Acer Reports FY2022 Net Income of NT$5.00 Billion and Announces NT$1.5 Cash Dividend Per Share

 

 

TAIPEI (March 16, 2023) Acer Inc. (TWSE: 2353) announced today its financial results for the fourth quarter of 2022 and fiscal 2022 ended December 31. In the fourth quarter, Acer reported consolidated revenues of NT$59.84 billion, gross profits of NT$6.33 billion with 10.6% margin, operating income of NT$1.01 billion with 1.7% margin, and net loss [1] of NT$832 million impacted by a NT$1.70 billion loss in foreign exchange.

For the full year of 2022, consolidated revenues reached NT$275.42 billion, gross profits of NT$29.74 billion with 10.8% margin, operating income was NT$6.93 billion with 2.5% margin, and net income was NT$5.00 billion with earning-per-share (EPS) of NT$1.67.

At 2022-year end, Acer’s inventory value was down to NT$42.21 billion and the company has written off NT$1.91 billion in inventory in 2022. Cash position was back to NT$46.84 billion, net cash reached NT$35.03 billion, and cash from operations was NT$5.93 billion.

The Board has approved a cash dividend of NT$1.5 per share, based on ex-dividend record date of July 7 for distribution on August 3. The annual shareholders’ meeting will be held on June 6, 2023, at Aspire Resort Hotel in Taoyuan.

 

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

 

Corporate Communications

Acer Incorporated

 

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About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 8,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.