Lite-On Technology Reports Nearly Flat 2018 Revenue

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Lite-On Technology has reported consolidated sales of NT$50.5 billion ($1.637 billion) for the fourth quarter of 2018, with gross margin and operating margin of 13.4% and 3.7%, respectively. Net profits were NT$2.5 billion, up by 10% year-on-year, with EPS of NT$1.08, attributable to yearly growth of cloud computing, consumer electronics, coupled with stable demand from vehicle LED lighting.

Lite-On posted 2018 consolidated revenue of NT$207.1 billion, up 1% year-on-year, excluding the transferred mobile camera module business revenue, thanks to the growth from cloud computing and LED/outdoor lighting as well as product-mix improvement. The gross margin and operating margin were 13.1% and 3.6%, and net profits were NT$7.96 billion, with EPS of NT$3.42, up 203% year-on-year.

Opto-electronics accounted for 21% share of total sales, as a result of the increased demand of invisible LED, ongoing market share gains in LED components and smooth delivery of vehicle lighting presented in 2018.

The IT business accounted for 58% of total revenue, of which, ongoing delivery growth of high-end server and networking power management systems and server enclosures for cloud computing, coupled with ongoing market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals) supported the business to deliver the yearly growth. Meanwhile, the storage segment accounted for 16% of total revenue.

Looking ahead, the company's stable core-business development is expected in the first quarter of 2019, supported by cloud computing, invisible LED/ vehicle lighting and AI smart home devices.