Tuesday, January 21, 2025

Johnson Electric Announces Third Quarter Business and Preliminary Financial Results for Fiscal Year 2024/2025

Posted in
Business
on
Johnson Electric Announces Third Quarter Business and Preliminary Financial Results for Fiscal Year 2024/2025
Johnson Electric Holdings Limited announced its unaudited financial results for the nine months ending December 31, 2024, reporting a 5% decline in sales to US$2,730 million from US$2,871 million in the previous year. The Automotive Products Group (APG) suffered a 4% decrease in sales, totaling US$2,314 million, driven by reduced light vehicle production and unfavorable customer mix across various regions. Conversely, the Industry Products Group (IPG) experienced a 7% drop to US$416 million, influenced by weak end market demand and heightened price competition. Chairman Dr. Patrick Shui-Chung Wang attributed these declines to lackluster global demand and macroeconomic uncertainties, expecting continued sales pressure moving forward, particularly during the upcoming fourth quarter, which is further complicated by the Chinese Lunar New Year holidays. He emphasized the importance of cost control and maintaining a conservative balance sheet amid these challenges.
Original source:
https://www.media-outreach.com/news/hong-kong/2025/01/15/355973/johnson-electric-reports-business-and-unaudited-financial-information-for-the-third-quarter-of-financial-year-24-25/

Read More

Ask Dr. Bulb
Got a question for Dr. Bulb?
Send him a message!
Our Sponsor
Access Fixtures Logo

DrBulb.com is sponsored by Access Fixtures

Dr. Bulb recommends checking out Access Fixtures for all your LED, commercial lighting, and sports lighting needs!

Categories

© 2024 DrBulb.com. All Rights Reserved.