• Follow Us On : 

Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2019/20


Redaksi | Rabu,15 Januari 2020 - 20:17:46 WIB
Dibaca: 188 kali 
Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2019/20

CHINA - Media OutReach - 15 January 2020 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company") for the business operations and selected unaudited financial information of the Company and its subsidiaries (the "Group") for the nine months ended 31 December 2019.

The Board of Directors of the Company considers the publication of quarterly performance updates to be consistent with international corporate disclosure best practice. The objective of this news release is to provide transparency and to ensure that investors and potential investors receive equal access to the same information at the same time.

The Group's sales for the nine months ended 31 December 2019 were US$2,338 million compared to US$2,436 million for the same period in 2018; a decrease of 4%. Excluding currency movements, sales decreased by 2% to US$2,390 million.

Foreign exchange rate movements had a negative effect of US$52 million on the Group's sales during the period. This was mainly due to the decline of the Euro and Chinese Renminbi versus the US Dollar, comparing average exchange rates for the nine months ended 31 December 2019 to the same period last year.

Automotive Products Group ("APG")
APG's sales for the nine-month period, as reported, decreased by US$27 million or 1%.

Excluding currency movements, APG's sales increased by 1%, an outperformance compared to the 6% decline in global light vehicle production volumes in the same period.  Sales changes by region in constant currency terms were as follows:

  • Asia decreased 3%
  • Europe was flat
  • Americas increased 8%

APG's sales outperformance compared to automotive industry production volumes was due to new product launches and production increases including thermal management and braking applications. The division's innovative technology and product portfolio remains well positioned to meet growing demand for the electrification of critical automotive functions to increase powertrain efficiency, reduce vehicle weight and improve safety, reliability and comfort.

Industry Products Group ("IPG")
IPG's sales for the nine-month period, as reported, decreased by US$72 million or 13%.

Excluding currency effects, sales decreased by 12% compared to the same period last year. Sales changes by region in constant currency terms were:

  • Asia decreased 13%
  • Europe decreased 13%
  • Americas decreased 10%

IPG's sales decreased in all regions reflecting lower demand and increased competitive pressure in many end-market segments. Furthermore, with the market downturn, customers are reducing inventory levels. These impacts were especially noticeable in the China export market as well as the floor-care, white goods, and lawn and garden segments.

Chairman's Comments on Year-to-Date Sales Performance and Outlook
Concerning the year-to-date sales performance and the outlook for the remainder of the current financial year, the Chairman and Chief Executive, Dr. Patrick Shui-Chung Wang, said, "Johnson Electric's overall sales trajectory continues to improve despite recessionary conditions in several industrial manufacturing markets in which the Group operates.

Our Automotive components division is achieving organic sales growth substantially above the global industry average and, based on current trends, we reaffirm our previous guidance that total Group sales for the second half of the financial year is expected to exceed that of the first half. As a result, excluding currency movements, full year total sales will likely be only slightly below that of the prior year."

Cautionary Statement
Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group's unaudited internal records and management accounts. This information has not been reviewed or audited by the Company's auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Kamis,08 November 2018 - 04:18:27 WIB

Johnson Electric Reports 9% Growth in Sales for The Half Year Ended 30th September 2018

Highlights of 2018/19 Half-Year Results Group sales US$1,678 million -- up 9% compared to first h

Selasa,25 September 2018 - 17:23:38 WIB

Johnson Controls-Hitachi Air Conditioning Announces Scholarship Program to Support Women’s Education in Asia

Johnson Controls-Hitachi Air Conditioning has donated US$50,000 to establish a scholarship program a

Rabu,06 November 2019 - 14:27:01 WIB

Johnson Electric Reports Results for the Half Year Ended 30 September 2019

Highlights of 2019/20 Half-Year Results Group sales US$1,565 million -- down 7% compared to first

Rabu,29 Mei 2019 - 03:54:57 WIB

Block Chain Depends on Stablecoin in the Next Ten Years丨DUSD Founder Johnson Zhao FINWISE Summit Named Speech

HONG KONG, CHINA - Media OutReach - 28 May 2019 - Abstract: New Y

Rabu,10 Juli 2019 - 16:22:56 WIB

Johnson Electric Reports Business and Unaudited Financial Information for the First Quarter of Financial Year 2019/20

CHINA - 10 July 2019 - This news release is made by Johnson Electric Holdings Limited ("Johnson

Jumat,17 Mei 2019 - 04:01:27 WIB

Johnson Electric Reports Increase in Sales and Net Income for the Year Ended 31 March 2019

Highlights of FY2018/19 Results For the financial year ended 31 March 2019, total sales amounted

BERITA LAINNYA
Rabu,19 Februari 2020 - 19:20:08 WIB

BNN Minta Oknum Aparat Terlibat Sindikat Narkoba Dihukum Mati

PEKANBARU - Badan Narkotika Nasional (BNN) bersama Bea-Cukai Dumai, Riau, membongkar sindikat penyel

Rabu,19 Februari 2020 - 18:47:22 WIB

DR Huda Sebut PT Bukara Dumai Bisa Disegel

DUMAI - Pakar Hukum Pidana Universitas Islam Riau (UIR) Pekanbaru DR Muhammad Nurul Huda menilai PT

Rabu,19 Februari 2020 - 17:24:13 WIB

Kapolda Riau Ajak Warga Dumai Jaga Kelestarian Hutan dan Lahan

DUMAI – Kepala Kepolisian Daerah Riau Irjen Pol Agung Setya Imam Effendi dalam kunjungan kerja

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI