AU Optronics Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2014; Provides Earnings guidance for the first quarter and full year of 2015; Provides Capex guidance for 2015 and 2016; Announces Expansion plans for 2016
January 29, 2015 at 07:13 am EST
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AU Optronics Corp. announced unaudited consolidated earnings results for fourth quarter and year ended December 31, 2014. For the quarter, the company reported consolidated revenues of TWD 105.45 billion, down 1.3% from the previous quarter. Operating profit was TWD 8.82 billion. Net profit for the fourth quarter of 2014 was TWD 6.57 billion. Net profit attributable to owners of company was TWD 6.00 billion, with a basic EPS of TWD 0.62. Cash flow from operating activities came in at nearly TWD 18 billion. CapEx was around TWD 3 billion.
For the fiscal year of 2014, the company announced revenues of TWD 408.18 billion, a decrease of 2.0% year-over-year. Net profit was TWD 18.06 billion, with a basic EPS of TWD 1.83. Operating profit was TWD 22.17 billion. CapEx was roughly TWD 17 billion. ROE also returned back to more than 10%, which is a relatively healthier level.
CapEx in 2015 and 2016 will be around TWD 40 billion, including the investments for a low-temp fab in Kunshan and 8.5 Gen fab capacity expansion.
The company also reported that the first quarter will likely be the bottom of the year, and operating performance will improve sequentially in 2015.
In 2016, the company planned to add capacity by 25k to 30k sheets to 8.5 Gen fab, which will translate to a 5% increase to capacity. The new capacity will go online in 2016. In light of the expansion in capacity, it will need new and more employees.
AUO Corp is a Taiwan-based company mainly engaged in the research, development, manufacture and sale of thin film transistor liquid crystal displays (TFT-LCD). The Company operates its business through two segments: Display and Energy. The Display segment is mainly engaged in the manufacture of TFT-LCD, and the products are mainly used in various flat-panel displays, including LCD televisions, desktop monitors, notebook computers, tablet computers, mobile phones, automotive monitors, industrial and commercial monitors, among others. The Energy segment is principally engaged in the manufacture and sale of solar modules and systems. The Company mainly provides its products in mainland China, Taiwan, Singapore, Japan and other regions.
AU Optronics Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2014; Provides Earnings guidance for the first quarter and full year of 2015; Provides Capex guidance for 2015 and 2016; Announces Expansion plans for 2016