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VTech Announces FY2012 Annual Results

HONG KONG May 23, 2012

  • US$1,784.5 million
  • US$191.9 million
  • US$326.5 million
  • Final dividend of US60.0 cents per ordinary share, giving a total dividend for the year of US76.0 cents, a decrease of 2.6% over the previous financial year

VTech Holdings Ltd (HKSE: 303) 31 March 2012

http://photos.prnewswire.com/prnh/20090615/HKM004

31 March 2012 US$1,784.5 million North America Europe

US$191.9 million

The Board of Directors has proposed a final dividend of US60.0 cents per ordinary share. Together with the interim dividend of US16.0 cents per ordinary share, this gives a total dividend for the year of US76.0 cents per ordinary share, a decrease of 2.6% over the previous financial year.

China Allan Wong

Segment Results

North America

North America US$903.5 million North America

US$415.3 million

®

March 2012 ® Las Vegas

February 2012 baby monitors Video and Audio Monitor Digital Audio Monitor

North America US$308.5 million

® October 2011

Sales of standalone products during the financial year 2012 were essentially flat. Higher sales of preschool products offset lower sales of infant products.

North America US$179.7 million

Europe

Europe US$719.3 million Europe

US$215.4 million Europe Western Europe

Europe US$310.3 million Europe Grand Prix du Jouet France

® ® France Germany the Netherlands October 2011

Sales of standalone products were also higher due to growth in infant products and the Kidi-series. Toot-Toot Drivers, a line of infant smart vehicles and accessories launched during the financial year in several of the Group’s main European markets, performed especially well. Carried over inventory, however, led to a decline in sales of the Kidizoom range.

Europe US$193.6 million

Asia Pacific

Asia Pacific US$94.1 million

US$29.6 million March 2011 Australia China Asia

Asia Pacific US$17.5 million China Australia

Asia Pacific US$47.0 million

During the financial year, the Group gained a new Japanese customer in marine radio, who was attracted by VTech’s reputation in telecommunication products. The customer has been manufacturing these products in-house, but will transfer most of the production to VTech’s CMS plant in phases.

Other Regions

Latin America Middle East Africa US$67.6 million

US$46.0 million US$20.8 million US$0.8 million

Outlook

Europe

Europe

China

VTech foresees a rebound for TEL products in the financial year 2013. As the world’s number one manufacturer of cordless phones(3), the Group’s strong design capabilities, economies of scale and brand reputation will further strengthen its leadership position.

North America

Europe Germany

Asia Pacific Australia

Europe

North America Go Dinos North America May 2012

Europe Go Dinos Europe February 2012 Asia Pacific

Globally, VTech expects further expansion of ELP sales via online retailers, as it increases its focus on these channels.

November 2011 China

The Group expects to continue to add customers in the professional audio segment as its reputation grows. It will also benefit from further consolidation of the supplier base by its wireless headset customer. Business in switching mode power supplies should stabilise, though the market for solar power inverters may remain under pressure.

Marine radios, a new product category added in the financial year 2012, will see rapid growth over the next two years as the customer transfers more production to the Group. Growth in commercial solid state lighting will offset an anticipated further decline in consumer LED light bulbs.

"We have proven strengths in product development, a strong balance sheet, market leadership position and efficient operations. This should enable us to achieve further growth in revenue and hence deliver sustainable returns to shareholders," said Mr. Wong.

Remarks:

  1. MarketWise Consumer Insights, LLC
  2. The Global Telecommunications Market Report 2011 Edition published by MZA Ltd
  3. The Global Telecommunications Market Report 2011 Edition published by MZA Ltd

About VTech

VTech is the world’s largest manufacturer of cordless telephones and electronic learning products. It also provides highly sought-after contract manufacturing services.  Founded in 1976, the Group’s mission is to be the most cost effective designer and manufacturer of innovative, high quality consumer electronics products and to distribute them to markets worldwide in the most efficient manner.

Note:   

22:00, 23 May 2012 (HK time) www.vtech.com in the "Webcasts" section under "Investors".

For further information, please contact:

Grace Pang

VTech representative in Hong Kong

VTech Holdings Ltd

Gloria Chiu, GolinHarris

(852) 2680-1000 (office)

(852) 2501-7970 (office)

(852) 2680-1788 (fax)

(852) 2810-4780 (fax)

[email protected]

[email protected]

VTech representative in the US

Meredith Klein, GolinHarris

 (212) 373-6022 (office)

 (212) 373-6001 (fax)

[email protected]

SOURCE VTech Holdings Ltd

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