EINDHOVEN, THE NETHERLANDS – Neways Electronics reported first quarter net revenue of €127.2 million (US$138.3 million), down 4.3% year-over-year.

The EMS company said orders in the first quarter were slightly down at €118.6 million.

Revenue is expected to be lower in the first half of 2020 as a result of the Covid-19 pandemic.

Ed.: €1 = US$1.09