Announces WPG consolidated financial results for the third quarter and forecast for the fourth quater of 2023
2023-11-09
1.Date of occurrence of the event:2023/11/09
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:N/A
6.Countermeasures:N/A
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
WPG, the distributor of semiconductor components, announces 2023 Third
Quarter consolidated sales, operating income, net income and EPS
exceeding forecast. Consolidated sales and operating income achieved
NT$187.355 billion and NT$2.964 billion, +19.6% QoQ and +20.2% QoQ,
respectively. Net income and EPS was NT$1.592 billion and NT$0.95.
2023 Thrid Quarter key financial indicators Return on Equity (ROE) was
7.7%, Return on Working Capital (ROWC) was 8.3%.
The reasons for the above revenue growth is the downstream customers
continuously invest in networking and peripheral equipment and server,
growing demand for automation drives industrial electronics, and automotive
electronics related non-3C applications remains strong. In addition, North
America and Southeast Asia customers have put into production, driving
demand for semiconductor and related electronic components.
For 2023 Fourth quarter, based on an exchange rate assumption of NT$32.2
to the U.S. dollar, WPG forecasts consolidated revenue of NT$170 billion to
NT$180 billion, gross margin of 3.7% to 3.9%, operating margin of 1.6 % to
1.8%, net income of NT$1.377 billion to NT$1.714 billion, EPS of NT$0.82
to NT$1.02.