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Synnex Revenues Fall 11%

IT and consumer electronics distributor Synnex revenues dropped 11.00% to US$11.4 billion in 2019.

The Company who is rumoured to be in discussions to take on the Bang & Olufsen product range in Australia is a key partner of PC and accessory Companies and a major supplier of goods and services to CE retailers in Australia. Mid 2019 the Company dropped several brands whose products were slow moving in Australia.

In 2019 Synnex consolidated revenues reached NT$34.070 billion, increasing 14.31% sequentially and 6.18% on year, while those of NT$93.912 billion for fourth-quarter 2019 grew 7.35% sequentially but dropped 4.87% on year.

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