Vtech 2007 Annual Report Download - page 10

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VTech Holdings Ltd
Annual Report 2007
8
0.7%
US$4.6 million
Asia Pacific
19.1%
US$126.2 million
Europe
2.3%
US$15.5 million
Others
100.0%
US$660.6 million
Total
77.9%
US$514.3 million
North America
Revenue for the fi nancial year 2007 at
the TEL business rose 11.1% over the
previous fi nancial year to US$660.6
million and contribution to the Group
improved further as the rebound that
began in the fi rst half continued. The
business accounted for 45.1% of
Group revenue, against 49.4% in the
previous fi nancial year.
North America was the key growth
driver. For the fi nancial year 2007,
revenue in North America increased
by 26.3% to US$514.3 million,
representing 77.9% of the total TEL
revenue, against 68.5% in the fi nancial
year 2006.
The competitiveness of the TEL business
in North America has strengthened
following the rationalisation of
its business operations two years
ago. Better products, together with
enhanced supply chain and channel
management resulted in market share
gains in North America. The new
5.8GHz cordless phones, together
with the AT&T 2.4GHz products using
proprietary technology developed
in-house, were well-received by
Telecommunication Products
Revenue at the TEL business
increased in the fi nancial year 2007
and contribution to the Group
improved further. North America
was the key growth driver.
VTech Holdings Ltd
Annual Report 2007
8
TEL REVENUE BY REGION (2007)
Review of Operations
05VtechReviewofOperations(E)88 2007/7/511:38:55PM