Hong Kong · Delayed Price · Currency is HKD Vtech Holdings Earnings Call Transcripts
Fiscal Year 2026
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Revenue and profit declined year-over-year, but gross margin improved on lower material costs. FY2027 is expected to see revenue growth, led by new ELPs, telecom innovations, and stable CMS, though margin pressure is anticipated.
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Revenue and profit declined year-over-year due to lower sales across all regions, but gross margin improved on cost efficiencies and product mix. Second-half sales are expected to recover, led by ELP and telecom products, while CMS remains weak. Expansion in Malaysia and new product launches, including AI-enabled offerings, are underway.
Fiscal Year 2025
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FY2025 revenue and gross profit grew, but operating and attributable profit declined. FY2026 revenue is forecast lower as tariffs and cautious ordering weigh, while margins are expected to remain broadly stable.
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H1 revenue declined 4.5%, but gross margin rose to 31.5%; profit attributable to shareholders fell 6.6%. FY revenue and profitability are forecast to improve, with Gigaset integration and H2 CMS stabilization key drivers.
Fiscal Year 2024
Fiscal Year 2023
Fiscal Year 2022
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H1 FY2022 revenue was nearly flat, but profit and margins fell sharply as material, freight and supply-chain costs rose. Strong orders were constrained by shortages; full-year revenue and gross margin are expected below FY2021, despite anticipated H2 improvement in ELP and telecom sales.
Fiscal Year 2021
Fiscal Year 2020
Fiscal Year 2019
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
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FY2016 revenue and profit declined amid currency pressure, weaker North American and European sales, and cyberattack disruption. FY2017 revenue is expected to rise, though LeapFrog integration will weigh on profitability.