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© thomaspajot dreamstime.com Electronics Production | August 26, 2015

Recovered turnover and results for Neways

Neways recorded net turnover of EUR 189.1 million in the first half of 2015, an increase of 41 percent (H1 2014: EUR 133.6 million).
The increase was due to the consolidation of BuS Group as of July 2014. Organically, turnover was down 6 percent, largely due to the relatively strong comparable results in the first half of 2014. Compared to the second half of 2014, Neways recorded an 8 percent organic increase in turnover. The operating result was up 40 percent at EUR 5.9 million (H1 2014: EUR 4.2 million). The order book stood at EUR 163.0 million as at end-June 2015 (year-end 2014: EUR 155.9 million).

Huub van der Vrande, CEO: “In the first half of 2015, we were able to respond effectively to a recovery in demand from our clients compared to the second half of 2014. In the past six months the renewed Executive Board began the process of identifying potential improvements and initiated the roll-out of a group-wide programme of improvement dubbed ‘Up to the next level’. We want to use this programme to further strengthen our position as a one-stop provider in the Electronic Manufacturing Services market. As a result of the acquisition of BuS Group our distribution across market sectors has improved and enables us to respond more effectively to fluctuations in demand. Partly because of this and based on our current order book and feedback from clients, we expect the first half of the year to be a good indication of the level of business in the second half of 2015.”

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