Neways Electronics International N.V. (Euronext: NEWAY) (“Neways”’; the “Company”) today publishes the trading update for the third quarter (Q3) and the first nine months (9M) ending 30 September 2018.
Net turnover came in at € 126.0 million in Q3-18, an increase of 16.0% compared to Q3 2017. Turnover in the first nine months of 2018 amounted to € 373.0 million, up 15.6% compared to the same period of 2017. Strong demand across the board and especially in the semiconductor and automotive sectors
Order intake down in Q3 18, but remains at a relatively high level
Growth potential not fully realised due to persistent shortage of components
Well–stocked order book and improvements realised in operational management expected to contribute to expected increase in turnover and profitability in the full year 2018 compared to 2017