Vtech Holdings Ltd 2024 AR2
The report outlines VTech Holdings Limited's financial and sustainability performance for the fiscal year ended March 31, 2024. Despite a 4.3% decline in revenue to US$2,145.7 million, the company achieved an 11.7% increase in profit attributable to shareholders to US$166.6 million, driven by improved gross margins and lower operating expenses. VTech completed the acquisition of Gigaset's assets to strengthen its global leadership in residential phones. On the sustainability front, the company made progress on its Sustainability Plan 2025, increasing its global renewable electricity procurement and generation by 191% to 3,390 MWh. VTech also maintained its constituent status in the Hang Seng Corporate Sustainability Benchmark Index with an upgraded AA+ rating.
Company: Vtech Holdings Ltd
Sector: Information Information Technology
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 146
Vtech Holdings Ltd
Annual Report
The report outlines VTech Holdings Limited's financial and sustainability performance for the fiscal year ended March 31, 2024. Despite a 4.3% decline in revenue to US$2,145.7 million, the company achieved an 11.7% increase in profit attributable to shareholders to US$166.6 million, driven by improved gross margins and lower operating expenses. VTech completed the acquisition of Gigaset's assets to strengthen its global leadership in residential phones. On the sustainability front, the company made progress on its Sustainability Plan 2025, increasing its global renewable electricity procurement and generation by 191% to 3,390 MWh. VTech also maintained its constituent status in the Hang Seng Corporate Sustainability Benchmark Index with an upgraded AA+ rating.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Workplace Fatalities
Employees