Compared to the previous year, Flextronics' sales revenue decreased by 16.2%. At the same time, the added value has remained essentially unchanged, the company says in its annual report published this Thursday.
The primary reason for the decline was the termination of a partnership agreement with a significant share of materials in the industrial business, which alone resulted in a 22% decrease in revenue. This was partly offset by the increase in the automotive order book, which generated a 5% increase in sales revenue through newly won projects.
The volume of changes in lifestyle, services and other industrial businesses was negligible.
Working capital increased slightly from EUR 149 million to EUR 154 million. This was mainly due to the finished product levels built up as planned at the company's Zalaegerszeg plant in connection with new automotive orders.
Both the customer and supplier balances decreased, by 11% and 10% respectively, in line with the termination of the industrial partner contract mentioned above.
In the financial year ending March 31, 2025, the company achieved a profit after tax of EUR 8,1 million, lower by EUR 3,6 million compared to the previous year. The decrease was mainly due to unfavourable developments in foreign exchange exposure.
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