LITE-ON Technology Reports First Quarter Sales of NT$48.53 Billion With EPS of NT$0.45

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Press Releases

2018/04/27

LITE-ON Technology (2301-tw) today reported first quarter consolidated sales of NT$48.53 billion, supported by stable market growths from Cloud computing, LED/ Outdoor lighting, AI Smart Home devices and Gaming applications. Due to fewer working days in the first quarter, smaller sales scales, coupled with increased cost pressure, gross margin and operating margin were 11.1% and 1.6% respectively, and net profits were NT$1.04 billion with EPS of NT$0.45. Net cash reached NT$27.1 billion, thanks to the aggressive working capital management.

Opto-electronics accounted a 25% share of total sales in the first quarter. Thanks to the growing demand from invisible LED, ongoing market share gains in LED components, smooth delivery of vehicle lighting, coupled with street lighting’s increased shipment to Middle East market, overall LED/Outdoor Lighting posted a growth of approximately 20% Y/Y.

Information Technologies business accounted for 52% of total sales, of which, ongoing delivery growth of high-end server and networking power management systems for cloud computing as well as power supplies for AI Smart Home devices, supported Power Systems to achieve a growth of over 10% Y/Y. Meanwhile, Storage business accounted for 16% of total revenue.

Looking forward, sequential sales growth and margin expansion are expected in the second quarter, resulting from stable market demand of LED/Vehicle Lighting, Cloud Computing, AI Smart Home and Gaming applications.

Press Contact:

Julia Wang, Sr. Director of IR/PR +886-2-8798-2888

LITEONtech.IR@liteon.com