Advantech, a pioneer in Industrial IoT, held an online investor conference. Advantech’s 2021 operating revenues and profits both hit historic highs, reaching year-on-year growth of 15% and 14% respectively. However, due to component shortages and rising costs, the annual operating gross margin was 37.8%, the consolidated net income after tax was NT$8.25 billion and the annual EPS reached NT$10.67.
Eric Chen, President of General Management commented, “Looking ahead to 2022, and benefiting from infrastructure upgrades in major markets and demands related to the electric vehicle and new energy business, the outlook for each business unit remains optimistic and the overall operating momentum is strong. The first quarter of 2022 is expected to be outperformed compared to historical off-season level. It is estimated that revenues will fall in the range of US$550 to US$570 million, and the operating margin ratio will be 16% to 18%.”
