All data are based on the daily closing price as of November 22, 2024

AirTAC International Reports Record Revenue for April, Driven by Diverse Sector Growth

April revenue at AirTAC International soars to NT$3.112 billion, marking a significant uptick from March and the previous year due to robust demand across several industries
Taiwan
a 1590.TW Mid and Small Cap 2000
Share this on

AirTAC International, a prominent manufacturer of pneumatic components, disclosed an impressive record revenue of NT$3.112 billion for April, exceeding previous months and yearly comparisons. This notable 15.8% year-over-year increase, up from NT$2.688 billion, is attributed to heightened shipments in sectors such as electronics, automotive, textile machinery, and more. Sequentially, April’s figures rose by 6.2% from NT$2.931 billion in March.

The company’s strong performance is bolstered by sustained high order volumes outpacing shipments, maintaining a positive outlook for the fiscal year. AirTAC International credits the spike in revenue to a robust demand across diverse machinery sectors including general machinery and packaging, driven by a surge in electronic and automotive equipment needs.

For the cumulative first four months of the year, AirTAC International’s revenue tallied at NT$10.318 billion, marking a 7.55% increase year-over-year. With a strategic focus on high-margin products and enhanced production efficiencies, the company remains optimistic about its market position and profit prospects.

Furthermore, AirTAC International forecasts substantial growth for its linear slide rails, projecting revenues to hit NT$800 million. This outlook is supported by increasing demand anticipated to peak in the third quarter, promising stronger second-half shipments compared to the first.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top