Semiconductor Distributor - WPG (TSE:3702) Announces the Consolidated Sales of September 2008 at NT$14.38 Billion (US$451 Million)
2008-10-16
Semiconductor Distributor - WPG (TSE:3702) Announces the Consolidated Sales of September 2008 at NT$14.38 Billion (US$451 Million)
The Third Quarter 2008 Revenue Reaches NT$41.91 Billion (US$1.34 Billion) with 21% Quarter over Quarter Growth
Date:2008/10/16
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, announces September 2008 consolidated sales attains NT$14.38 billion (US$451 Million), and the 2008 third quarter revenue reaches NT$41.91 billion (US$1.34 billion), a 21% increase in comparison with the previous quarter. Thanks to the growth in demand of the 3C product in emerging market and the passive components market penetration, WPG September 2008 revenue hits record high again this year and meets the expectations.
Driven by continuing profit growth and improving efficiency in working capital management, WPG generates NT$3 billion (US$93 million) positive cash flow with the lowest inventory cycle this year, and will continue to run the company prudently, while managing the business responsibly to take advantage of growth opportunities.
WPG has strong presence in Asia as shown by over 100 authorized semiconductor component suppliers, 4 main warehouses, 32 branch offices and more than 1500 sales related personnel in the region; Trans-national marketing, sales and supply chain; Design-win, technical support & "solution provider" culture are what we provide to support OEM/ODM clients in Asia-Pacific, especially China emerging markets. Other than NB, UMPC, Mobile Phone, Apple i-Phone, Notebook PC and Networking, besides, WPG now has built partnership with Samsung Electro-Mechanics, Littlefuse, Vishay, Sagami, Showa Denko in passive component market, delivering good results as anticipated. "We are confident in our ability to keep in the leading position in the Asia-Pacific marketplace, not only in sales but also the profitability and the cash flow performance," said Simon Huang, Chairman and President.
Sales growth is mainly driven by the Asia Pacific and China emerging domestic markets. Year-to-date sales breakdown by region was as follows: 71% from China (incl. HK), 19% from Taiwan, 9% from ASEAN and 1% from Korea.
Year-to-Date sales breakdown by product category was as follows: 44% from core chips (CPU, MPU, chipsets), 33% from standard chips (logic, analog/linear, discrete and ASSP), 9% from memory chips (DRAM, SRAM, Flash, EEPROM), 5% from passive components, and 9% from others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 DID: 886-2-7712-5268 / 886-2-27068268 ext.5278 DID: 886-2-7712-5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
The Third Quarter 2008 Revenue Reaches NT$41.91 Billion (US$1.34 Billion) with 21% Quarter over Quarter Growth
Date:2008/10/16
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, announces September 2008 consolidated sales attains NT$14.38 billion (US$451 Million), and the 2008 third quarter revenue reaches NT$41.91 billion (US$1.34 billion), a 21% increase in comparison with the previous quarter. Thanks to the growth in demand of the 3C product in emerging market and the passive components market penetration, WPG September 2008 revenue hits record high again this year and meets the expectations.
Driven by continuing profit growth and improving efficiency in working capital management, WPG generates NT$3 billion (US$93 million) positive cash flow with the lowest inventory cycle this year, and will continue to run the company prudently, while managing the business responsibly to take advantage of growth opportunities.
WPG has strong presence in Asia as shown by over 100 authorized semiconductor component suppliers, 4 main warehouses, 32 branch offices and more than 1500 sales related personnel in the region; Trans-national marketing, sales and supply chain; Design-win, technical support & "solution provider" culture are what we provide to support OEM/ODM clients in Asia-Pacific, especially China emerging markets. Other than NB, UMPC, Mobile Phone, Apple i-Phone, Notebook PC and Networking, besides, WPG now has built partnership with Samsung Electro-Mechanics, Littlefuse, Vishay, Sagami, Showa Denko in passive component market, delivering good results as anticipated. "We are confident in our ability to keep in the leading position in the Asia-Pacific marketplace, not only in sales but also the profitability and the cash flow performance," said Simon Huang, Chairman and President.
Sales growth is mainly driven by the Asia Pacific and China emerging domestic markets. Year-to-date sales breakdown by region was as follows: 71% from China (incl. HK), 19% from Taiwan, 9% from ASEAN and 1% from Korea.
Year-to-Date sales breakdown by product category was as follows: 44% from core chips (CPU, MPU, chipsets), 33% from standard chips (logic, analog/linear, discrete and ASSP), 9% from memory chips (DRAM, SRAM, Flash, EEPROM), 5% from passive components, and 9% from others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 DID: 886-2-7712-5268 / 886-2-27068268 ext.5278 DID: 886-2-7712-5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com