Delta February revenues down 20% sequentially but up 20% on year

Power supply device maker Delta Electronics has announced revenues of NT$11.1 billion (US$382.2 million) for February, down 20% sequentially but up 20% from a year earlier. Lite-On Technology saw consolidated revenues dip to 7.91 billion, declining 7% from a year earlier.

Of Delta's February revenues, 45% came from power supplies, 18% from components, 9% from industrial automation, 4% from display solutions, and 24% from other businesses.

Delta is scheduled to announce results from the fourth quarter of 2010 and 2011 guidance on March 10 at an investors meeting.

Lite-On indicated that though February sales declined, March orders are optimistic. The company's various product lines should each see a 20-30% sequential increase. In regards to labor shortages in China, Lite-On noted that the issue has been resolved at the end of February. First-quarter revenues will be roughly equal to that of the previous quarter and growth will resume in the second quarter.

Delta and Lite-On have both made in roads to the market for electric car battery chargers. The Taiwan government is expected to invest NT$9.7 billion over the next six years in the development of smart electric cars. Lite-On has recently received certification from Japan-based Nissan and the two companies will jointly establish electric car infrastructures in Taichung, central Taiwan. Delta is scheduled to be certified in July.

Source: Companies, compiled by Digtimes, March 2011

Article translated by Willie Teng