Neways Electronics International N.V. (Euronext: NEWAY) (“Neways”’; the “Company”) today publishes the trading update for the third quarter (Q3) and the first nine months (9M) ending 30 September 2018.
- Net turnover came in at € 126.0 million in Q3-18, an increase of 16.0% compared to Q3 2017. Turnover in the first nine months of 2018 amounted to € 373.0 million, up 15.6% compared to the same period of 2017. Strong demand across the board and especially in the semiconductor and automotive sectors
- Order intake down in Q3 18, but remains at a relatively high level
- Growth potential not fully realised due to persistent shortage of components
- Well–stocked order book and improvements realised in operational management expected to contribute to expected increase in turnover and profitability in the full year 2018 compared to 2017
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