Acer Inc. Q1~Q3 2008 consolidated financial results: revenues NT$ 411.3 B (US$ 12.8B) - 31 % YOY growth, operating income NT$ 10.1 B (US$ 314 M) - 50 % YOY growth, EPS NT$ 3.64


TAIPEI, TAIWAN (October 31, 2008) -- Acer Inc. announces the financial results of Q1~Q3 2008. Consolidated revenue was NT$411.3B (US$12.8B), growing by 31% year-on-year (YOY). Operating income reached NT$10.1B (US$314M) after expensing the employee bonus and the board of directors' remuneration, or would be 73% YOY growth prior to expensing. Acer's profit after tax (PAT) was NT$8.9B (US$278M) and earnings per share (EPS) was NT$3.64. The results of Q1~Q3 2007: PAT was NT$10.6B (US$329M) and EPS was NT$4.47.

For the Q3 2008 results, Acer's consolidated revenue was NT$159.2B (US$5.0B), representing 31% YOY growth. Operating income was NT$4.6B (US$145M) after expensing the employee bonus and the board of directors' remuneration, or would be84% YOY growth prior to expensing. The PAT was NT$3.0B (US$95M) and EPS was NT$1.22. The Q3 2007 PAT was NT$2.9B (US$91M) and EPS was NT$1.20.

 Acer Inc. Consolidated financial results:

 

Q1~Q3 2008

Q1~Q3  2007

Growth

Q3 2008

Q3 2007

Growth

Consol. revenue

NT$411.3B
US$12.8B

NT$315.0B
US$9.8B

31%

NT$159.2B
US$5.0B

NT$121.9B
US$3.8B

31%

Operating income

NT$10.1B
US$314M

NT$6.7B
US$209M

50%

NT$4.6B
US$145M

NT$2.8B
US$87M

66%

PAT

NT$8.9B
US$278M

NT$10.6B
US$329M

- 15%

NT$3.0B
US$95M

NT$2.9B
US$91M

4%

Notes:

  • The exchange rate was US$1: NT$   32.13.
  • Acer Inc. consolidated revenue includes revenues from other companies in which Acer Inc. has 50% or more ownership, and already deducts any revenues between Acer Inc. and these companies to avoid double-counting.

 

 

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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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