Neways turnover up 4.9% at € 531.7 million; operating result of € 15.1 million in 2019

Son (the Netherlands), 21 February 2020 – Neways Electronics International N.V. (Euronext: NEWAY) (“Neways” or the “Company”), today announces its results for the financial year ending on 31 December 2019.

 

HIGHLIGHTS
• Net turnover up by 4.9% to € 531.7 million on the back of strong demand in Automotive (in particular e-mobility)
• Order book down by 4.1% to € 291.4 million, but remains at a healthy level
• EBITDA comes in at € 30.3 million (including IFRS 16 effect of € 5.1 million), compared to € 30.2 million in 2018
• Operating result comes in at € 15.1 million, down € 5.9 million from 2018 but in line with the adjusted profit forecast published in January
• Net cash flow increased by € 20.9 million to € 16.4 million, largely due to a strong reduction in inventories
• Net result of € 8.5 million, which translates to € 0.70 per share; cash dividend proposal of € 0.28 per share (40% pay-out in line with the dividend policy)
• Changes in the composition of the Supervisory Board and an increase from three to four members

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The German version of the results will follow later on.