Yageo Reported 2020 February Consolidated Sales of NT$ 2,683 Million2020/03/09
Yageo Corporation announced today its 2020 February consolidated sales of NT$ 2,683 million, down 18.7% m-o-m and down 13.5% y-o-y, respectively. The YTD sales reached NT$ 5,985 million, down 24.0% y-o-y.
While the demand remains strong, the company’s main production plants in China were affected by the epidemic and the restrictions on resumption of work caused the output reduction by more than half compared to the previous month, resulting in decreasing finished products’ inventory level below 30 days and unsmooth order delivery and severe delay from transportation and custom declaration to cause revenue decline in February.
Currently we put safety, health, and government's regulations as top priority. Yageo will take necessary steps to gradually recover production capacity in China and plan to operate full capacity in Taiwan Kaohsiung plants. Despite the needs of global customers cannot be fully met in the short term, Yageo will do the best to reduce the impact on operations and stay vigilant during the challenging period and respond cautiously optimistic to its sales performance and operation outlook.