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Advantech Reports FY2017 EPS of NT$8.84

3/2/2018

Advantech (ticker: 2395.TW) today announced the following consolidated financial results for the fiscal year ended December 31, 2017:

  • Revenue was NT$44.375 billion, up 6% YoY
  • Gross profit was NT$17.38billion, up 2% YoY
  • Net income was NT$6.149 billion, up 8% YoY
  • Earnings per share was NT$8.84, up 9% YoY

In US dollar, Advantech delivered US$1.455bn revenues in 2017, up 12% YoY. By business group, Embedded Core Group (ECG) was the best performed business group in 2017 with17% YoY revenues growth, following by Industrial IoT Group with 15% YoY revenues growth. In geographic overview, Europe and Emerging Market were the best performed regions with 24% and 29% YoY revenues growth respectively, following by Greater China and North America region, revenues up 9% and 4% YoY respectively in 2017.

“Reviewing year 2017, most of the results came in line with our original expectations in the beginning of year 2017. The biggest operating swing factors came from strong NT Dollar appreciation and component price hiking, which lead to our revenues growth and margin pressure. Looking forward the outlook in the first half of 2018, we expect stable demand in Europe and Greater China, while North America consistently delivers an improving revenues recovery since 2H17.” said Eric Chen, CFO and Corporate President of Advantech.

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