First half results: Neways records significantly higher turnover and improved result
Neways records significantly higher turnover and improved result
Son, 30 August 2018 – Neways Electronics International N.V. (Euronext: NEWAY) (“Neways” or the “Company”) today publishes its results for the first half of the year (H1) ending 30 June 2018
Net turnover rose to € 247.0 million, an increase of 15.6% on the same period of last year, largely driven by stronger contributions from the semiconductor and automotive sectors.
Order intake was up 8,2% compared to the first half of 2017, primarily due to new orders in the semiconductor, medical, automotive and industrial sectors. The order book had increased to € 300.8 million at end-June 2018, compared with € 218.0 million at end-June 2017.
Gross margin came in at € 96.6 million, an increase of 13.9% compared to the first half of 2017, largely driven by the higher activity levels.
Normalised operating result came in at € 11.0 million, an increase of 52.8% compared with the first half of 2017. The positive impact of Neways’ improvement programmes has helped improve the efficiency of the organisation.