Electronics Production | February 26, 2008
Neways increase turnover by 18% in 2007
EMS provider Neways, based in the Netherlands, had an exceptionally good year last year. In 2007 net turnover increased by 18%.
This growth was almost entirely organic. An improved product mix, capacity utilisation rate and efficiency were among the factors which helped Neways increase its operational margin to 7.5%, from 7.0% in the previous year. This contributed to a 30% increase in net result to a record EUR 14.5 million. The starting position for the first few months of 2008 is sound, with a 14% higher order portfolio at year-end 2007. In line with Neways’ strategy, gross turnover saw a slightly greater increase than net turnover. Neways’ role is changing from pure supplier to being a tactical and strategic partner for its clients. The Neways operating companies increasingly join forces to act as one-stop-provider. Gross turnover was up 20% at EUR 309.7 million in 2007, while net turnover increased by 18% to EUR 218.0 million. Turnover growth was booked in virtually all market segments. Due to the anti-cyclical character, the growth in the medical and defence sectors was particularly positive. The order portfolio as per year-end 2007 stood at EUR 74.8 million, an increase of 14% and 2% compared with year-end 2006 and end-June 2007 respectively. The higher turnover raised the gross margin by 16% to EUR 114.1 million. The change in the composition of turnover led to a drop in gross margin, in percentage terms, to 40.6% from 41.3%. An increasing part of turnover is derived from the construction of complete (box build) operating systems. This is accompanied by an increase in the purchase value of the turnover. The improvements in internal efficiency and capacity utilisation meant total operating expenses (including wage costs) increased less strongly in relative terms - by 13.7% - than turnover. The operating result was up 26% at EUR 21.0 million. The operational margin rose to 7.5% from 7.0%, well above the minimum margin target of 7%. Pre-tax profit came in at EUR 19.5 million, up 28% compared to the previous year. Interest expenses increased by 6% due to the higher capital demand related to the financing of the strong growth in the first half of 2007 and a higher interest rate compared to 2006. The tax burden came in at 25.5%. This resulted in an increase in net profit of 30% to EUR 14.5 million. As a percentage of turnover, the net result rose to 5.2%, from 4.7%. Net earnings per share rose by 29% to EUR 1.56, from EUR 1.21.
U.S. polysilicon makers laud Phase 1 of China deal The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.
Dupont explores divestiture of electronics unit Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.
AMD bolsters exec leadership team AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.
Webasto opens new battery centre in Jiaxing Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.
Panasonic to expand its manufacturing footprint in India Panasonic is looking to build a new wiring device factory in southern India. The new factory is scheduled to start production in autumn 2021, responding to the increased demand in the country.
Season Group strengthens wireless R&D & manufacturing capability Season Group has invested in, and installed, two high-speed and high-precision wireless communication testers - Rohde & Schwarz’s R&S CMW500 Wideband Radio Communication Tester and R&S CMW100 Communications Manufacturing Test Set.
Rocket Lab expands capabilities in So Cal Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.
PCB Piezotronics unveils new clean rooms PCB Piezotronics Inc., a wholly owned subsidiary of MTS Systems Corporation, has announced the completion of environmentally controlled clean rooms at their DePew, New York facility.
Sponsored content by CMLCML manufactures Insulated Metal Substrate (IMS) solutions Printed circuit boards (PCBs) plays an important role in our day to day life. Whether it’s the car you’re driving, the phone that you’re scrolling through or computers that you’re sending emails from. What happens when you use heat generating components on a PCB? That’s right, cooling is needed!
European loudspeaker company brings production back home Difficulties manufacturing smaller design series among reasons for the decision to return back to base.
China only region to register pure-play foundry market growth Rise of China-based fabless IC suppliers offers increased opportunities for foundries, IC Insights states in a recent report.
Mycronic receives first SLX order Swedish production equipment specialist, Mycronic, has recieved their very first order of its mask writer SLX.
600 new German jobs as VARTA expands production again The lithium-ion battery market continues to experiencing growth, currently the market is poised to continue to move forward with an annual growth of about 30% – and VARTA wants a big piece of the pie.
FTG achieves S9100D certification at acquired PCB fab Firan Technology Group Corporation has completed and received AS9100D Certification from SAI Global Ltd. for its recently acquired PCB manufacturing facility located in Fredericksburg, Virginia USA (formerly Colonial Circuits Inc.).
Dutch block sale of technology, China miffed Following ASML’s denial of an export license by the Dutch government to sell a piece of critical chip-making technology to the Chinese, China’s ambassador to the Netherlands has issued a statement expressing his country’s displeasure.
DuPont aids S. Korea in photoresist shortage The office of Korea’s Ministry of Trade, Industry, Sung Yun-mo, met with DuPont President Jon Kemp last week to confirm DuPont’s investment in the country’s need for diversification of its EUV photoresist supply.
Volvo building U.S. battery assembly plant In preparation for bringing a new line of electric vehicles to the U.S. market, Volvo announced it will build a battery assembly plant at its existing facility in Ridgeville, South Carolina.
New game consoles expected to trigger demand surge for graphics DRAM and SSD's TrendForce expects the year-end release of new generation game consoles to trigger a demand surge of graphics DRAM and SSD's during the second half of 2020.
A new year begins with new machinery at Swedish Microwave In Motala, Sweden sits Europe’s oldest manufacturer of Low Noise Block down-converters (LNB) for the global satellite market, namely Swedish Microwave (SMW). The company is now kicking off 2020 with an investment in production.
Lucid eyeing April reveal of pre-production sedan Luxury EV manufacturer Lucid has announced that production is underway in Silicon Valley of 80 beta prototypes of its luxury sedan, Lucid Air, to be unveiled in April in New York City.
Ideal Industries moving the ball forward at Cree Following its March announcement that Cree had sold off the entirety of its lighting business to Ideal Industries in a USD 310 million deal, Ideal said it would remain dedicated to pumping investment dollars into the now privately-held Cree Lighting.
Former pSemi exec and CEO Jim Cable retires pSemi Corporation has announced the retirement of former CEO and long-term executive Jim Cable.
Rohde & Schwarz inks agreement to use Benchmark's muscles The German electronics group has signed a strategic agreement with US EMS provider, Benchmark Electronics, to enhance its manufacturing capacities.
Stoneridge appoints new VP of operations Stoneridge Inc. has announced Kevin Heigel as its new vice president of operations.
Gartner: Worldwide semiconductor revenue declined 11.9% in 2019 Intel reclaimed top spot in global semiconductor market; Samsung moved to no. 2.Load more news