Corporate, Financials

Acer Reports Q1 2017 Results: Consolidated Revenues NT$56.05B (US$1.85B), Operating Income NT$456M (US$15.02M), Net Income NT$63M (US$2.07M), Gross Profit Margin 9.7%

TAIPEI, TAIWAN - Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2017 with consolidated revenues of NT$56.05 billion (US$1.85 billion); operating income of NT$456 million (US$15.02 million) with 0.8% margin and NT$323 million (US$10.62 million) gain quarter-on-quarter; net income (or profits after tax) of NT$63 million (US$2.07 million); and earnings per share (EPS) of NT$0.02. The company also reported a non-operating loss that includes NT$522 million (US$17.19 million) loss due to foreign exchange fluctuation.

Acer achieved gross profits of NT$5.43 billion (US$178.82 million) with 9.7% margin, while consolidated revenues for this quarter differed by only 0.5% year-over-year re-affirming Acer’s solid operations and its effective product mix strategy optimized for different market segment needs. Operating income of NT$456 million (US$15.02 million) also reflected the company’s effective marketing activities and operating expense control.

Acer will hold its annual shareholders’ meeting on June 21 in Taipei.

Note: The spot rate used was: US$1: NT$30.336.

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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 9,000 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.

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