Johnson Electric Reports Subdued Q1 Sales Amid Global Economic Uncertainty; Optimistic About Future Product Launches
Reuters
Jul 16
Johnson Electric Reports Subdued Q1 Sales Amid Global Economic Uncertainty; Optimistic About Future Product Launches
Johnson Electric Holdings Ltd. has released its business and unaudited financial information for the first quarter of the financial year 25/26. The company reported a notable increase in sales of piezo motors, driven by strong demand for medical drug-dosing systems and high-precision equipment used in semiconductor foundries. Despite this growth, Chairman and Chief Executive Dr. Patrick Wang noted that overall sales were impacted by a subdued macroeconomic environment and a decline in the market share of non-domestic automotive OEM customers in China. Looking ahead, Dr. Wang expressed caution due to the uncertain global tariff landscape, which may affect customer purchasing and investment decisions in the short term. However, he remains optimistic about the potential for growth in the second half of the financial year, supported by a promising pipeline of new product launches and business developments. The information provided is based on the Group's unaudited internal records and management accounts.
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