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Thai EMS Firm SVI Reports 8% Sales Growth in Q1 2021


Thai EMS Firm SVI Reports 8% Sales Growth in Q1 2021
Thailand-based EMS firm SVI Public Co. Ltd posted consolidated sales of THB3.46 billion ($114.7 million) for the first quarter of 2021, up by 7.7% compared to the same period last year. Compared to the fourth quarter of 2020, Q1 2021 was down by 6.4% mainly due to the material shortages throughout the industry, while demand from customers continue to be strong. Communications and Network, Industrial Control, and Automotive and Public Transportation were key contributors to sales this quarter.
SVI reported consolidated gross profit for of THB280 million ($9.3 million) for Q1 2021, down by 3.4% from the same quarter last year. Consolidated gross profit margins contracted to 8.1% from 9% in Q1 2020 but remained the same at 8.1% compared to the previous quarter. The contraction was the result of challenging market environment and appreciation in Thai Baht. I ....

Timothy Mclean , Sagi Reuven , Zac Elliott , Siemens Digital Industries Software , Clean Solutions , Public Co , Sales Growth , Industrial Control , Public Transportation , தீமோத்தேயு மக்லீந் , சகி றெஊவேன் , ஜாக் எலியட் , ஸீமெந்ஸ் டிஜிட்டல் தொழில்கள் மென்பொருள் , ஒல்லியான தீர்வுகள் , பொது இணை , விற்பனை வளர்ச்சி , தொழில்துறை கட்டுப்பாடு , பொது போக்குவரத்து ,