Seoul Semiconductor said on Monday that it is expecting sales between 310 billion won to 330 billion won in the first quarter of 2021.
This will be a jump between 27% to 33% from the same time period a previous year.
The LED maker said it has strengthened its global sales team and have differentiated product and customers that increased its competence.
The global ELD industry has reorganized after ten years of intense competition among companies, Seoul Semiconductor said. The company has secured a position for sustainable growth and was leading the second-generation technology development in the sector, it said.
Seoul Semiconductor recently won multiple injunction orders against its competitors in the North America and Europe.
The company’ second-generation technology refers to its various products such as Violeds, LED that is used for disinfection, and WICOP, package-less LED used mainly as car headlamps. It also includes SunLike, a LED that emits light close to natural.
Seoul Semiconductor claimed that to make MiniLED, WICOP was required.
In the fourth quarter, the company posted 310.5 billion won in sales and 14.4 billion won in operating income, a rise of 10.4% and 4%, respectively, from a year prior. It was slightly below South Korean analysts’ consensus of 312.5 billion won in sales and 20.1 billion won in operating income.
For the entire year of 2020, the company recorded 1.15 trillion won in sales and 59.5 billion won in operating income, a rise of 2% and 20.1%, respectively, from a year prior.
Seoul Semiconductor also said it will also run a 20 billion won share buyback program. It will increase its dividend payout ratio to 50% from the previous mid-20% for the next three years, the company added.
