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Fitness Gear Maker Johnson Health to Explore Markets in Europe & North America

Dec 15, 2014 | By CENS

Johnson Health Tech. Co., a major Taiwan-based fitness equipment manufacturer, plans to further explore markets in Europe and North America in 2015, targeting 10%-15% growth in revenues for the year.

K.C. Lo, company chairman, notes Johnson has 345 sales outlets globally, 80% of which being in Asia. Next year the company plans to add some 50 direct sales stores in Europe and North America, mainly in the U.S., Canada, Germany, U.K., Italy, and France.

Lo says Johnson commands  for 65% of Taiwan's fitness equipment market and also leads in market share in Thailand and  China as well as France, Holland, Belgium and Spain.

The maker recently gained NT$1.426 billion (US$47.53 million) from the sale of an old plant in China and plans to build  one in Shanghai, to cost initially  about NT$5 billion (US$16.67 million) for the first stage, to be completed by Q3, 2015, that will  turn out key fitness equipment parts, including motors, controllers, dashboards, etc.

The company will also invest NT$300 million (US$10 million) to establish a plant across some 162,000 square feet adjacent its headquarters in central Taiwan, which is slated to break ground in July of next year and expected to be completed early 2016. The proposed plant will focus on  production of high-end commercial fitness equipment with estimated annual production value of over NT$2 billion (US$66.67 million).

In the first three quarters Johnson's earning per share (EPS) stood at NT$2.31 (US$0.077) and may grow to NT$4.5-5 (US$0.15-0.17) for the full year. (JL)

Johnson's Revenues & Profits (2010-2013 & First 3 Quarters of 2014)
Year
2010
2011
2012
2013
First 3 quarters of 2014
Combined revenues (NT$B)
11.749
13.634
15.321
15.071
11.169
After-tax profits (NT$M)
251
771
857
857
699
EPS (NT$)
1.29
3.87
4.28
4.25
2.31


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