AU Optronics Corp. November 2008 Consolidated Revenue Totaled NT$17.8 Billion
Posted on: Monday, 8 December 2008, 03:37 CST
HSINCHU, Taiwan, Dec. 8 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp.
("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its
preliminary consolidated and unconsolidated November 2008 revenue of NT$17,754
million and NT$17,624 million, respectively. Caused by the continuing weakness
in global economic conditions, the revenue has declined 34.9% and 35.2%
sequentially, and dropped 66.8% and 67.0% year-over-year respectively.
For November 2008, shipments of large-sized panels(a) with applications on
desktop monitor, notebook PC, LCD TV and other applications totaled over 4.5
million units, which led to a 29.2% decline month-over-month. In addition, due
to seasonal demand, the shipments of small-and-medium-sized panels presented a
34.5 % sequential decline to 14.85 million units.
Based on the current available information and market conditions, previous
guidance given on October 23, 2008 is not applicable. The revised AUO's Q4
2008 business outlook updates are:
-- Large-sized panel shipments decline high-20% QoQ, with blended ASP down
around mid-20% QoQ,
-- Small-and-medium-sized panel shipments decline about 25% QoQ,
-- Fabs overall loading rate expect to be around 60%.
The company schedules to release its fourth-quarter results on January 22,
2009.
(a) Large size refers to panels that are 10 inches and above in diagonal
measurement while small and medium size refers to those below 10
inches
Sales Report :(Unit: NT$ million)
Net Sales (1) (2) Consolidated(3) Unconsolidated
November 2008 17,754 17,624
October 2008 27,261 27,211
M-o-M Growth (34.9%) (35.2%)
November 2007 53,438 53,364
Y-o-Y Growth (66.8%) (67.0%)
Jan to Nov 2008 409,193 407,273
Jan to Nov 2007 431,247 430,899
Y-o-Y Growth (5.1%) (5.5%)
(1) All figures are prepared in accordance with generally accepted
accounting principles in Taiwan.
(2) Monthly figures are unaudited, prepared by AU Optronics Corp.
(3) Consolidated numbers include AU Optronics Corp., AU Optronics (L)
Corporation, AU Optronics (Suzhou) Corporation, AU Optronics (Shanghai)
Corporation, Tech - Well (Shanghai) Display Co., AU Optronics (Xiamen)
Corp., Darwin Precisions (L) Corp., Toppan CFI (Taiwan) Co, Ltd. and
AU Optronics (Czech) s.r.o.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is the worldwide top 3 manufacturer* of thin film
transistor liquid crystal display panels (TFT-LCD). AUO is able to provide
customers a full range of panel sizes and comprehensive applications, offering
TFT-LCD panels in sizes ranging from 1.5 inches to greater than 65 inches. AUO
generated NT$480.2 billion (US$14.8 billion) in sales revenue in 2007 and now
houses a staff of more than 40,000 employees throughout its global operations
spreading across Taiwan, Mainland China, Japan, Singapore, South Korea, the
U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to
successfully list at the New York Stock Exchange (NYSE). For more information,
please visit AUO.com.
* DisplaySearch 3Q2008 WW Large-Area TFT-LCD Shipment Report dated October
29, 2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
SOURCE AU Optronics Corp.
Source: PR Newswire
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