-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Neways Records Higher Turnover and Order Intake in Q1 2018
April 23, 2018 | NewaysEstimated reading time: 2 minutes
Neways Electronics International N.V. has publishes its trading update for the first quarter (Q1), ending 31 March 2018.
Highlights:
- Net turnover € 122.3 million in Q1, a year-on-year increase of 13.7%
- Persistent shortage of components and difficulties recruiting additional personnel result in slowdown in turnover growth and pressure on organisation
- Order intake up 15.6% (year-on-year) in Q1
- Higher activity levels driven primarily by demand in the industrial and semiconductor sectors
- Outlook 2018 unchanged: Neways expects higher net turnover and operating result in 2018 compared to 2017
Developments in the First Quarter
Neways recorded fully organic net turnover growth of 13.7% in the first quarter of 2018, compared with the same period of 2017. The semiconductor and industrial sectors made particularly strong contributions to the higher turnover. Turnover in the medical and automotive sectors remained at the same level as in Q1 of 2017, while turnover from the defense sector declined slightly.
Neways recorded a 15.6% year-on-year increase in order intake in the first quarter. The order book stood at € 281.8 million at the end of the quarter, a significant increase on the € 205.9 million at the end of March 2017. The increase in the order book was largely the result of higher demand in the automotive sector. The book-to-bill ratio stood at 1.14 at end-March 2018. The increase in order intake and order book reflects continued growth, especially in the semiconductor, industrial and automotive sectors. The order book was also higher than at year-end 2017 (€ 263.6 million).
In the first months of 2018 a total of € 3.9 million in convertible subordinated loans has been converted into shares. As a result, together with the exercising of personnel options, the current number of outstanding ordinary shares has increased to 11,955,124.
CEO Statement
Huub van der Vrande: “We made a strong start to the year, with substantial growth in turnover and a wellstocked order book. We can also be satisfied with the growth in productivity we realised despite the continued pressure on the organisation. As a result of this, costs lagged the increase in activity levels in relative terms, which translated into an improved operating result. This confirms the success of our proposition to OEMs and shows that the improvement programmes we introduced are now paying off.
Despite these positive developments, the persistent shortages in the market for technically skilled personnel and the shortages in the components market meant we were unable to make the most of our full potential. This underlines the importance of more effective, more efficient and smarter operations and therefore the maximization of deliveries from scarce resources. In concrete terms, this means we will have to focus even more on group-wide integration, for instance by making sure that our capacity utilization is distributed across the entire group. We maintain our outlook for the full year 2018. Neways is in an excellent position to realise a higher net turnover and higher operating result compared to 2017.”
About Neways
Neways Electronics International N.V. (Neways) is an international company active in the EMS market. Neways offers its clients custom-made solutions for the complete product life cycle (from product development to after-sales service) of both electronic components and complete (box-built) electronic control systems. Neways operates in a niche of the EMS market and focuses primarily on small to medium-sized specialist series, in which quality, flexibility and time-to-market play a crucial role.
Neways products are used in sectors such as the semiconductor, medical, automotive, general industry and defence industries. Neways has operating companies in the Netherlands, Germany, the Czech Republic, Slovakia and China, with a total of 2,792 employees at year-end 2017. Neways recorded net urnover of € 438.7 million in 2017. Neways shares are listed on the Euronext Amsterdam stock exchange. For more informatio, click here.
Suggested Items
America Projected to Triple Semiconductor Manufacturing Capacity by 2032, the Largest Rate of Growth in the World
05/08/2024 | SIAThe Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG), released a report on the global chip supply chain that projects the United States will triple its domestic semiconductor manufacturing capacity from 2022—when the CHIPS and Science Act (CHIPS) was enacted—to 2032.
Real Time with… IPC APEX EXPO 2024: The Driving World of e-Mobility with Indium
05/08/2024 | Real Time with...IPC APEX EXPOIn the competitive EV market, technology plays a crucial role facing the challenges of infrastructure. As Brian O'Leary explains, Indium's e-Mobility product suite includes proven solder and thermal management products for high reliability.
Incap Releases Unaudited Business Review for January–March 2024
05/08/2024 | IncapRevenue for the first quarter 2024 amounted to EUR 51.4 million (1–3/2023: EUR 72.2 million). Year-on-year the revenue decreased 29.3%, as expected.
Schweizer Electronic: Business Development in Q1 2024
05/08/2024 | Schweizer Electronic AGThe sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year.
Key Tronic Announces Results for Q3 of Fiscal Year 2024
05/08/2024 | Globe NewswireFor the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023.