YAGEO Reported 2023 September Consolidated Sales of NT$ 9.461 Billion
2023/10/05YAGEO Corporation announced today its 2023 September consolidated sales of NT$ 9.461 billion, up 5.0% m-o-m but down 7.1.% y-o-y, respectively. The third quarter consolidated sales totaled NT$ 27.359 billion, up 2.1% q-o-q but down 11.1% y-o-y, respectively. The YTD consolidated sales achieved NT$ 80.246 billion, down 13.0% y-o-y.
September’s consolidated sales was higher than previous month mainly due to early restocking from customers before October holidays in China. But the supply chain's inventory and end demand adjustments still continue.
Moving forward to the fourth quarter, as the number of working days will be reduced due to October holidays in China and December holiday season globally, and macro uncertainties such as market demand/supply, rising inflation, and international conflicts are still there, YAGEO will closely monitor the market situation and stay prudently to its sales and operation outlook.
