Neways records higher turnover, lower result and higher order Book
Son (The Netherlands), 29 August 2019 – Neways Electronics International N.V. (Euronext: NEWAY) (“Neways” or the “Company”) today announces its results for the first half of the year (H1) ending on 30 June 2019.
Net turnover increases by 7.1% to € 264.5 million, largely driven by a stronger contribution from the semiconductor and automotive sectors and to a lesser extent from the industrial sector. Medical and defence remained stable.
Order intake was 6.8% higher than in the first half of 2018, largely due to new e-mobility orders. The order book stood at € 342.6 million at end-June 2019, compared with € 300.8 million at end-June 2018.