-
- 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
Article Highlights
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Neways’ Net Turnover Grows 12.4% in Q1 2022
April 26, 2022 | NewaysEstimated reading time: 2 minutes
Neways Electronics International N.V. publishes its trading update for the first quarter (Q1) of 2022 ending 31 March 2022.
Highlights:
- Net turnover of € 134.2 million in Q1 2022, an increase of 12.4% from Q1 2021 (€ 119.3 million) and an increase of 12.1% from Q4 2021 (€ 119.7 million), driven by strong demand in all sectors.
- Order intake of € 181.3 million in Q1 2022, an increase of 7.7% from Q1 2021 (€ 168.4 million) and an increase of 39.0% from Q4 2021 (€ 130.4 million).
- Order book of € 411.0 million as per 31 March 2022, an increase of 50.2% from € 273.7 million as per 31 March 2021 and an increase of 12.8% from € 364.3 million as per 31 December 2021.
Developments in the First Quarter
Net turnover in the first quarter of 2022 was € 134.2 million, an increase of 12.4% from the same quarter last year. Demand for Neways’ products in all sectors is strong, driven by trends including the energy transition, the growth of the semiconductor industry and high-grade medical solutions. We also experienced strong traction in rolling-out additional services to our customers, including design for circularity and our remanufacturing offering to extend the lifetime of products. Order intake in the first quarter was up 7.7% compared with Q1 2021 and the order book at the end of Q1 2022 was 50.2% higher than at the end of Q1 2021.
During the first quarter we continued to be confronted with COVID-19 related absence and disruptions in the supply chain resulting in scarcity of components. Our teams continuously work with our customers and supply chain partners to optimally anticipate and address these issues. For example by leveraging our strong engineering capabilities to re-design products and deploy our procurement teams to identify and access alternative supply routes.
Although Neways does not have operations in, or direct exposure to Ukraine or Russia, we continue to monitor the developments closely, including potential consequences for our supply chains and our customers’ operations. The same goes for the recent COVID-19 restrictions and new lockdowns in parts of China.
CEO Statement
Eric Stodel: “We continue to experience strong demand across our sectors, driven by trends including the energy transition, advancements in medical applications and global demand for semiconductors. Although we continue to be confronted with supply chain disruptions, we are working closely with our customers and supply chain partners to optimally anticipate and address these issues.
In terms of our strategy roll out, we are well on schedule. We are making increasing headway in our positioning as a System Innovator, focusing on providing our clients with greater added value based on our strong engineering power. We also made further progress in our transformation to OneNeways, which is helping to make our organization more efficient and to optimize the delivery of services to our clients.
Our outlook for 2022, as communicated on 25 February 2022, remains unchanged. The ongoing supply chain disruptions, high energy costs and rising inflation could have a dampening effect on our turnover growth and/or our profitability. Despite this, we are off to a good start of the year. Our order portfolio is well filled and we will continue to offer high-grade solutions in order to strengthen our competitive position. We are experiencing an increasing demand for our solutions and we will continue to invest in innovative technologies that contribute to the energy transition, the growth of the semiconductor industry and high- grade medical solutions.”
Suggested Items
MKS Instruments Reports Q1 2024 Financial Results
05/09/2024 | MKS Instruments, Inc.MKS Instruments, Inc., a global provider of enabling technologies that transform our world, reported first quarter 2024 financial results.
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.
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.