SON, THE NETHERLANDS – Neways Electronics International posted net revenue for the first half of 2013 was EUR 131.4 million, down 9% year-over-year.

Net profit in the first six months of the year was EUR 900,000, down 59% compared to the same period last year. This profit excludes the earlier announced provision of net EUR 2.8 million taken in the first quarter for the closure and relocation of activities of Neways Electronics Echt.

Orders were EUR 69.8 million at the end of the first half of 2013, up 12% from year-end 2012.

The electronics manufacturing firm reported second-quarter revenue up 6% sequentially, and profit for the quarter improved.

Continuing high volatility in the EMS market led to a continued imbalance in capacity utilization across the Neways Group in the first half of the year, the company says. However, in recent months there has been a steady improvement in capacity utilization at various operating companies.

The total number of employees at the end of June was down slightly compared to a year earlier. The number of employees in Western Europe declined to 1,274, from 1,289 at year-end 2012. In Eastern Europe and China, the number of employees dropped to 632 at the end of June, from 656 at year-end 2012. Around 34% of the total Neways workforce is active in Eastern Europe and China.  

Ed. EUR 1 = US$1.3238

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