- Revenue of US$2.1 billion was down 5 percent from a year earlier, but flat compared to the prior quarter.
- Latin America remained the strong core of the business, seeing double-digit revenue growth (+37%) and strong profitability.
- 5 million Moto Z handsets have now been shipped globally, with activation rates for MODS up 64% year-to-year.
- Lenovo saw the Moto brand strengthen in Western Europe, with shipments up 23 percent compared to the same period a year ago.
About Lenovo
Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and data center technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode Yoga brands), workstations, servers, storage, networking, software (including ThinkSystem and ThinkAgile solutions), smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter ( @Lenovo) or visit us at http://www.lenovo.com/.
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LENOVO GROUP
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Q3 17/18 |
Q3 16/17 |
Y/Y CHG |
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| Revenue | 12,939 | 12,169 | 6 | % | |||||||||
| Gross profit | 1,751 | 1,595 | 10 | % | |||||||||
| Gross profit margin | 13.5 | % | 13.1 | % | 0.4pts | ||||||||
| Operating expenses | (1,547 | ) | (1,457 | ) | 6 | % | |||||||
| Expenses-to-revenue ratio | 12.0 | % | 12.0 | % | - | ||||||||
| Operating profit | 204 | 138 | 48 | % | |||||||||
| Other non-operating expenses | (54 | ) | (37 | ) | 48 | % | |||||||
| Pre-tax income | 150 | 101 | 48 | % | |||||||||
| Taxation* | (425 | ) | 6 | N/A | |||||||||
| (Loss)/Profit for the period | (275 | ) | 107 | N/A | |||||||||
| Non-controlling interests | (14 | ) | (9 | ) | 65 | % | |||||||
| (Loss)/Profit attributable to equity holders | (289 | ) | 98 | N/A | |||||||||
| EPS (US cents) | |||||||||||||
| Basic | (2.53 | ) | 0.90 | N/A | |||||||||
| Diluted | (2.53 | ) | 0.90 | N/A | |||||||||
| * In accordance with accounting policies, a one-off non-cash tax charge of US$400 million has been included in Q317/18 which reflects the re-measurement of US deferred tax assets after the recently enacted US tax reform legislation. |
