Yageo Reported 2019 September Consolidated Sales of NT$ 3,518 million2019/10/07
Yageo Corporation announced today its 2019 September consolidated sales of NT$ 3,518 million, up 3.0% m-o-m but down 65.7% y-o-y. The third quarter sales totaled NT$ 10,313 million, up 7.7% q-o-q but down 66.4% y-o-y. YTD sales reached NT$ 31,283 million, down 48.7% y-o-y.
Monthly revenue has been increased for three consecutive months, which reflected continuous demand increase in Greater China and other Asia regions. Foresee the fourth quarter, given that the inventory level of our customers has turned healthy, and increased end-demand improves sales momentum and utilization rate, the Company could achieve its internal safety stock target more efficiently by lowering finished goods turnover days from 90 days to 70 days. However, Yageo will still stay vigilant for the challenging environment and its sales and operation performance as the trade frictions remain intense.