IT + CE
Delta Electronics 2Q20 gross margin hit record
Ninelu Tu, Taipei; Adam Hwang, DIGITIMES

Power supply maker and energy management solution provider Delta Electronics has reported its second-quarter 2020 gross margin of 32.87% and operating profit margin of 13.11% both hit quarterly records.

The coronavirus pandemic has boosted demand for notebook- and server-use power supplies supporting remote work and study, and demand for industrial automation components to support production of masks and ventilators, said company CEO Cheng Ping.

Power supplies and related components accounted for 53.54% of second-quarter consolidated revenues of NT$70.694 billion (US$2.40 billion); devices for ICT and energy infrastructure, 31.52%; and devices for industrial and building automation, 14.88%, Delta said.

Based on orders received, consolidated revenues for the third quarter will grow sequentially but business outlook for the fourth quarter is uncertain, Cheng noted.

Delta Electronics: Financial results, 2Q20 (NT$b)

2Q20

Q/Q

Y/Y

1H20

Y/Y

Consolidated revenues

70.694

26.97%

(3.65%)

126.373

(0.87%)

Gross margin

32.87%

6.39pp

5.88pp

30.05%

3.34pp

Operating profit

9.265

368.07%

72.57%

11.245

32.17%

Net profit

7.597

267.51%

(20.28%)

9.665

(25.09%)

Net EPS (NT$)

2.92

3.72

Source: Company, compiled by Digitimes, July 2020

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