Neways Sees Near-Term Sales, Profits Falling PDF Print E-mail
Written by Mike Buetow   
Friday, 02 November 2012 09:16

SON, THE NETHERLANDS -- Neways said third-quarter sales were essentially flat year-over-year but that a fourth quarter decline is likely.

The electronics manufacturing services provider reported third-quarter sales rose EUR 300,000 to EUR 69.5 million. The fourth quarter outlook is cloudy, however, given caution among clients noted in the past 45 days.

Based on the adjusted forecast for the fourth quarter, 2012 sales will be well below those of 2011, and the company expects to book a loss in the fourth quarter, which is likely to lead to a substantial drop in net profit for the full year 2012.

Bookings remain relatively stable, the company said, an indication that most orders planned for the final months of 2012 have been postponed. The order portfolio stood at EUR 66 million as of Sept. 30, down roughly 3% from June 30.

The diminished near-term forecast lowered third-quarter profit, and Neways has made various organizational changes its subsidiary in Kassel and will lay off 70 to 80 flex workers in order to cut costs.




Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


KIC Debuts K2 Thermal Profiler
K2 thermal profiler has plug-and-play hardware and a graphical user interface said to make profiling both quick and easy. Enables each thermocouple to use its own unique process window, while...