Automotive EMS boosts Neways’ business

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In the first quarter of 2019, Neways recorded a net turnover of 132.9 million euros. This 8.7 percent year-on-year increase was entirely organic. The semiconductor, automotive and industrial sectors made the greatest contributions to the higher turnover; the medical sector remained more or less stable compared to Q1 2018. The Son-based EMS specialist saw its order intake grow by 31.8 percent to 201.1 million euros, largely driven by the automotive sector’s strong demand for electric car systems solutions. The order book rose to 372.2 million euros, a 22.4 percent increase when compared to year-end 2018.

‘Demand was once again particularly strong in the automotive sector, mainly for e-car system solutions,’ Neways CEO Huub van der Vrande explains. ‘Our order book is well filled, although we did see some reluctance in some areas of the market due to macro-economic developments. The strong demand and high activity levels, in combination with the scarcity on the market for components and the start-up of new projects, put a good deal of pressure on the organization, as it did last year. This means we need to remain alert and disciplined to follow our clients’ order patterns as efficiently as possible. For the full year 2019, we are well positioned to record a higher turnover and operating result than in 2018.’

Photo: Neways