Synnex(2347TW) Feb.’20 revenue fell 12%
2020.3.6

  Synnex preliminary consolidated financial results were as follows:

  Synnex consolidated sales revenue in Feb.’20 was NT$18.9bn, with a decrease of 12% YoY from NT$21.6bn. Remove the interference of Forex rate change, the revenue was decrease by 9% YoY. Due to the impact of Coronavirus outbreaks in China/Hong Kong, the revenues has declined significantly. However, except these two areas, the other rest have shown steady growth from 4% to 16%.

 

  By products breakdown were as follows:

  (1) IT revenue in Feb.’20 was NT$11.0bn, with a decrease of 19% YoY and shared 61% of total consolidated revenue.

 

  (2) Telecom revenue in Feb.’20 was NT$1.1bn, with a decrease of 24% YoY and shared 6% of total consolidated revenue.

 

  (3) Consumer Electronics revenue in Feb.’20 was NT$1.4bn, with slightly increase of 1% YoY and shared 9% of total consolidated revenue.

 

  (4) IC components revenue in Feb.’20 was NT$5.4bn, with increase of 4% YoY from NT$5.2bn in the prior year and shared 24% of total consolidated revenue.

 

  As for operation, 23 business operations out of 24 in China have resumed to work after the Chinese New Year. The attendance of these operations have exceeded 80% and business is back on track.

 

 

 

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