Lite-On Technology (TW 2301) today reported October consolidated revenue of NT$19.45 billion, up 9% Y-o-Y. All strategic business groups showed steady growth, of which both Power SBG and Camera Module’s sales hit consecutive historical record highs in October. Cumulative consolidated revenue of Lite-On Tech from January to October reached NT$173.04 billion.
Thanks to steady increases in the global demand for networking devices and server power management systems in cloud computing applications, mobile devices and game consoles, Power SBG posted a revenue growth of approximately 20% Y-o-Y; Camera Module, supported by high pixel product expansion and smooth delivery, as well as ongoing gains in the global market-shares of smartphones and tablets, posted remarkable revenue growth of over 50% Y-o-Y.
For storage devices, thanks to increased demand and ongoing market share gains, Solid State Drive (SSD) posted a substantial growth of approximately 70% M-o-M and over 100% Y-o-Y. Products for game console applications also posted remarkable growth, resulting from smooth delivery coupled with peak season effects.
LED Components and Lighting products posted a growth of approximately 10% Y-o-Y. Thanks to stable demand from branded customers and delivery growth, revenue from LED Lighting Components increased approximately 50% Y-o-Y. LED Street Lighting also posted a revenue growth of over 10% Y-o-Y, driven by rising demand for energy saving solutions in North America, while vehicle LED Lighting also posted consecutive sales growth.
Moreover, Multi-Function Peripherals presented a revenue growth of approximately 10% Y-o-Y, mainly thanks to the delivery growth of its new laser model, while Enclosure also posted a revenue growth of over 30% Y-o-Y, driven by the smooth delivery of high-end server enclosure products, which resulted in revenue growths of approximately 10% Y-o-Y in the Mechanical Competence SBG in October.
Contact:
Julia Wang
Director, Investor and Public Relations
