Asia Pacific Wire & Cable Corporation Limited Announces Full Year 2024 Financial Results and Filing of Annual Report on Form 20-F for 2024
Asia Pacific Wire & Cable (NASDAQ: APWC) has reported its full year 2024 financial results, showing mixed performance. Revenues increased 11.0% to $472.7 million from $425.8 million in 2023, with growth across all segments. Operating profit surged 546.5% to $10.0 million, up from $1.5 million in 2023.
By segment: Thailand revenue grew 4% to $172.8 million, driven by power cables sales and government projects. North Asia revenue increased 24% to $72.6 million, boosted by new customers and drone motor wire production. Rest of World revenue rose 14% to $227.3 million, with strong performance in Australia's construction sector and Singapore's public projects.
However, net income declined 9.9% to $3.5 million, with earnings per share dropping 10.5% to $0.17. Operating margins varied significantly: Thailand improved from -1.27% to 4.13%, North Asia decreased from 3.06% to -0.61%, and ROW declined from 4.31% to 2.29%.
Asia Pacific Wire & Cable (NASDAQ: APWC) ha riportato i risultati finanziari per l'intero anno 2024, evidenziando una performance mista. I ricavi sono aumentati dell'11,0% raggiungendo $472,7 milioni, rispetto ai $425,8 milioni del 2023, con una crescita in tutti i segmenti. Il profitto operativo è schizzato del 546,5% a $10,0 milioni, rispetto a $1,5 milioni nel 2023.
Per segmento: i ricavi della Thailandia sono aumentati del 4% a $172,8 milioni, sostenuti dalle vendite di cavi elettrici e dai progetti governativi. I ricavi della Nord Asia sono aumentati del 24% a $72,6 milioni, grazie a nuovi clienti e alla produzione di cavi per motori di droni. I ricavi del Rest of World sono aumentati del 14% a $227,3 milioni, con una forte performance nel settore delle costruzioni in Australia e nei progetti pubblici di Singapore.
Tuttavia, il reddito netto è diminuito del 9,9% a $3,5 milioni, con l'utile per azione che è sceso del 10,5% a $0,17. I margini operativi sono variati significativamente: la Thailandia è migliorata da -1,27% a 4,13%, il Nord Asia è diminuito da 3,06% a -0,61%, e il ROW è sceso da 4,31% a 2,29%.
Asia Pacific Wire & Cable (NASDAQ: APWC) ha informado sus resultados financieros para el año completo 2024, mostrando un desempeño mixto. Los ingresos aumentaron un 11,0% alcanzando $472,7 millones, en comparación con $425,8 millones en 2023, con crecimiento en todos los segmentos. El beneficio operativo se disparó un 546,5% a $10,0 millones, frente a $1,5 millones en 2023.
Por segmento: los ingresos de Tailandia crecieron un 4% a $172,8 millones, impulsados por las ventas de cables eléctricos y proyectos gubernamentales. Los ingresos de Asia del Norte aumentaron un 24% a $72,6 millones, beneficiados por nuevos clientes y la producción de cables para motores de drones. Los ingresos del Resto del Mundo aumentaron un 14% a $227,3 millones, con un fuerte desempeño en el sector de la construcción de Australia y en proyectos públicos de Singapur.
Sin embargo, el ingreso neto disminuyó un 9,9% a $3,5 millones, con las ganancias por acción cayendo un 10,5% a $0,17. Los márgenes operativos variaron significativamente: Tailandia mejoró de -1,27% a 4,13%, Asia del Norte disminuyó de 3,06% a -0,61%, y el Resto del Mundo bajó de 4,31% a 2,29%.
아시아 태평양 전선 및 케이블 (NASDAQ: APWC)는 2024년 전체 연도 재무 결과를 발표했으며, 혼합된 성과를 보였습니다. 수익은 11.0% 증가하여 2023년 $425.8 백만에서 $472.7 백만으로 증가했습니다. 모든 부문에서 성장세를 보였습니다. 운영 이익은 546.5% 급증하여 2023년 $1.5 백만에서 $10.0 백만으로 증가했습니다.
부문별로: 태국의 수익은 전력 케이블 판매 및 정부 프로젝트에 힘입어 4% 증가하여 $172.8 백만에 달했습니다. 북아시아의 수익은 새로운 고객과 드론 모터 와이어 생산에 힘입어 24% 증가하여 $72.6 백만에 도달했습니다. 기타 지역의 수익은 호주의 건설 부문과 싱가포르의 공공 프로젝트에서 강력한 성과를 보이며 14% 증가하여 $227.3 백만에 이르렀습니다.
그러나 순이익은 9.9% 감소하여 $3.5 백만에 도달했으며, 주당 순이익은 10.5% 감소하여 $0.17이 되었습니다. 운영 마진은 크게 달라졌습니다: 태국은 -1.27%에서 4.13%로 개선되었고, 북아시아는 3.06%에서 -0.61%로 감소했으며, 기타 지역은 4.31%에서 2.29%로 하락했습니다.
Asia Pacific Wire & Cable (NASDAQ: APWC) a annoncé ses résultats financiers pour l'année complète 2024, montrant une performance mitigée. Les revenus ont augmenté de 11,0% pour atteindre 472,7 millions de dollars, contre 425,8 millions de dollars en 2023, avec une croissance dans tous les segments. Le bénéfice d'exploitation a explosé de 546,5% à 10,0 millions de dollars, contre 1,5 million de dollars en 2023.
Par segment : les revenus de Thaïlande ont augmenté de 4% pour atteindre 172,8 millions de dollars, soutenus par les ventes de câbles électriques et les projets gouvernementaux. Les revenus de l'Asie du Nord ont augmenté de 24% pour atteindre 72,6 millions de dollars, renforcés par de nouveaux clients et la production de fils pour moteurs de drones. Les revenus du reste du monde ont augmenté de 14% pour atteindre 227,3 millions de dollars, avec une forte performance dans le secteur de la construction en Australie et les projets publics à Singapour.
Cependant, le revenu net a diminué de 9,9% pour atteindre 3,5 millions de dollars, avec un bénéfice par action en baisse de 10,5% à 0,17 dollar. Les marges opérationnelles ont varié considérablement : la Thaïlande est passée de -1,27% à 4,13%, l'Asie du Nord est passée de 3,06% à -0,61%, et le reste du monde est passé de 4,31% à 2,29%.
Asia Pacific Wire & Cable (NASDAQ: APWC) hat seine Finanzzahlen für das gesamte Jahr 2024 veröffentlicht, die eine gemischte Leistung zeigen. Die Umsätze stiegen um 11,0% auf $472,7 Millionen, verglichen mit $425,8 Millionen im Jahr 2023, mit Wachstum in allen Segmenten. Der Betriebsgewinn sprang um 546,5% auf $10,0 Millionen, von $1,5 Millionen im Jahr 2023.
Nach Segmenten: Die Umsätze in Thailand stiegen um 4% auf $172,8 Millionen, angetrieben durch den Verkauf von Stromkabeln und Regierungsprojekten. Die Umsätze in Nordasien erhöhten sich um 24% auf $72,6 Millionen, unterstützt durch neue Kunden und die Produktion von Draht für Drohnenmotoren. Die Umsätze im Rest der Welt stiegen um 14% auf $227,3 Millionen, mit starker Leistung im Bauwesen Australiens und öffentlichen Projekten in Singapur.
Allerdings ging das Nettogewinn um 9,9% auf $3,5 Millionen zurück, während der Gewinn pro Aktie um 10,5% auf $0,17 fiel. Die Betriebsmargen variierten erheblich: Thailand verbesserte sich von -1,27% auf 4,13%, Nordasien fiel von 3,06% auf -0,61%, und der Rest der Welt ging von 4,31% auf 2,29% zurück.
- Revenue growth of 11.0% to $472.7 million
- Operating profit surge of 546.5% to $10.0 million
- Thailand segment operating margin improved from -1.27% to 4.13%
- North Asia revenue increased 24% with expansion into drone motor wires
- Strong performance in Australia construction sector and Singapore public projects
- Net income declined 9.9% to $3.5 million
- Earnings per share decreased 10.5% to $0.17
- North Asia operating margin dropped from 3.06% to -0.61%
- ROW segment operating margin declined from 4.31% to 2.29%
Insights
APWC's 2024 results present a story of operational improvement despite bottom-line pressure. The company achieved strong revenue growth of 11% reaching
The Thailand segment stands out with a remarkable turnaround, shifting from a negative operating margin of
Despite operational improvements, net income declined
The company's strategic investments in specialized products for the EV industry demonstrate forward-thinking but are temporarily impacting profitability in the North Asia segment. The revenue growth across segments indicates strong market positioning despite competitive pressures, particularly from China in the ROW markets.
TAIPEI, Taiwan, April 02, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that on March 31, 2025, it filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F (the "2024 Annual Report") for the year ended December 31, 2024 and reported its financial results for the twelve months ended December 31, 2024. Unless otherwise indicated, all data are reported in U.S. Dollars at the exchange rate prevailing on the date of the event or result reported.
| Full Year 2024 Financial Results (Ended December 31, 2024) and 2023 comparative results | ||||
| Full Year 2024 | Full Year 2023 | CHANGE | ||
| Revenues | ||||
| Operating Profit | ||||
| Net Income | (9.9)% | |||
| EPS (1) | (10.5)% | |||
| (1) The calculation of the earnings per share is based on 20,616,227 basic and diluted weighted average common shares issued and outstanding for the twelve months ended December 31, 2024 and December 31, 2023. | ||||
Full Year 2024 Results
Revenues for the twelve months ended December 31, 2024 were
Operating profit of the Company for the twelve months ended December 31, 2024 was
We encourage shareholders to review our 2024 Annual Report filed with the U.S. Securities and Exchange Commission, and to visit the Company's website for further information (www.apwcc.com). Information on the Company's website or any other website does not constitute a portion of this release.
About Asia Pacific Wire & Cable Corporation Limited
Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan. Through its subsidiaries, the Company is principally engaged in the manufacture and distribution of full range of power cables, telecommunications fiber optic cables, electronic and winding wires in Thailand, Singapore, Australia, the Greater China region and certain other markets in the Asia Pacific region. The Company also provides project engineering services in the supply, delivery and installation of high-voltage cables in power distribution infrastructure projects. The Company’s major customers include appliance component manufacturers, electrical wire and cable dealers and distributors.
As global trade dynamics continue to evolve, the Company is proactively working with existing customers and supply chain partners in evaluating opportunities to expand its global operations, with a primary focus on the Americas and South Asia. Such plans are in the preliminary stages and require further feasibility studies. The Company is strengthening its core business by advancing its capabilities beyond high-performance wires and cables. The Company is actively exploring adjacent opportunities in renewable energy (solar power), next-generation energy storage solutions (vanadium redox flow batteries), as well as electric power systems (EV charging, powertrain modules, and wire harnesses), aligning with the growing demand for sustainable infrastructure.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports filed with the U.S. Securities and Exchange Commission and available on the website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
Investor Relations Contact:
Pacific Holdings Group
2901 Dallas Parkway, Suite 360
Plano, TX 75093
Attn: Paul Weber
Phone: (469) 797-7191
Email: pweber@pusa.com
FAQ
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