Acer Inc. Q1 2006 financial results: Operating income NT$1.93B (US$59.3M), PAT NT$4.02B (US$123.88M), EPS NT$1.82

Dividends per share: cash NT$3, stock NT$0.2

TAIPEI, TAIWAN (28 April, 2006) -- Acer reports the Q1 2006 financial results with operating income of NT$1.93B (US$59.3M), profit after tax (PAT) of NT$4.02B (US$123.88M), and earning per share (EPS) of NT$1.82. Shareholders shall receive dividends of NT$3 in cash and NT$0.2 in stock, per share. Acer's Board of Directors approved the results today.

Comparing the Q1 2006 results to Q1 2005 performances:

  • Consolidated revenue was NT$83.0B (US$2.56B), up 26.3% from NT$65.71B (US$2.02B)
  • Operating income was NT$1.93B (US$59.3M), compared to NT$1.94B (US$59.77M) that includes NT$490M (US$15.09M) income from property sale
  • PAT was NT$4.02B (US$123.88M), up from NT$2.15B (US$66.08M)
  • EPS was NT$1.82, up from NT$0.97

Faced with intense competition from the world's leading PC vendors, Acer commits to continuingly strengthen its channel and supply-chain management.  Our effort has resulted in improving the net margins from 2.2% in Q4 2005 to 2.32% in the first quarter.

Acer's 2006 financial forecast are NT$400B (US$12.42B) in consolidated revenue, NT$10.8B (US$334.75M) in operating income, and NT$10B (US$311.12M) in PAT.  The first quarter results have hit 20.8%, 17.9%, and 40.1% of respective targets.

With the 2006 dividend comprising of NT$3 in cash and NT$0.2 in stock, Acer is exercising its cash-intensive dividend policy to avoid inflation of the paid-in capital; meanwhile, EPS in 2005 was NT$3.83.

According to preliminary data by Gartner Dataquest, Acer's worldwide PC shipment during the first quarter rose 45.5% year-on-year, and was the fastest-growing vendor among the top-five, while the worldwide industry average growth stood at 13.1%. In EMEA (Europe, Middle East, Africa), Acer's total PC shipment grew by 35.4% year-on-year, surpassing the industry average of 12.6% and main competitors.

    • The exchange rates were: US$1:NT$32.46; 2006 forecast - US$1:NT$32.2.

     

     

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    About Acer
    Since its founding in 1976, Acer has constantly pursued the goal of breaking the barriers between people and technology. Focused on marketing its brand-name IT products around the globe, Acer ranks as the world's No. 3  vendor for total PCs and No. 2 for notebooks, with the fastest growth among the top-five players. A profitable and sustainable Channel Business Model is instrumental to Acer's continued growth, while the successful mergers of Gateway and Packard Bell complete the company's global footprint by strengthening its presence in the U.S., and enhancing its strong position in Europe. Acer Inc. employs 5,000 people worldwide. 2007 revenues reached US$14.07 billion.

    Contact:
    Stella T.H. Chou, Henry Wang
    PR, Branding Division
    8F, 88, Sec.1, Hsin Tai Wu Rd., Hsichih,
    Taipei Hsien 221, Taiwan, R.O.C.
    Tel: 886-2-8691-3204/1046
    Fax: 886-2-8691-3262
    E-mail: Stella_th_chou@acer.com.tw  Henrywang@acer.com.tw

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