VTech Completes Acquisition of Assets of Gigaset Communications GmbH
HONG KONG, April 5, 2024 /PRNewswire/ -- VTech Holdings Limited ("VTech", HKSE: 303), a global leader in electronic learning products from infancy through toddler and preschool and the largest manufacturer of residential phones inthe United States, today announced that Gigaset Technologies GmbH (...
VTech Completes Acquisition of Assets of Gigaset Communications GmbH
HONG KONG, April 5, 2024 /PRNewswire/ -- VTech Holdings Limited ("VTech", HKSE: 303), a global leader in electronic learning products from infancy through toddler and preschool and the largest manufacturer of residential phones inthe United States, today announced that Gigaset Technologies GmbH (...
VTech to Acquire Assets of Gigaset Communications GmbH
Strategic Acquisition Strengthens VTech's Global Businesses and Operations HONG KONG and BOCHOLT, Germany, Jan. 24, 2024 /PRNewswire/ -- VTech Holdings Limited ("VTech", HKSE: 303), a global leader in electronic learning products from infancy through toddler and preschool and the largest manufact...
VTech Announces 2023/2024 Interim Results
HONG KONG, Nov. 15, 2023 /PRNewswire/ -- Higher profit as operating expenses decreased and gross margin improved * Group revenue decreased 2.1% to US$1,140.9 million * Gross profit margin rose from 28.3% to 28.5% * Profit attributable to shareholders of the Company increased 14.1% to US$9...
VTech Announces FY2023 Annual Results
HONG KONG, May 17, 2023 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303) today announced its results for the year ended31 March 2023. * Group revenue declined by 5.4% to US$2,241.7 million * Gross profit margin was 28.3%, as compared with 28.2% in FY2022 * Profit attributable to sharehol...
VTech Announces 2021/2022 Interim Results
HONG KONG, Nov. 15, 2021 /PRNewswire/ -- * Global material shortages, supply chain disruptions and rising costs affected results * Group revenue decreased 0.8% to US$1,114.8 million * Gross profit margin fell from 31.8% to 27.4% * Profit attributable to shareholders of the Company decli...
VTech Announces FY2021 Annual Results
HONG KONG, May 18, 2021 /PRNewswire/ -- * Group revenue increased 9.5% to a record US$2,372.3 million * Profit attributable to shareholders of the Company rose 21.1% to a record US$230.9 million * Final dividend of US74.0 cents per ordinary share, resulting in a record full-year dividend...
VTech Completes Acquisition of Mexican Manufacturing Facility from QSC, LLC
HONG KONG, April 8, 2021 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303) announced today that it has completed the acquisition of a production facility inTecate, Mexico from QSC, LLC for manufacturing wood enclosure loudspeakers. The acquisition was announced on 20 January 2021. In addition ...
VTech Announces Collaboration with Save the Children
HONG KONG, March 29, 2021 /PRNewswire/ -- The COVID-19 pandemic has posed unprecedented challenges on a global scale. Children living in poverty have been particularly affected as schools are closed and they lack the facilities and equipment to learn at home. As a global leader in electronic lear...
VTech to Acquire Mexican Manufacturing Facility from QSC, LLC
HONG KONG, Jan. 20, 2021 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303) today announced that it has signed an agreement with QSC, LLC to acquire its production facility inTecate, Mexico for manufacturing wood enclosure loudspeakers. QSC, LLC is a globally-recognised leader in the design, e...
VTech to Launch Green Electronic Learning Products with Sustainability Pledge 2030
HONG KONG, Jan. 19, 2021 /PRNewswire/ -- Hong Kong – VTech Holdings Limited (HKSE:303) announced today that it will launch a variety of green electronic learning products in 2021, which marks an important step for its sustainability commitment towards replacing fossil based plastics with sustaina...
VTech Announces 2020/2021 Interim Results
HONG KONG, Nov. 9, 2020 /PRNewswire/ -- * COVID-19 brought unprecedented challenges to the Group's operations * Group revenue was flat at US$1,123.6 million * Gross profit margin improved from 30.7% to 31.8% * Profit attributable to shareholders of the Company rose 4.7% to US$123.6 ...
VTech Announces FY2020 Annual Results
HONG KONG, May 18, 2020 /PRNewswire/ -- * Group revenue increased by 0.2% to US$2,165.5 million * Profit attributable to shareholders of the Company grew by 11.3% to US$190.7 million * Gross profit margin increased from 29.4% to 30.6% * Dividend payout ratio reduced to 70.0% to conserve c...
VTech Announces 2019/2020 Interim Results
Higher revenue and profit with improved margins HONG KONG, Nov. 11, 2019 /PRNewswire/ -- * Group revenue increased by 12.0% to US$1,124.1 million * Profit attributable to shareholders of the Company rose by 31.0% to US$118.0 million * Gross margin increased from 29.5% to 30.7% * Interi...
VTech Announces FY2019 Annual Results
HONG KONG, May 20, 2019 /PRNewswire/ -- * Group revenue increased by 1.5% to US$2,161.9 million * Profit attributable to shareholders of the Company decreased by 17.0% to US$171.3 million * Final dividend of US50.0 cents per ordinary share, resulting in a full-year dividend of US67.0 cen...
VTech Announces 2018/2019 Interim Results
Continued growth in Asia Pacific despite lower Group revenue HONG KONG, Nov. 12, 2018 /PRNewswire/ -- * Group revenue decreased by 3.5% to US$1,003.5 million * Profit attributable to shareholders of the Company declined by 13.0% to US$90.1 million * Interim dividend of US17.0 cents per o...
VTech Completes Acquisition of Pioneer Corporation's Manufacturing Facility in Malaysia
HONG KONG, Aug. 21, 2018 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303) announced today it has completed its acquisition of a manufacturing facility in Malaysia owned by Pioneer Technology (Malaysia) Sdn. Bhd., a subsidiary of Pioneer Corporation. The acquisition of the manufacturing facili...
VTech Announces FY2018 Annual Results
* Group revenue increased by 2.4% to US$2,130.1 million * Profit attributable to shareholders of the Company increased by 15.3% to US$206.3 million * Final dividend of US63.0 cents per ordinary share, resulting in a full-year dividend of US80.0 cents per ordinary share, an increase of 14.3% ...
VTech to Acquire Manufacturing Facility from Pioneer Corporation
HONG KONG, May 4, 2018 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303) announced today that it has signed an agreement with Pioneer Corporation under which VTech will acquire a manufacturing facility inMalaysia owned by Pioneer Technology (Malaysia) Sdn. Bhd., a subsidiary of Pioneer Corporati...
VTech Announces Settlement with the US Federal Trade Commission on Cyber Attack Incident
HONG KONG, Jan. 8, 2018 /PRNewswire/ -- VTech Holdings Limited (VTech, HKSE: 303) announced that its wholly owned subsidiaries, VTech Electronics Limited and VTech Electronics North America, L.L.C., have reached a settlement with the US Federal Trade Commission (FTC) to resolve an investigation o...
