Press Release
HannStar March sales up 15%
New medium sized panel applications set to fuel future growth
Hemel Hempstead, 17th April 2008
HannStar Display Corporation, parent company of global LCD monitor and TV brands HANNSG and HANNspree, today announced that net sales for March 2008 totaled US$225.29 million, a staggering 15% up on February 2008, and a 26.9% increase on a year-over-year basis. Revenues for January through to March 2008 saw an increase of 20.1% on a year-over-year basis.
March 2008 shipments, inclusive of large-sized monitor panels and HannsG monitors, reached 1.58 million units an increased of 7% on a month-over-month basis. Medium-sized panel shipment reached 602,000 units, up from 60,000 units in February after a shifted focus onto the medium-sized segment.
HannStar Display is planning to further increase its output of small to medium sized LCD Panels in line with the strong growing market demand. It is expected that HannStar will ship 5 million units of medium sized panels in the first half of this year which will account for around 10-15% of the company's revenues for first quarter sales.
"The chief applications of medium sized panels are currently for Digital Photo Frames and DVD players, however the new low-cost notebook market has recently received a boost in demand and we predict this market to fuel future growth", says David Joe, President, HannStar Display Corporation. "We have expanded our manufacturing output in line with this."
Offering higher margins than other sized panels, the increase in output of medium sized panels should see HannStar Display further raise its profitability substantially by Q3.
HannStar's subsidiary brands HANNSG and HANNspree are also set to benefit from the company's 2008 plans to increase output for the medium sized panel segment. Martin Kent, Territory Manager, UK and Northern Europe, HANNspree UK Ltd commented, "We already enjoy the manufacturing cost benefits that our parent company provides us which allow us to be extremely competitive in the UK and European markets and to boast very quick reactions to emerging market trends. The new manufacturing goals of our parent company should now also allow us to expand our product portfolio, as well as cement our position as a leader in the market."
-ENDS-
For further information, please contact: Kerri Chard The PR Room Tel: 0845 094 2902 kerri.chard@theprroom.co.uk
About HannStar
HannStar Display was established in June 1998. We are specialized in the manufacturing of TFT-LCD products and these main applications are in notebook computer displays and desktop computer monitors. At the beginning of our establishment, we have built up a clear operation concept, i.e., providing human beings with the most healthy visionary environment and dedicated to the R&D, manufacture and sales of low-radiation, low power consumption and compact & convenient TFT-LCD.
HannStar Display now has one LCD fabrications and one LCM fabrication. Through technology transfer from Toshiba and Hitachi, HannStar acquired the state-of-the-art TFT-LCD manufacturing technology with the highest efficiency for mass production. Our customers include leading electronics companies both in Taiwan and overseas. In the future, we start to build up a high-caliber technical team and develop our own technology to promote to a higher level of quality production.
About HANNspree
HANNspree is a leading brand of high-fashion LCD monitors in the European market. Established in June 2003 and headquartered in Taipei, Taiwan, HANNspree is a leading, worldwide manufacturer of LCD solutions, spanning Australia, China, Europe, Hong Kong, Japan, New Zealand, Taiwan and the US. The central manufacturing facilities are located in Taiwan and in China. HANNspree employs more than 800 people as part of its global operation.
European headquarters are based in Germany and the central office sales and marketing organisation from Fremont California. HANNspree also operates from a number of European subsidiaries including UK, Poland, Denmark, France Germany, Italy, Spain and Portugal.
Over the coming months, as part of its extensive expansion programme, HANNspree will open a number of exclusive retail stores throughout Europe.
HANNspree is committed giving its customers a brand and product range which will set themselves apart from the next person. The product range has been designed so that each and every consumer can create an environment that they can identify with - celebrating their personal style and creativity.
About HANNSG
HANNSG is a subsidiary of the Hannstar Display Corporation in Taiwan, one of the world's largest panel manufacturers and producer of various components used in the display industry. Hannstar produces LCD display, TV and notebook panels for many of the world's leading brands.
The core value of the HANNSG brand is to go beyond perfection and exceed expectations. Apart from basing its product designs on lifestyle aesthetics, every product from HannsG is the result of advanced technology and precision manufacturing processes. HANNSG also believes that brand value comes from endless innovation, so in every design you'll find creativity, and with every glance you will see meticulous attention to detail. Always the best, always innovative and always going beyond - that is HANNSG.
