Neways records growth all over in 2014

Neways recorded net turnover of EUR 308.6 million in 2014, an increase of 16.5% compared with 2013 (EUR 265.0 million). Net profit increased to EUR 7.0 million, from EUR 1.9 million in 2013. Net profit from ordinary operations came in at EUR 5.3 million in 2014, compared with EUR 4.7 million in 2013. The improvement in turnover and profit was largely due to a relatively good first half, the consolidation of BuS Group from 11 July and positive demand throughout the year, especially from the automotive sector. Turnover and profit growth came under pressure as clients in the semi-conductor and medical sectors made planning adjustments at short notice and postponed orders, especially in the second half of the year. This led to a lack of balance in capacity utilisation within the group. The acquisition of BuS Group has created greater balance in Neways’ activities across the market sectors, which immediately has reduced the volatility of turnover and contributes to profit development of the group as a whole, the company writes in a press statement. Turnover and order book In 2014, gross turnover rose to EUR 337.2 million, an increase of 15% compared with 2013. Internal turnover was slightly higher than in the previous year. Turnover rose by 16.5% to EUR 308.6 million on a year-on-year basis. At year-end 2014, the order book stood at EUR 155.9 million, compared with EUR 68.5 million at year-end 2013. The main reasons for the sharp increase in the order book were the addition of BuS Group’s order book (around EUR 68 million).