Acer Q1'22 Operating Income Reaches 12-Year High Over the Same Period, EPS NT$0.74

Rhea-AI Summary

Acer Inc. reported its Q1 2022 financial results, achieving consolidated revenues of NT$78.38 billion, a 9.5% year-over-year increase. Gross profits were NT$8.85 billion, with a margin of 11.3%. The operating income hit a 12-year high at NT$2.91 billion with a 3.7% margin, while net income was NT$2.23 billion and EPS was NT$0.74. Business faced challenges due to the Russia-Ukraine conflict and pandemic-related supply-chain disruptions. Despite these hurdles, the eco-friendly Aspire Vero laptop gained international acclaim with multiple design awards.

Positive

• Consolidated revenues increased by 9.5% year-over-year, reaching NT$78.38 billion.
• Operating income reached a 12-year high of NT$2.91 billion, showing strong operational performance.
• Aspire Vero laptop received multiple international awards, enhancing brand reputation.

Negative

• Business impacted by the Russia-Ukraine war and supply-chain issues from the pandemic.

TAIPEI, May 5, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the first quarter of 2022. Consolidated revenues reached NT$78.38 billion, up 9.5% year-over-year; gross profits were NT$8.85 billion with 11.3% margin. The operating income was NT$2.91 billion, marking a 12-year high over the same period, with 3.7% margin; net income ^[1] was NT$2.23 billion; and earnings per share (EPS) was NT$0.74.

Business for the first quarter was affected by the war between Russia and Ukraine, as well as supply-chain disruptions caused by the pandemic. However, Acer's eco-minded Aspire Vero laptop has been well recognized and received around the world, earning multiple international design awards such as an iF Product Design Award 2022 and a Red Dot Award 2022, as the company expands its Vero green product lineup.

Acer's corporate strategy to build multiple business engines continues its momentum: in March this year, Acer e-Enabling Business (AEB) (6811.TW) has applied for listing on the Mainboard of the Taipei Exchange, and Acer Medical (6857.TW) has transferred from the Pioneer Stock Board to the Emerging Stock Board on the Taipei Exchange.

[1] Net income is reported as profit-after-tax in Acer's financial statements

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,500 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2022 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

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SOURCE Acer

FAQ

What were Acer's Q1 2022 financial results?

Acer reported Q1 2022 revenues of NT$78.38 billion, gross profits of NT$8.85 billion, and net income of NT$2.23 billion.

How did the Russia-Ukraine conflict affect Acer's business?

Acer's business faced challenges due to the ongoing Russia-Ukraine conflict impacting operations.

What is Acer's EPS for Q1 2022?

Acer's earnings per share (EPS) for Q1 2022 was NT$0.74.

What are the highlights of Acer's Aspire Vero laptop?

The Aspire Vero laptop was recognized with international design awards, including the iF Product Design Award and Red Dot Award in 2022.

When did Acer release its Q1 2022 financial results?

Acer announced its Q1 2022 financial results on May 5, 2022.