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© adam121 dreamstime.com Electronics Production | November 03, 2015

Neways sees stabilisation of turnover in 3Q

Neways booked turnover of EUR 96.5 million in the third quarter of 2015, an increase of 7% compared to the same period of last year (EUR 89.9 million).
This increase was largely due to a recovery in demand from clients in the semiconductor and automotive sector.

Compared to the first half year the revenue stabilizes in the third quarter of 2015. This is partly due to the decrease in the predictability of customers, whereby customers from different market sectors conduct a more tightening inventory policy towards the end of the year.

Outlook

In recent months, Neways has started the implementation of its group-wide improvement programme ‘Up to the next level’. The company expects that the results of the improvement programme will be visible next year. Based on an analysis of those results, Neways will assess which potential improvements and efficiency measures can be realised for each operating company.

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