Yageo Reported 2020 May Consolidated Sales of NT$ 4,486 Million


Yageo Corporation announced today its 2020 May consolidated sales of NT$ 4,486 million, up 1.0% m-o-m and up 37.6% y-o-y, respectively. The YTD sales reached NT$ 18,947 million, up 5.8% y-o-y.


Despite fewer working days for Chinese factories due to local 5-days holiday, monthly revenue in May continued to deliver further growth than previous month, mainly benefited from gradual improvement in production and capacity utilization at the Chinese factories and stable demands from end customers.


Currently the company's operations, orders, and shipments remain healthy and normal. The resumption of production and workforce at Chinese factories has also seen steady improvement. Yageo will gradually recover its capacity utilization and solve the issue of low inventory level for finished goods, to provide quality service and fulfill customers’ demands. Yageo continues to stay vigilant during the challenging period and respond cautiously optimistic to its sales performance and operation outlook.