Delta Electronics expects improving 4Q13 gross margins
Sammi Huang, Taipei; Adam Hwang, DIGITIMES [Monday 28 October 2013]
Taiwan-based maker Delta Electronics expects gross margins for the fourth quarter of 2013 to increase from the 24.8% it posted in the third quarter due to an improvement in product mix and increased orders for passive components, company chairman Yancey Hai said at an October 28 investors conference.
Delta Electronics received orders for ultra-small passive components from a US-based client in April 2013 and then utilized in-house industrial automation capabilities to set up automated production lines for such products, Hai indicated. Delta Electronics began small-volume shipments of ultra-small passive components in July and large-volume shipments in September, Hai noted. As such products have high gross margins - possibly over 40% - Delta has been seeking other clients, including smartphone and tablet vendors, to improve overall gross margins, Hai pointed out.
For the consolidated revenues of NT$46.14 billion (US$1.55 billion) in the third quarter, 58.62% came from power supplies and related components, 19.93% from smart green life products, 17.50% from power management devices and 3.94% from others.
Delta Electronics will exhibit various energy-saving industrial automation solutions at the 2103 China International Industry Fair to take place in Shanghai, eastern China, during November 5-9, Hai said.
|
Delta Electronics: Final report, 3Q13 (NT$b)
|
|
Item
|
Amount
|
Q/Q
|
Y/Y
|
January-September
|
Y/Y
|
|
Consolidated revenues
|
46.14
|
6.2%
|
(1.2%)
|
128.42
|
(0.8%)
|
|
Gross margin
|
24.8%
|
down 0.4pp
|
down 0.6pp
|
25.2%
|
up 1.1pp
|
|
Net operating profit
|
4.92
|
6.5%
|
(10.2%)
|
13.78
|
6.1%
|
|
Net profit
|
4.53
|
4.6%
|
(6.4%)
|
13.05
|
10.5%
|
|
Net earnings per share (NT$)
|
1.86
|
|
|
5.38
|
|
Source: Company, compiled by Digitimes, October 2013
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