CDW Holding 1H2025: Expects operating loss, but smaller than 1H2024; BLU shipments down ~15.8%; OEM rebounding; cost controls in place
Link: https://links.sgx.com/1.0.0/corporate-announcements/LXRTHQ3ZVZPE300L/37f247685d220849b7c485cb14fc9c75dff1e6f3e4360823429ad79bc8c2b3b9
Summary:
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Guidance: Group anticipates a consolidated operating loss for 1H2025, primarily due to weak end-user markets and subdued demand for LCD Backlight Units (BLU).
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Shipments: Total BLU shipments declined by approximately 15.8% year-on-year.
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Year-on-year comparison: The operating loss is expected to be lower than in the corresponding period of the previous year.
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Mitigation measures: Rigorous cost control and operational improvements reduced expenditures and improved profitability metrics.
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Segment performance: OEM business showed a rebound and contributed positively, partially offsetting BLU weakness.
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Next steps: Full unaudited 1H2025 results to be released on or before 14 August 2025; investors advised to exercise caution.