Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$30 billion personal technology company – one of the top two PC makers in the world and an emerging PC Plus leader – serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.
*See IDC data, 4Q 2012
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FINANCIAL SUMMARY |
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For the third quarter ended December 31, 2012 |
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(in US$ 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 | 9,359 | 8,372 | 12 | % | |||||
| Gross Profit | 1,101 | 954 | 15 | % | |||||
| Gross Profit Margin | 11.8 | % | 11.4 | % |
0.4 |
pt |
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| Operating Expenses | (858 | ) | (761 | ) | 13 | % | |||
| Expenses-to-Revenue Ratio | 9.2 | % | 9.1 | % |
0.1 |
pt |
|||
| Operating Profit | 243 | 193 | 26 | % | |||||
| Other Non-Operating Expenses | 3 | (1 | ) | NA | |||||
| Pre-tax Income | 246 | 192 | 28 | % | |||||
| Taxation | (46 | ) | (38 | ) | 22 | % | |||
| Profit for the period | 200 | 154 | 30 | % | |||||
| Non-controlling interests | 5 | (1 | ) | NA | |||||
| Profit attributable to equity holders | 205 | 153 | 34 | % | |||||
| EPS (US cents) | |||||||||
| Basic | 1.99 | 1.50 | 0.49 | ||||||
| Diluted | 1.96 | 1.46 | 0.50 | ||||||
