Synnex(2347TW) Apr’21 revenue increased 38% YoY,continuing to record highs
2021.05.06

  Synnex (TWSE:2347) has overwhelmingly hit the record high in its April revenue, enormous growth has been seen in every product category and has driven the consolidated revenue reach the historical high of April at NT$31.8bn. It is the first breakthrough revenue over than 30 billion in the month of April, with annual growth rate of 38%. Synnex optimistically expects the momentum of sales to be continued and look forward that new sales record high in the second quarter would take place. In addition, Synnex have resolved and declared cash dividend of NT$3.3 per share, and set the ex-dividend trading date on June 8th.

 

  Synnex expressed that in April, the market continued to be in a strong situation, and the demand was even stronger than in the first quarter. Even under the pressure of tight supply and rising prices, sales momentum is still quite strong. Among them, IC components hit a record high over the same period, with a substantial growth of 72%. At the same time, IT products, driven by setting new highs in Australia, New Zealand, Indonesia, and substantial growth in China, also reached a new high over the same period, with a growth of 18%. Consumer Electronics continued to benefit from the effect of the stay-at-home economy, with a substantial growth of 68%. And Telecom also grew 24% due to the 5G replacement wave.

 

  The first four months revenue accumulated to NT$ 118.6bn. In terms of product, IT sales revenue was NT$62.3bn, up 10% YoY and shared 52% of total revenue. Telecom sales revenue was NT$5.5bn, up 28% YoY and shared 5%. Consumer Electronics sales revenue was NT$12.5bn, up 69% YoY and shared 11%. IC components revenue was NT$ 38.3bn, up 62% YoY and shared 32%.

 

 

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