- Venture Corp's 1Q25 group revenue declined 7.5% y-o-y to S$616.6mil, with weakness concentrated in the lifestyle consumer technology domain.
- The decline stemmed from product design improvements that enhanced durability, thereby reducing replacement cycles. Excluding this segment, the group would have recorded y-o-y revenue growth, highlighting strength in other verticals.
1Q25 revenue and earnings below expectations
- - Read this at SGinvestors.io -
- Overall, Venture Corp's 1Q25 revenue and net profit accounted for 22% of our full year forecasts, below expectations.
Expect lifestyle consumer domain headwinds to persist.
- - Read this at SGinvestors.io -
- Venture Corp's ongoing production of a new, more durable key product for a major customer has significantly reduced the need for frequent part replacements, while the older, higher-turnover model is being phased out. This transition is likely to result in a prolonged period of softer demand within this segment. However, the impact may be partially offset by the introduction of a new product line slated for launch in 2026, which could rejuvenate segment performance and support a gradual recovery in volumes.
Opportunities to gain market share for some domains.
- Read more at SGinvestors.io.
