Lite-On Technology (TW 2301) today reported May consolidated revenue of NT$16.49 billion and parent company consolidated sales of NT$10.31 billion, up 1% M-o-M and 4% M-o-M respectively. All of Lite-On’s Strategic Business Groups (SBG) showed stable order intakes, and cumulative consolidated revenue of Lite-On Tech and its parent company from January to May were NT$79.16 billion and NT$48.18 billion respectively.
Thanks to steady increases in the demand of cloud computing application and mobile devices, Power SBG posted sequential revenue growth, owing to ongoing market share gains in high-end Networking Devices and Server Power Management Systems. Meanwhile, Enclosure also posted a revenue growth of over 20% M-o-M, driven by the smooth delivery of high-end server enclosure products, while HIS (Human Input Solutions-PC keyboards and peripherals) posted a revenue growth of approximate 10% M-o-M, supported by ongoing global market share gains as well as the smooth delivery of tablet keyboards, resulting in a sequential revenue growth of 12% in the Mechanical Competence SBG.
LED components and Lighting products presented a remarkable revenue growth of 24% Y-o-Y and 13% M-o-M, thanks to substantial demand from branded customers and delivery growth. Revenue from LED lighting components increased approximately 100% Y-o-Y. LED Outdoor Lighting business, including street lighting and general illumination, also posted a revenue growth of approximately 70% Y-o-Y, driven by increased demands for energy saving solutions in North America, coupled with the strong delivery of tenders won in Taiwan. Meanwhile, Vehicle LED Lighting products also enjoyed remarkable consecutive growth, resulting from increased market demand, as well as ongoing market share gains in worldwide automotive branded customers.
Contact:
Julia Wang
Director, Investor and Public Relations
Tel: +886-2-8798-2888
LiteOnTech.IR@liteon.com