Standard of Excellence: The Human Touch in an Automated World
The Government Circuit: Navigating New Trade Headwinds and New Partnerships
Global Sourcing Spotlight: How to Evaluate Supplier Capabilities Worldwide
Neways Turnover in Line with Expectations, Order Book Well Filled
October 18, 2021 | NewaysEstimated reading time: 1 minute
Neways Electronics International N.V. publishes its trading update for the third quarter and the first nine months ending on 30 September 2021. Neways has brought forward the publication of its quarterly results in connection with the Extraordinary General Meeting of Shareholders related to the current public bid by Infestos, which will be held on Tuesday 19 October.
Highlights:
- Net turnover of € 116.0 million, 4.2% lower than in Q3-20 and 1.3% higher than Q2-21; turnover is in line with expectation, partially due to continuing chain disruptions.
- Order intake came in at € 137.9 million, a rise of 52.9% compared with Q3-20 and a decline of 22.0% compared with Q2-21; order intake is now normalizing after a strong recovery in demand in H1-21.
- Order book stood at € 356.1 million at end-September, compared with € 221.2 million at end-September 2020 and € 334.4 million at end-June 2021.
Developments in the Third Quarter
Net turnover declined by 4.2% in the third quarter, compared with the same quarter last year. Turnover was pressured across all Neways’ activities due to chain disruptions and the scarcity of components, which had a varying impact on each sector, with continued strong demand from the Semiconductor and Medical sectors.
Order intake came in 52.9% higher year-on-year, driven by higher demand in all sectors. After the strong recovery in demand seen in the first half of the year, demand normalised to a certain extent in the third quarter. The order book increased and stood at € 356.1 million at end-September 2021.
CEO Statement
Eric Stodel, CEO: “The turnover in the third quarter was in line with expectations. We see that the continued disruptions in the chain are limiting our view of the future and we are working closely with our clients to anticipate and respond to developments as effectively as possible. In addition, we are continuing to target profitable turnover and cost controls.
The outlook for the full year 2021 is unchanged. We expect pressure on turnover to continue in the fourth quarter, due to disruptions in the chain. The shift to offering our clients more high-value and innovative solutions makes us more competitive and will have a positive impact on our profitability. We are seeing an increase in demand for System Innovator solutions and we will continue to invest in distinctive innovative technology in growth sectors, for instance in the field of power electronics and energy conversion.”
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
KIC Expands Footprint in Mexico to Deliver Faster, Localized Support
08/29/2025 | KICKIC, a leading provider of thermal process solutions for electronics manufacturing, has announced the expansion of its service capabilities in Mexico.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
08/29/2025 | Nolan Johnson, I-Connect007This week, we bring you Global Electronics Association’s Chris Mitchell’s government relations column on—you guessed it—trade deals. TTM is balancing its facilities between East and West. The Global Electronics Association released July numbers for North American PCB shipments, and the news is good. Meanwhile, the corresponding report for EMS might seem like bad news, but that’s misleading. Be sure to look deeper for the rest of the story. Finally, for a bit space-science palate cleansing, I’m sharing news of the latest launch of NASA’s X-37B.
Kontron Strengthens Defense Aerospace Supply Chain by Appointing Spirit Electronics as Official Distributor
08/28/2025 | BUSINESS WIREKontron, a leading global provider of IoT and Embedded Computing Technology (ECT), announced a strategic distribution agreement with Spirit Electronics, an end-to-end supply-chain services company and value-added distributor of high-reliability components. Under the agreement,
Koh Young Expands Global Footprint with Grand Opening of Taiwan Office to Serve Semiconductor and Advanced Packaging Market
08/28/2025 | Koh YoungKoh Young Technology, the global leader in True 3D measurement-based inspection and metrology solutions, proudly announces the grand opening of its new branch office, Koh Young Taiwan (KYTW), in Zhubei City, Hsinchu County
MacDermid Alpha Awarded for Innovation: Driving Process Optimization and Efficiency with Major Indian EMS Provider
08/28/2025 | MacDermid Alpha Electronics SolutionsMacDermid Alpha Electronics Solutions, a leading global supplier of integrated materials for the electronics industry, is recognized by one of India’s top EMS providers, Syrma SGS, with an award for innovation that advanced process optimization, enhanced operational efficiency, and yield gains.