Yageo Reported 2019 December Consolidated Sales of NT$ 3,260 Million2020/01/06
Yageo Corporation announced today its 2019 December consolidated sales of NT$ 3,260 million, down 7.4% m-o-m and down 28.1% y-o-y, respectively. 2019Q4 sales reached NT$ 10,003 million, down 3.0% q-o-q and down 38.4% y-o-y, respectively. The full year sales reached NT$ 41,286 million, down 46.5% y-o-y.
Yageo’s consolidated sales in December was lower than last month mainly resulted from less working days owing to annual inventory counting, reduced shipment from customers in America and Europe region during holiday season, and the labor shortage in the production facilities with lower utilization rate resulted in decreasing inventory level of finished products and unsmooth order delivery.
Moving forward, Yageo is positive to increasing end-demand. As the order delivery lead-time has been extended from 45 days to 90 days and the inventory level of finished products continues to decrease, the company will make its best effort to increase utilization rate to fulfill customers’ demand. But it still depends on the progress of labor recruitment at the production facilities. Yageo will also stay vigilant for the challenging environment as the trade frictions remain uncertain and keep prudently optimistic to its sales and operation performance.