Acer Reports Q4 2019 Operating Income NT$1.17 Billion, Up 6.8% YoY

Fiscal 2019 net income reaches NT$2.63 billion, EPS NT$0.87; Acer’s Board approves NT$2.36 billion in cash dividends

 

TAIPEI, TAIWAN (March 18, 2020) Acer Inc. (TWSE: 2353) announced the financial results for the fourth quarter of 2019 and fiscal 2019 ended December 31. For the fourth quarter, Acer reported consolidated revenues of NT$61.58 billion; gross profits of NT$6.35 billion with 10.3% margin; operating income of NT$1.17 billion, up 6.8% year-on-year (YoY) with 1.9% margin; net income[i] of NT$341 million, and earnings per share (EPS) of NT$0.11.

For the full year of 2019, Acer reported consolidated revenues of NT$234.29 billion, gross profits of NT$24.72 billion with 10.5% margin, operating income of NT$3.08 billion with 1.3% margin, net income of NT$2.63 billion, and EPS of NT$0.87.

Acer’s Board of Directors approved NT$2.36 billion in cash dividends: the sum of NT$1.35 billion from profit sharing and NT$1.01 billion from its capital surplus. With the company’s share buyback currently taking place, the exercise will lead to the distribution of more than year 2018’s NT$0.77 cash per share.

The Board also approved the nomination of the next term of directors from the current eight to seven members, of which four are independent directors. The nominees will be put forward for election at the next shareholders’ meeting to be held on June 12 in Taipei and will be livestreamed.

 

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 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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