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YAGEO Reported 2022 October Consolidated Sales of NT$ 9.805 Billion

2022/11/09

YAGEO Corporation announced today its 2022 October consolidated sales of NT$ 9.805 billion, down 3.7% m-o-m but up 13.9% y-o-y, respectively. The YTD consolidated sales achieved NT$ 102.065 billion, up 14.1% y-o-y.

 

October’s consolidated sales was lower than previous month, mainly attributed to fewer working days in Chinese factories due to Chinese national holidays and continued inventory adjustment from standard products, while the company's premium business still maintains a steady demand momentum.

 

Currently, the company's premium business, which accounts a higher proportion of the total revenue, maintains steady order momentum, but the standard products' inventory adjustment might extend longer than expected. YAGEO will continually monitor the macro uncertainties, such as global pandemic outbreak, lockdowns in China, rising inflation, and international conflicts, and stay cautiously optimistic to its sales and operation outlook.

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