeds from the bond loan. This form of financing has greatly reduced RoodMicrotec's finance liabilities for the short term.

KEY FIGURES

Audited financial statements 2014
On 12 March 2015 we published our preliminary financial figures. Following the completion of the audit, certain adjustments were made. The most important ones related to the financial assets, pension obligations and to the financial results, which we summarise below. The adjustments do not have a material effect on the operational cash flow.
The total assets were EUR 13.617 million, which is EUR 2.447 million higher than presented before. The increase is mainly due to the reclassification of financial assets of EUR 2.494 million, which were previously presented under pension liabilities and the cash position. These items also led to a restatement of the comparative figures as per 1 January 2013 and 31 December 2013. The financial assets comprise bonds of EUR 2.494 million, which are held for financing pension liabilities and have been placed under a Contractual Trust Agreement. However, these bonds were not transferred to the Trustee as per 31 December 2014 and therefore may not be netted against the pension liabilities. As at 20 April 2015, these bonds were definitively transferred to the Trustee. As a result, the corresponding financial assets therefore may be netted against the pension liabilities in 2015.
EBIT for 2014 was EUR 1.514 million negative, which is EUR 178 thousand lower than presented in the preliminary figures. This was due to additional audit and legal fees of approx. EUR 70 thousand and additional cost accruals in personnel and other expenses of approx. EUR 108 thousand. Taxes through the profit and loss statement for 2014 were EUR 18 thousand negative, compared to  EUR 144 thousand positive as we stated in the preliminary figures.  This resulted into a negative effect of the profit and loss statement of EUR 162 thousand. The comparable figures of the profit and loss statement have been restated due to an adjustment in the pension costs of EUR 95 thousand.
Reference is made to the deferred tax assets and the valuation of the financial assets as explained in the Annual Report in note 10 and note 11 as well as the audit opinion on these items on page 117/118 of our Annual Report.

Trading update first quarter 2015
As the first quarter has since closed we will issue our trading update now.
In line with expectations, the first quarter of 2015 showed an improvement in operations, resulting in a higher sales compared to last year and over budget. The increase was limited, but compared to recent years it is a positive trend break. RoodMicrotec's management considers this a clear positive signal. 
As published before, we have more than 20 new projects on hand, for which we have high expectations for the near future. Of this new business with a volume of EUR 5 to 10 million per year as of 2015, 80-90% will come on top of our current business. This supports our projection that we will be able to achieve significant growth up to and including 2018. We are already invoicing for the start-up or investing in the preparation of more than 50% of these new projects. We are realising this new business in our core segments Automotive (50%) and  Industrial/Medical (30%), but also in high-end consumer business (20%). Automotive and Industrial/Medical are among the fastest growing segments in the market. This supports our expectation that we will grow significantly over the next few years.
This volume of new business is unparalleled, which gives the management of Roodmicrotec confidence that we are on the right way for a full recovery.

Conference call Friday 1 May 2015, 10:00 am
A conference call will be held for press, analysts and other interested parties on 1 May. The telephone number to join the call is  + 31 20 531 5854

Information meeting 13 May 2015 at 4 pm, Euronext Amsterdam, Beursplein 5
Investors, bondholders, analysts, journalists and other interested parties are invited to join the investors meeting on 13 May at 4 pm, in which we will give information concerning the business and will present our new CTO Martin Sallenhag.

Annual General Meeting of Shareholders 11 June 2015 at 2 pm, Euronext Amsterdam, Beursplein 5
The Annual General Meeting of Shareholders will be held on Thursday 11 June 2015.

Financial agenda

Consolidated statement of profit or loss

Net profit attributable to:

Earnings per share

* Certain amounts shown here do not correspond to the 2013 financial statements and reflect adjustments made, referring to prior period adjustments

Consolidated statement of financial position

* Certain amounts shown here do not correspond to the 2013 financial statements and reflect adjustments made, referring  to prior period adjustments

Consolidated cash flow statement

* Certain amounts shown here do not correspond to the 2013 financial statements and reflect adjustments made, referring to prior period adjustments

About RoodMicrotec
With 45 years' experience as an independent value-added service provider in the area of micro and optoelectronics, RoodMicrotec offers fabless companies, OEMs and other companies a one-stop shopping proposition. With its powerful solutions RoodMicrotec has built up a strong position in Europe.

Our services comply with the industrial and quality requirements of the high reliability/space, automotive, telecommunications, medical, IT and electronics sectors.

'Certified by RoodMicrotec' concerns inter alia testing of products to the stringent ISO/TS 16949 standard that applies to suppliers to the automotive industry. The company also has an accredited laboratory for test activities and calibration to the ISO/IEC 17025 standard.

The value-added services comprise inter alia (eXtended) supply chain management, failure & technology analysis, qualification & burn-in, test- & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training, quality & reliability consulting and total manufacturing solutions with partners.

RoodMicrotec has branches in Germany (Dresden, Nördlingen, Stuttgart), the UK (Bath) and the Netherlands (Zwolle).

Further information:
Philip Nijenhuis, CEO
Telephone:        +31 (0)38 4215216
Email:              investor-relations@roodmicrotec.com
Website:           www.roodmicrotec.com