Advantech keeps double-digit growth target as it begins restructuring plan

COMPETITIVE ADVANTAGE:Daiwa Capital Markets cut the revenue growth forecast for the firm, but maintained its rating due to Internet of Things applications potential

Taipei Times
Date: Aug 04, 2015
By: Lauly Li  /  Staff reporter

Industrial computer maker Advantech Co (研華科技) yesterday said it would stick to its goal of growing annual revenue by a double-digit percentage this year after reporting 7.97 percent annual growth in revenue for the first half of the year.

“Given [rising] demand from China, North America and Europe, we are confident that revenue growth momentum in the first half of this year can carry into the remainder of this year,” Advantech investor relations manager Jill Su (蘇智蘋) said in a teleconference.

Daiwa Capital Markets Inc cut its forecast for Advantech’s revenue growth in the second half of this year from the previous estimate of 20 percent annual growth to 13 percent to 14 percent growth from last year’s NT$17.24 billion (US$543.76 million), citing weaker client demand.     [FULL  STORY]

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