Lenovo Reports Strong Fourth Quarter and Full Year 2012/13 Results

PRODUCT OVERVIEW

  • Consolidated sales for Lenovo’s laptop PC business worldwide in the fourth fiscal quarter decreased two percent year-over-year to US$4.2 billion, accounting for 53 percent of the Company’s overall sales. During the same period, Lenovo’s worldwide laptop PC shipments increased 0.4 percent, against the backdrop of an overall industry decrease of 14.2 percent. In the fourth quarter, Lenovo introduced several new consumer laptop PCs, led by the IdeaPad U310 and U410, mainstream thin and light Ultrabooks with 10-finger touch, and the IdeaPad Z400 and Z500 “entertainment-optimized” laptop PCs, featuring an immersive sound experience. For business customers, Lenovo introduced the new ThinkPad T431s, the thinnest “T-series” ever, the T-series being Lenovo’s highest selling laptop line.
  • During the fourth fiscal quarter, Lenovo’s desktop PC shipments held flat worldwide year-over-year, against an industry decline of 12.2 percent worldwide. Lenovo’s desktop PC consolidated sales for the same period decreased two percent to US$2.4 billion, or 30 percent of the Company’s overall sales worldwide. In the fourth quarter, Lenovo introduced Horizon, an all-in-one table PC and the Company’s first “interpersonal PC,” a multi-user, multi-touch, multi-mode device for the home that allows users to turn their personal computing experience into a shared computing experience.
  • Lenovo held strong as China’s number two smartphone maker, seeing rapid growth in all its Mobile Internet Digital Home (MIDH) product lines. The Company’s smartphone shipments grew 206 percent in the fourth quarter, a significant premium to the overall market in China which grew 117 percent. This equates to a 3.5 year-over-over share point gain, or a fourth quarter market share of 13 percent. Consolidated sales of MIDH products rose 74 percent to US$736 million, nine percent of the Company’s overall sales. Lenovo announced several new smartphones in the fourth quarter, led by the new K900, a premium 5.5-inch smartphone, with a super-slim 6.9 mm profile and high-performance camera; all running on an Intel Atom processor.

ABOUT LENOVO

Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$34 billion personal technology company – one of the top two PC makers in the world and an emerging PC Plus leader – serving customers in more than 160 countries. Dedicated to 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, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.

         
LENOVO GROUP
FINANCIAL SUMMARY
For the fiscal quarter and full year ended March 31, 2013
 

(in US$ millions, except per share data)

 
 
 

Q4 12/13

 

Q4 11/12

 

Y/Y CHG

FY12/13

   

Y/Y CHG

Sales 7,832     7,496     4 % 33,873     15 %
Gross profit 963     806     20 % 4,073     18 %
Gross profit margin 12.3 %   10.8 %   1.5pts   12.0 %   0.3pts  
Operating expenses (794 )   (704 )   13 % (3,273 )   14 %
Expenses-to-revenue ratio 10.1 %   9.4 %   0.7pts   9.7 %   NIL  
Operating profit 169     102     67 % 800     37 %
Other non-operating (expenses)/

income

(3 )   -     NA   1     NA  
Pre-tax income 166     102     63 % 801     38 %
Taxation (42 )   (34 )   22 % (170 )   59 %
Profit for the period 124     68     84 % 631     33 %
Non-controlling interests 3     (1 )   NA   4     NA  
Profit attributable to equity holders 127     67     90 % 635     34 %
EPS (US cents)
Basic 1.22 0.65 0.57 6.16 1.49
Diluted 1.20     0.63     0.57   6.07     1.50  
Dividend per share (HK cents)                 18.50     4.70  




Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! SEMI’s Innovation for a Transforming World
intelThe Dominion of Design
by intel
The Long Game: Product and Security Assurance
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Setting a High Standard for Standards-Based IP
Jobs
Sr Engineer - RF/mmWave IC Design for Global Foundaries at Santa Clara, California
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
NAND Hardware Engineer for Apple Inc at Cupertino, California
Test and Measurement System Architect for Xilinx at San Jose, California
Simulator UI Engineer - job post for Xilinx at San Jose, California
Upcoming Events
Join Chipx2021 - at Tel Aviv Expo convention center Tel Aviv Israel - Jun 21 - 22, 2021
Innovation for a Transforming World -virtual Event at United States - Jul 13 - 14, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
Verific: SystemVerilog & VHDL Parsers



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise