Yageo Reported 2019 October Consolidated Sales of NT$ 3,223 million2019/11/08
Yageo Corporation announced today its 2019 October consolidated sales of NT$ 3,223 million, down 8.4% m-o-m and 49.0% y-o-y respectively. YTD sales reached NT$ 34,505 million, down 48.7% y-o-y.
Monthly revenue was lower than previous month, mainly affected by fewer working days in October by one-fourth due to Chinese national holidays. Foresee the fourth quarter, given the Company could not raise its utilization rate to a large extent in the near term due to labor shortage in production facility in Mainland China and consider the increased end-demand in the Greater China region and order pulling momentum from distribution channel, the Company expects its internal finished goods safety stock level will further decline. However, Yageo will still stay vigilant for the challenging environment and its sales and operation performance as the trade frictions remain uncertain.
For more information, please contact:
Investor and Public Relations, Yageo
TEL: +886-2-66299999 ext. 3788