Neways Posts H1 Net Revenue Up 1.7%
Published: 29 August 2014
EINDHOVEN, THE NETHERLANDS – Neways Electronics International recorded net revenue of EUR 133.6 million in the first half of 2014, up 1.7% year-over-year.
Net profit was EUR 3 million in the first half, up 233% compared to the same period in 2013.
Demand in the automotive industry remains strong, but demand in the semiconductor sector continues to be volatile, says Neways.
Neways’ orders stood at EUR 60.8 million at the end of June 2014, compared with EUR 68.5 million at year-end 2013.
Gross revenue increased 6% year-over-year to EUR 151.5 million in the first half of 2014.
In April, Neways announced the intended acquisition of BuS Group in Germany. Neways expects to complete the acquisition at the end of September.
Ed.: EUR 1 = US$ 1.3164
