-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC 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.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Neways Records Higher Turnover and Order Intake in Q1 2017
April 19, 2017 | Neways Electronics International N.V.Estimated reading time: 2 minutes
Neways Electronics International N.V. today announced its trading update for the first quarter ending 31 March 2017.
Highlights
- Q1-17 net turnover at € 107.6 million, up 9.5% year-on-year
- Order intake up 13.1% year-on-year for Q1-17
- Higher activity levels fuelled by demand for early stage development and co-engineering activities
- FY-17 outlook reiterated: higher net turnover and operating result anticipated compared to FY 2016
First Quarter Developments
In the first quarter, net turnover increased fully organically by 9.5% on a year-on-year basis, with higher sales contributions from semiconductor, automotive and defense sectors. Sales in industrial and medical sectors remained approximately stable. Supported by the application of its life cycle management tool, Neways is gradually intensifying partnerships with several existing (long term) customers, while at the same time new customer leads are generated.
During the first quarter the order intake increased by 13.1% year-on-year. The order book stood at €205.9 million, compared to €177 million at end-March 2016 with a book-to-bill ratio of 1.10. The increase in the order intake and order book reflects continued growth, particularly in the Semiconductor and Automotive sectors. The order book is also higher compared to year-end 2016 (€191.3 million).
Huub van der Vrande, CEO, commented, "We saw a busy, good start of the year. Order intake and turnover showed healthy growth which was partly driven by increased early stage involvement in development and co-engineering of electronic components and control systems. This reflects our improved recognition as trusted partner and one-stop-provider for product life cycle management for OEMs and demonstrates the added value, flexibility and cost-effective solutions we offer our customers.
In the quarter, we also continued the roll out of our group-wide improvement programme 'Up to the next level' which has resulted in further improvements of operational processes and efficiency gains. These improvements were offset by higher staff costs, due to the increase in engineering activities and related team expansion as well as high utilization of our production staff flex pool. We will monitor these developments and the effects they have on the business closely. For the full year 2017, we reiterate our outlook and expect to record a higher net turnover and operating result compared to 2016."
About Neways
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 2.612 employees at 31 December 2016. Neways recorded net turnover of € 393 million in 2016. Neways shares are listed on the Euronext Amsterdam stock exchange (symbol: NEWAY). For more information, click here.
Suggested Items
SCHWEIZER Announces Preliminary Group Figures for 2023 Financial Year
03/27/2024 | Schweizer Electronic AGThe preliminary and unaudited results of the SCHWEIZER Group confirm the major and successfully completed turnaround in 2023. Sales rose to a record of EUR 139.4 million, exceeding expectations with an increase of 6.4 percent.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Nortech Systems Reports Q4, FY 2023 Results; Full Year Net Sales Up Nearly 4% from Prior Year;
03/21/2024 | BUSINESS WIRENortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported 2023 fourth quarter and full year results for the period ended December 31, 2023.
National Security Contracts Secured by SAIC Top $284 Million in Early 2024
03/18/2024 | SAICScience Applications International Corp. announced it received $284 million in awards from the United States intelligence community in January and February of 2024.
Jabil Posts Second Quarter Results
03/18/2024 | Jabil“Despite revenue headwinds this year, which are expected to be short-term, I’m pleased with the resiliency of our model and our team’s demonstrated ability to execute,” said CEO Kenny Wilson. “Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24,” he added.