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Turnover Sons electronics company Neways continues to be held back by scarcity of chips and other components | Eindhoven

SON – Neways continues to suffer from shortages of chips and other components. The turnover of the Sonse electronics group decreased in the past quarter. Neways is also taking into account a ‘depressing effect’ on turnover in the fourth quarter.




The Sonse group is active in the chip sector, industry, automotive and medical sector. It is a supplier of parts and modules for, among others, ASML, Philips, Thermo Fisher and major German car manufacturers such as BMW.


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Demand from the chip sector remains strong. We have acquired a number of great projects in the medical sector. We also notice that customers are scaling up in industry and the automotive sector.

Eric Stodel, Neways

According to CEO Eric Stodel, there is a ‘clearly higher demand’ in all sectors. “Demand from the chip sector remains strong. We have acquired a number of great projects in the medical sector. We also notice that customers are scaling up in industry and the automotive sector.”

Additional orders

The size of the total order book increased further in the past quarter from 334 million euros to 356 million euros. Earlier this year, material shortages in the world meant that Neways customers ordered extra parts for safety reasons. That effect on the order inflow has now disappeared. In the third quarter, “there is some degree of normalization in demand,” the company said.

Neways achieved a turnover of 116 million euros in the third quarter. That is more than four percent lower than in the same period of 2020. Compared to the second quarter of 2021, there was a slight increase of more than one percent.

Alternative components

CEO Stodel believes that Neways succeeds ‘above averagely’ in dealing with the scarcity of components. In consultation with customers and suppliers, it anticipates shortages, looks for alternative components or develops solutions by changing the design of parts.

Discuss takeover bid

Neways will hold a special shareholders’ meeting on Tuesday in connection with the intended takeover by the Twente investment company Infestos. Shareholders will discuss, among other things, the offer and the composition of the supervisory board, which will include two representatives of Infestos.

Majority is in

The takeover is basically complete. Infestos itself has acquired almost 8.5 percent of the shares in Neways. The bidder is also assured of the support of 41.75 percent of the other shareholders. This means that Infestos already has slightly more than the majority of the pieces.

Three major shareholders ZBG (28 percent), Menor Investments (7.5 percent) and OtterBrabant (5.5 percent) have agreed to accept Infestos’ offer of 14.55 euros per share. The offer period for other shareholders runs until 27 October.

It is not yet clear whether rival VDL – which previously wanted to take over Neways itself – wants to sell its 27 percent package to Infestos. VDL will only announce this around the closing of the offer period, CEO Willem van der Leegte has announced.

Turnover Sons electronics company Neways continues to be held back by scarcity of chips and other components | Eindhoven
Source link Turnover Sons electronics company Neways continues to be held back by scarcity of chips and other components | Eindhoven

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