Acer (2353) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue was NT$66,021 million, down 9.2% sequentially but up 4.6% year-over-year.

• Full-year 2024 revenue reached NT$264,682 million, a 9.7% increase over 2023.

• Profit after tax for 2024 was NT$5,539 million, up 12% year-over-year.

• Consolidated financial statements for 2024 and 2023 were audited and present fairly in all material respects in accordance with Taiwan-IFRSs.

• The group is primarily engaged in the marketing and sale of brand-name IT products, with additional activities in software, hardware, and related services.

Financial highlights

• Q4 2024 gross profit was NT$6,953 million (10.5% margin), down 9.4% sequentially but up 0.6% year-over-year.

• Q4 2024 operating income was NT$1,024 million, down 36% sequentially and 27% year-over-year.

• Full-year 2024 operating income was NT$4,876 million, up 15% year-over-year.

• Full-year 2024 EPS was NT$1.84, up from NT$1.64 in 2023.

• Total assets as of December 31, 2024 were $219,475,529 thousand, up from $208,733,846 thousand at the end of 2023.

Segment performance

• Non-PC businesses contributed 37.4% of operating income and 28.3% of revenues in 2024.

• IT Hardware Products segment revenue was $212,708,108 thousand in 2024, with segment profit of $4,980,845 thousand.

• Other business segments contributed $51,974,299 thousand in revenue and $1,783,741 thousand in segment profit.

• EMEA region contributed 25.5% of 2024 revenue, Pan Asia Pacific 23.8%, Pan America 50.7%.

• Q4 2024: Computer and Display accounted for 73.1% of revenue, Non-PC for 26.9%.