- Consolidated sales for Lenovo’s laptop PC business worldwide in the third fiscal quarter totaled US$4.5 billion, an increase of 30 percent year-over-year. Lenovo’s laptop computers continued to be the largest contributor to the Company’s sales worldwide, generating 53 percent of Lenovo’s total sales revenue. The Company’s laptop shipments worldwide in the third quarter were up 41 percent year-over-year, compared to an industry increase of just three percent.
- Lenovo’s desktop shipments for the third fiscal quarter increased 32 percent year-over-year, compared to an industry decline of three percent. Lenovo is now the number one provider of consumer desktop PCs in the world, and the third largest provider of commercial desktop PCs. Consolidated sales of Lenovo desktop PCs worldwide in the third quarter totaled US$2.8 billion, an increase of 39 percent year-over-year, and 33 percent of Lenovo’s total sales revenue.
- Lenovo MIDH (Mobile Internet/Digital Home) recorded US$565 million in consolidated sales during the third fiscal quarter. Led by the successful launch of the A60 and P70 smartphones, Lenovo’s smartphone shipments in China increased 20 times year-over-year for the quarter. Lenovo’s feature phone shipments increased 26.2 percent, compared to an overall market decrease of 12 percent. Tablet shipments continued to show good momentum with unit shipment results more than double quarter-to-quarter. Lenovo is the number two tablet vendor in China according to the latest industry estimate. During the last quarter, Lenovo made several announcements rounding out the Company’s MIDH product portfolio including the S2 smartphone, IdeaTab S2 tablet, the K91 smart TV and its vision for the Personal Cloud.
ABOUT LENOVO
Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a $US21 billion personal technology company – and the second largest PC company in the world, serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.
* See IDC 2011Q4 press release
** includes Africa, Asia Pacific, Central/Eastern Europe, Hong Kong, India, Korea, Latin America, Mexico, Middle East, Pakistan, Russia, Taiwan, Turkey
***includes Australia/New Zealand, Israel, Japan, North America, Western Europe and global accounts
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LENOVO GROUP
FINANCIAL SUMMARY For the third quarter ended December 31, 2011
(in US$ millions, except per share data) |
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Q3
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Q3
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Y/Y
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| Sales | 8,372 | 5,808 | 44 | % | ||||||||
| Gross Profit | 954 | 648 | 47 | % | ||||||||
| Gross Profit Margin | 11.4 | % | 11.2 | % | 0.2pt | |||||||
| Operating Expenses | (761 | ) | (524 | ) | 45 | % | ||||||
| Expenses-to-Revenue Ratio | 9.1 | % | 9.0 | % | 0.1pt | |||||||
| Operating Profit | 193 | 124 | 55 | % | ||||||||
| Other Non-Operating Expenses | (1 | ) | (3 | ) | (71 | %) | ||||||
| Pre-tax Income | 192 | 121 | 59 | % | ||||||||
| Taxation | (38 | ) | (21 | ) | 80 | % | ||||||
| Profit for the period | 154 | 100 | 55 | % | ||||||||
| Non-controlling interests | (1 | ) | 0 | n/a | ||||||||
| Profit attributable to Equity Holders | 153 | 100 | 54 | % | ||||||||
| EPS (US cents) | ||||||||||||
| Basic | 1.50 | 1.03 | 0.47 | |||||||||
| Diluted | 1.46 | 0.98 | 0.48 | |||||||||
