Lite-On Technology (TW 2301) today reported September consolidated revenue of NT$20.36 billion, up 7% M-o-M and 5% Y-o-Y. With gradual growth month by month, the past three consecutive months hit monthly sales highs for 2013 while also hitting a 2-year record high. All Strategic Business Groups (SBG) showed steady growth, of which both Power SBG and Camera Module’s sales hit historical record highs in September. Cumulative consolidated revenue of Lite-On Tech from January to September reached NT$153.59 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 5% M-o-M and 4% 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 20% M-o-M and approximately 50% Y-o-Y.
For storage devices, thanks to increased demand and ongoing market share gains, Solid State Drive (SSD) posted a growth of over 30% 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 growth over the same period last year. Thanks to stable demand from branded customers and delivery growth, revenue from LED Lighting Components increased approximately 20% Y-o-Y. LED Street Lighting also posted a revenue growth of 40% Y-o-Y, driven by increased demand for energy saving solutions in North America and Taiwan, while Automotive LED Lighting sales also posted consecutive growth which resulted in an overall growth in Lite-On’s LED business of approximately 10% Y-o-Y.
Moreover, HIS (Human Input Solutions - PC keyboards and peripherals), supported by ongoing global market share gains as well as the smooth delivery of tablet keyboards, posted a revenue growth of approximately 10% Y-o-Y. Multi-Function Peripherals presented a revenue growth of approximately 20% Y-o-Y, mainly thanks to the smooth delivery of its new laser model, while Enclosure also posted a revenue growth of approximately 30% Y-o-Y, driven by the smooth delivery of high-end server enclosure products, which resulted in revenue growths of approximately 20% Y-o-Y in the Mechanical Competence SBG in September hitting a 2-year record high.
Contact:
Julia Wang Director,
Investor and Public Relations
Tel: +886-2-8798-2888
LiteOnTech.IR@liteon.com