YAGEO Reported 2024 February Consolidated Sales of NT$ 8.461 Billion
2024/03/07YAGEO Corporation announced today its 2024 February consolidated sales of NT$ 8.461 billion, down 15.6% m-o-m and down 1.5% y-o-y. The YTD consolidated sales achieved NT$ 18.482 billion, up 8.1% y-o-y.
February’s consolidated sales was lower than previous month, mainly attributed to fewer working days due to the Lunar New Year holidays.
Moving forward, the client's inventory adjustment is estimated to end in the second quarter, and the supply chain’s inventory level gradually become healthy despite macro uncertainties such as market demand/supply, rising inflation, and international conflicts are still there. The company will closely monitor the market dynamics and stay optimistic to AI demand and business outlook.
