Yageo Reported 2020 December Consolidated Sales of NT$ 7,328 Million2021/01/07
Yageo Corporation announced today its 2020 December consolidated sales of NT$ 7,328 million, down 4.5% m-o-m but up 124.8% y-o-y, respectively. The fourth quarter sales totaled NT$ 22,199 million, up 1.1% q-o-q and up 121.9% y-o-y, respectively. The full year consolidated sales reached NT$ 67,653 million, up 63.9% y-o-y.
December’s consolidated sales was lower than previous month mainly resulted from less working days due to annual inventory counting and reduced shipment from customers in Americas and Europe during holiday season.
Moving forward, Yageo is positive to the end-demand momentum in the first quarter of 2021. The company will gradually increase MLCC’s capacity utilization rate up to 90% and R-chip’s capacity utilization rate up to 80%, while running full-capacity for Tantalum capacitors. Furthermore, the Greater China plants will also reserve adequate manpower to work overtime during the Chinese New Year to meet steadily increased market demands.
Yageo will stay vigilant for the challenging environment as the global COVID-19 pandemic has not eased and the trade frictions remain uncertain, and keep prudently optimistic to its revenue and operational outlook.