-
- 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 Posts 7% Revenue Growth Amid Demand Rebound from Semicon, Auto Sectors
November 3, 2015 | NewaysEstimated reading time: 1 minute
NEWAYS ELECTRONICS INTERNATIONAL N.V. (Neways) booked turnover of EUR 96.5 million in the third quarter of 2015, an increase of 7% compared to the same period of last year (EUR 89.9 million). This increase was largely due to a recovery in demand from clients in the semiconductor and automotive sector.
Compared to the first half year the revenue stabilizes in the third quarter of 2015. This is partly due to the decrease in the predictability of customers, whereby customers from different market sectors conduct a more tightening inventory policy towards the end of the year.
Outlook
In recent months, Neways has started the implementation of its group-wide improvement programme ‘Up to the next level’, which will further reinforce Neways’ positioning as a one-stop provider in the Electronic Manufacturing Services (EMS) market. We expect that the results of the improvement programme will be visible next year. Based on an analysis of those results, we will assess which potential improvements and efficiency measures we can realise for each operating company.
Given the continued integration of the BuS Group and the resultant improved spread across market sectors, Neways is now in a better position to respond effectively to fluctuations in demand.
Based on our current information and assuming no major inventory corrections will take place at our customers in the coming months, it is expected that sales will stabilize in the second half of 2015 compared to the first half year.
Neways will publish its 2015 full year results on 23 February 2016 before the opening of the stock exchange.
About Neways Electronics International N.V.
Neways Electronics International N.V. (Neways) is an international company active in the EMS (Electronic Manufacturing Services) 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 semi-conductor, medical, automotive, telecom and defence industries. Neways has operating companies in the Netherlands, Germany, the Czech Republic, Slovakia and China, with a total of 2,611 employees at year-end 2014. Neways recorded net turnover of € 309 million In 2014. Neways is listed on Euronext Amsterdam (symbol: NEWAY).
Suggested Items
Omdia: OLED Monitor Display shipments to surge by 123% YoY as Top Brands Embrace its Technology in 2024
05/09/2024 | PRNewswireOLED monitor display shipments significantly increased in 2023, following an upsurge of 415% year-over-year (YoY), according to Omdia's Monitor Display & OEM Market Tracker. This trend is set to continue with Omdia forecasting a 123% YoY increase in 2024, reaching 1.84 million units, driven by industry leaders Samsung Display and LG Display.
IDTechEx Report: Illuminating the Future of Lidar in Automotive
05/09/2024 | PRNewswireIn the rapidly evolving landscape of Advanced Driver-Assistance Systems (ADAS) and autonomous driving, sensor technologies have emerged as a pivotal force driving innovations in the automotive industry.
Sondrel Awarded New Video Processor ASIC Design and Supply Contract
05/09/2024 | SondrelSondrel, a leading provider of ultra-complex custom chips for leading global technology brands, is pleased to announce that it has won a major ASIC design and supply contract for a next generation, video processing chip.
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.