IR Newsletter 2nd Quarter 2019

 
IR NEWSLETTER
2Q19
BUSINESS RESULTS FOR 2Q19
In 2Q19, net revenue reached VND 2,006bn, achieving all-time high quarterly revenue in the Company’s history, growing 46% YoY. In general, such robust growth came from every businesses: (1) Laptops & tablets; (2) Mobile phones; (3) Office Equipment; and (4) Consumer goods:
Laptops and tablets: sales growth thanks to market share expansion and an increase in average selling price during the period.
– Newly launched phone models such as Redmi 7, Redmi note 7, Mi 9, Mi 9 SE, Nokia 3.2 …. has contributed to Mobile phones sales growth of 49% YoY, hence boosted mobile phone market share to 8%.
Office equipment: continued to grow 24% YoY, reaching VND 322bn with the main growth driver coming from Digital Transformation trend among SMEs community.
Consumer goods: revenue surged at 214%, reaching VND 63bn thanks to newly signed contracts.
BUSINESS RESULTS FOR 6M19
Net revenue in 6M19 reached VND 3,377bn (+28% YoY) and profit after tax reached VND
60bn (+44% YoY)
, equivalent to trailing EPS of VND 3,094.
With this achievement, in 6M19 DGW has completed 47% in revenue and 44% in net profit. Therefore, the probability for DGW to surpass 2019 plan is high, as in 2018, DGW just achieved 41.6% yearly plan but by the end of 2018, profit after tax surpassed plan by 36%.
Office Equipment
business continued its uptrend with + 22% growth YoY, specially with robust growth in Network & security Solution (+125% YoY) and IoTs (+52% YoY)
2Q ANALYSIS REPORTS UPDATE
BVSC: DGW – Maintain double digit growth in 2019 (available in Vietnamese only)
MBKE: DGW – Transformation for better future
SSI: Updates DGW – POSITIVE
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