Synnex(2347TW) Mar’16 revenue was NT$28.9bn Q1’16 revenue was NT$78.3bn (YOY +11%)
2016.04.11

        Synnex preliminary consolidated financial results were as follows:
        Synnex consolidated sales revenue in Mar’16 was NT$28.9bn, and Q1’16 sales revenue accumulated to NT$78.3bn, with an increase of 11% YOY.

 

       By products breakdown were as follows:

       (1). IT sales revenue in Mar’16 was NT$15.6bn. Q1’16 sales revenue was NT$42.9bn, with an increase of 10% YOY and shared 55% of total consolidated sales revenue.

 

       (2). Telecom sales revenue in Mar’16 was NT$1.8bn. Q1’16 sales revenue accumulated to NT$5.3bn, with a growth of 19% YOY and shared 7% of total consolidated sales revenue.

 

       (3). Consumer Electronics sales revenue in Mar’16 was NT$2.7bn. Q1’16 sales revenue accumulated to NT$8.8bn, with a decrease of 3% YOY and shared 11% of total consolidated sales revenue.

 

       (4). IC components revenue in Mar’16 was NT$8.8bn. Q1’16 sales revenue accumulated to NT$21.3bn, with an increase of 19% YOY and shared 27% of total consolidated sales revenue.

 

  Looking at the sales performance in Q1’16, IT sales showed above 10% YOY continuous growth, and it could view as the sign of the positive growth in IT market. Telecom sales revenue was back to NT$5bn in the past two quarters, with 20% YOY growth. Consumer electronic sales decreased with 3% YOY, but the decrease scale had reduced, showing the recovery from the bottom. IC components revenue also showed 20% YOY growth in the last two quarters. From the regional perspective, the sales in each area performed continuous growth. China already recovered from the bottom, heading toward the positive growth. Australia, New Zealand performed remarkably with strong growth, and other region remained stable growth as well. 
 

  Furthermore, Synnex launched a tender offer and have acquired 55.4% of Bestcom’s total outstanding shares, plus the original holding shares, reaching to 96.3% of shares. Synnex will start second stage acquisition and ultimately to hold 100% of its shares.

 

 

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