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AU Optronics Reports NT$11.83 Billion Net Profit Attributable to Owners of the Company for First Quarter 2021

Single-quarter profitability returning NT$ ten-billion-level

AU Optronics Corp. ("AUO" or the "Company") (TWSE: 2409) today held its investor conference and announced its consolidated financial results for the first quarter of 2021(1).

 

Consolidated revenues for the first quarter of 2021 were NT$82.94 billion, up by 3.0% quarter-over-quarter. AUO’s net profit attributable to owners of the Company for the first quarter of 2021 was NT$11.83 billion, with a basic EPS(2) of NT$1.25.   

 

In the first quarter of 2021, the total panel area shipment reached around 6.35 million square meters, down by 6.3% quarter-over-quarter and up by 15.2% year-over-year.

 

Highlights of consolidated results for the first quarter of 2021

  • Revenues of NT$82.94 billion
  • Operating profit of NT$12.02 billion
  • Net profit attributable to owners of the Company at NT$11.83 billion
  • Basic EPS(2) was NT$1.25
  • Gross margin was 22.0%
  • Operating margin was 14.5%
  • EBITDA(3) margin was 24.8%

 

Looking back to the first quarter, demand for stay-at-home related applications continued to be robust. While panel area shipment decreased from the previous quarter due to component supply tightness and less working days, revenues for the first quarter were up by 3.0% quarter-over-quarter and increased significantly by 54.5% year-over-year driven by persisting upward pricing trend. In terms of profitability, operating profit for the first quarter was NT$12.02 billion, returning to NT$ ten-billion-level.

 

Looking into the second quarter, robust demand remains, while industry undersupply is not expected to be eased in the near term. The Company will continue its dedication to value transformation strategy, extending its core display technology into diversified smart fields to build up ecosystems. Our goal is to become an acknowledged industry leader in technological innovation and total solution, and to deliver stable profitability in the long term.

 

 

(1) All financial information was prepared by the Company in accordance with Taiwan IFRS.

(2) Basic EPS in the first quarter of 2021 was calculated based on the weighted average outstanding shares of the reporting quarter (9,500 million shares).

(3) EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.