Benefit from automotive lighting and IT business, Seoul 1Q18 semiconductor revenue of over 1 billion 600 million

The day before, South Korea LED (Seoul Semiconductor Co semiconductor maker Seoul Ltd) announced 2018 first quarter revenue. Although the first quarter is off-season, but Seoul semiconductor revenue growth to 283 billion won (about 1 billion 670 million yuan), this is mainly due to the general lighting (especially in the automotive lighting market segments and all applications) compared to achieve two digit growth, while IT with business growth than the high number of units.

Because Seoul semiconductor has diversified in the United States and the European Union, China client portfolio, although a South Korean car customer facing difficulties in the quarter, but sales of automotive lighting Seoul semiconductor is still up to achieve two digit growth.

The operating margin was 6.1%, affected by many factors, such as the won against the dollar; the usage rate of the seasonal decline in Vietnam; new production plants (usually in the establishment of new production base) to increase the cost of. In the next quarter, is expected to improve the utilization rate and improve the profits of U.S. manufacturing plants will.

EBITDA (EBITDA) rate was 16.3%, the 12 consecutive month EBITDA rate of 18.3%, continued to show good cash value.

Chief financial officer Sang bum Kim said that despite the seasonal decline in demand, Seoul semiconductor can still achieve revenue growth in the quarter, and this trend is expected to continue for the remainder of the year, because of SunLike, WICOP and Acrich series of differentiated products sales to increase the utilization rate, and the new factory in Vietnam Once started will also increase the utilization rate of.

Seoul semiconductor is expected in the second quarter 2018 revenue of 2800-3000 won (about 1 billion 650 million yuan -17.7 million yuan). (compiled: LEDinside James)

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