Acer Inc. Q2 Preliminary Financial Results: Consolidated Revenue NT$110.6B (US$3.7B) down 2.2% QOQ, Operating Income NT$433M (US$14.48M) doubles in growth, PAT NT$56M (US$1.87M), EPS NT$0.02


TAIPEI, TAIWAN (August 17, 2012) – Acer Inc. announces the preliminary financial results for Q2 2012. Consolidated revenue was NT$110.6B (US$3.7B), down 2.2% quarter-on-quarter (QOQ) and 8.3% up year-on-year (YOY). Operating income was NT$433M (US$14.48M), representing 213.5% growth QOQ; profit after tax (PAT) was NT$56M (US$1.87M); and earnings per share (EPS) was NT$0.02.

The Q2 operating income of NT$433M (US$14.48M) with operating margin of 0.4% exceeded Q1 margin of 0.1%. However, a one-time tax settlement of NT$410M (US$13.71M) in Europe impacted on both the PAT and EPS.

Although Acer maintained growth in PC shipments, the Q2 consolidated revenue declined over Q1 due to the worldwide total PC market downturn from Q1 to Q2, and unfavorable economic conditions in Europe, the U.S., China and Asia Pacific that resulted in weaker consumer demand.

In 1H 2012, Acer’s preliminary consolidated revenue reached NT$223.6B (US$7.48B), down 2.7% YOY.  Operating income of NT$570M (US$19.06M) with operating margin of 0.3% YOY and PAT of NT$387M (US$12.94M) both marked significant improvement YOY, and EPS was NT$0.14.

Acer will start shipping products for the launch of Microsoft Windows® 8 in August and September, therefore anticipates revenues to rebound, and consequently expects Q3 revenues to reach about on par with Q2.

 

 

 

 

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About Acer
Since its founding in 1976, Acer has broken barriers between people and technology, enabling users to explore, create and grow. Acer ranks No. 2 for notebook PCs globally (Gartner data 2011). The Acer Group employs 8,000 people across the globe, and revenues for 2011 reached US$15.7 billion.

Acer's channel business model is instrumental to the company's success, while its multi-brand approach integrates Acer, Gateway, and Packard Bell brands in worldwide markets. Acer designs environmentally friendly products and, with its vendors, has established a green supply chain.
Acer is proud to be a Worldwide Partner of the Olympic Movement. That includes supporting the Vancouver 2010 Olympic Winter Games and London 2012 Olympic Games.
More information is at www.acer-group.com.

Contact:
Stella T.H. Chou, Lisa Chang
Public Relations Division
8F, 88, Sec.1, Xintai 5th Rd.,
Xizhi, New Taipei City 221
Taiwan, R.O.C.
Tel: 886-2-8691-3204/ 3638
Fax: 886-2-8691-3262
E-mail: Stella_th_chou@acer.com.tw  Lisa_Chang@acer.com.tw