YAGEO Reported 2023 December Consolidated Sales of NT$ 8.948 Billion2024/01/08
YAGEO Corporation announced today its 2023 December consolidated sales of NT$ 8.948 billion, down 4.3% m-o-m and down 0.6.% y-o-y, respectively. The fourth quarter sales totaled NT$ 27.361 billion, flattish q-o-q but down 5.0% y-o-y, respectively. The full year consolidated sales reached NT$ 107.607 billion, down 11.1% y-o-y.
December’s consolidated sales was lower than previous month, mainly attributed to fewer working days due to annual inventory counting and reduced shipments from customers in Americas and Europe during year-end holiday season.
Moving forward, the client's inventory adjustment is estimated to end in the second quarter, and the supply chain’s inventory level is expected to gradually become healthier. As macro uncertainties such as market demand/supply, rising inflation, and international conflicts are still there, in addition, there are fewer working days in February due to Lunar New Year holidays in Greater China region, YAGEO will closely monitor the market situation and stay prudently to its sales and operation outlook.