AU Optronics Corp. Reports September 2010 Consolidated Revenue
HSINCHU, Oct. 5 /PRNewswire-Asia-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated September 2010 revenue of NT$41,986 million, down by 3.6% month-over-month but up 2.5% year-over-year.
Large-sized panel(a) shipments for September 2010, with applications on desktop monitor, notebook PC, LCD TV and other applications, totaled around 9.51 million units, down by 4% from the previous month. As for small-and-medium-sized panels, the shipments amounted to nearly 20.14 million units, up by 11% month-over-month.
Due to customers' inventory adjustments and weaker-than-expected panel prices, AUO's consolidated revenues in the third quarter of 2010 fell 3.3% quarter-over-quarter to NT$124,403 million. Compared to the same quarter a year ago, this figure suggests a year-over-year increase of 11.8%.
In the third quarter of 2010, large-sized panel shipments reached 28.67 million units, with a decrease of 3.2% from the last quarter but an increase of 7.4% year-over-year. Shipments of small-and-medium-sized panels in the same quarter reached around 55.59 million units, up by 0.3% quarter-over-quarter but down by 14.2% year-over-year.
(a) Large size refers to panels that are 10 inches and above in diagonal measurement while small and medium size refers to those below 10 inches. Sales Report :(Unit: NT$ million) Net Sales(1)(2) Consolidated(3) Unconsolidated September 2010 41,986 39,946 August 2010 43,545 41,684 M-o-M Growth (3.6%) (4.2%) September 2009 40,978 39,446 Y-o-Y Growth 2.5% 1.3% Jan. to Sep. 2010 364,553 347,096 Jan. to Sep. 2009 244,470 240,115 Y-o-Y Growth 49.1% 44.6% (1) All figures are prepared in accordance with generally accepted accounting principles in Taiwan. (2) Monthly figures are unaudited, prepared by AU Optronics Corp. (3) Consolidated numbers include AU Optronics Corp., AU Optronics (L) Corp. and its affiliates, Darwin Precision Corp. and its affiliates, BriView Electronics Corp., Toppan CFI (Taiwan) Co, Ltd., and AUO Energy Taiwan Corp. Revenue of Lextar Electronics Corp. and its affiliates is no longer included in the consolidated numbers starting from this July.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is a global leader of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers with a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.2 inches to greater than 65 inches. AUO generated NT$359.3 billion (US$11.2 billion) in sales revenue* in 2009 with global operations in Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO extended its market to the green energy industry in late 2008, and formally founded its Solar Photovoltaic Business Unit in October, 2009. For more information, please visit AUO.com.
* 2009 year end revenue converted at an exchange rate of NTD31.95:USD1.
Safe Harbor Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release are "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on May 11th, 2010.
SOURCE AU Optronics Corp.