Yageo Reported 2020 November Consolidated Sales of NT$ 7,670 Million2020/12/07
Yageo Corporation announced today its 2020 November consolidated sales of NT$ 7,670 million, up 6.5% m-o-m and up 117.9% y-o-y, respectively. The YTD consolidated sales reached NT$ 60,325 million, up 58.6% y-o-y.
November’s revenue was higher than previous month, mainly benefited from strong demands in American and European regions and normal working days in Chinese factories. However, due to the difficulty in recruiting enough workers in the production facilities before Chinese Lunar New Year, the company could not raise its utilization rate to a large extent in the near term and consequently it has difficulty to significantly increase the finished goods inventory level.
Although the global COVID-19 pandemic has not eased and the uncertainty of international trade dispute remains high, Yageo’s upgraded revenue structure and product portfolio has the ability to continue to fulfill multiple demand increase for customized high-end specialty products from future technologies. This will eventually help the company deliver even more stable revenue and profitability growth in the future.