Acer Reports Q2 2021 Results: Net Income of US$104 million (NT$2.90 Billion), Highest in 11 Years with Strong 142.5% YoY Growth
Acer Middle East’s Year-to-Date (January 2021 to Juy 2021)& Year-on-Year results (compared against January 2020 to July 2020) show 48% revenue growth with success in key markets
Acer Inc. has announced its global financial results for the second quarter of 2021, with consolidated revenues of US$2.85 billion (NT$79.78 billion), the highest in 11 years with 142.5 percent year-on-year (YoY) growth.
The company’s gross profits were US$346 million (NT$9.59 billion) with 12.0percent margin; operating income was US$143 million (NT$3.98 billion), with a historical high margin of 5.0percent; and net income was US$104 million (NT$2.90 billion).[1] In the six months ended June 30, 2021, Acer’s revenue reached US$5.47 billion (NT$151.33 billion), and net income reached US$203 million (NT$5.64 billion), up 221.8 percent YoY.
Acer started the third quarter strongly with consolidated revenues for July at NT$26.10 billion, marking the highest in eight years over the same period, and growing by 12.3% year-on-year (YoY). For year-to-July, consolidated revenues reached NT$177.44 billion with 28.9% YoY growth.
This success is reflected in regional figures shared by Acer Middle East, which reported strong financial growth YoY and year to date (YtD) with overall revenues rising by 48 percent.This data includes revenue from January 2021 to July 2021 and is compared to data from January 2020 to July 2020.
Acer Middle East has registered notable success in key markets where the company enjoys strong sales and brand recognition among consumers. Egypt stands out as the best growing market, reporting a growth of 115 percent in this period.
Oman, Kuwait, Qatar and Bahrain are the next best growing regions with a 60 percent revenue growth in each. The UAE recorded a 47 percent rise, while Saudi Arabia and the Levant each registered a 38 percent increase.
Global business highlights among Acer’s product lines in the second quarter 2021 include the gaming line² that grew by 35.7 percent YoY, and Chromebooks that grew by 41.8 percent YoY.
Acer sees demand for the PC business remaining higher than supply with visibility to the end of the year. In addition, Acer’s fleet of listed subsidiary companies have reported their second quarter revenues and profits, which grew faster than the overall group performance, affirming the multiple business engines strategy.