Acer’s FY2023 Net Income Hits NT$4.93B, Declares NT$1.6 Dividend per Share

Acer Inc. reports strong Q4 and FY2023 financial results, with computer and display business returning to profitability and diversification efforts paying off.

Acer achieved impressive consolidated revenues and gross profits for the fourth quarter and full year of 2023, demonstrating its strong financial performance.
The company's strategic approach of building multiple business engines has resulted in positive results, with businesses other than computers and displays accounting for a significant portion of the operating income.
Acer's focus on AI and commitment to innovation position it well for future growth and success, as it believes Generative AI will be a significant trend in 2024 and beyond.

Acer Inc., the Taiwanese multinational hardware and electronics corporation, has released its financial results for the fourth quarter of 2023 and the fiscal year ending December 31. The company reported consolidated revenues of NT$63.15 billion for the fourth quarter, with gross profits of NT$6.91 billion and an impressive margin of 10.9%. Operating income stood at NT$1.39 billion, representing a margin of 2.2%, while net income reached NT$1.02 billion, resulting in an earning-per-share (EPS) of NT$0.34.

Looking at the full year of 2023, Acer achieved consolidated revenues of NT$241.31 billion, accompanied by gross profits of NT$25.82 billion and a margin of 10.7%. The company’s operating income for the year was NT$4.23 billion, with a margin of 1.8%, while net income amounted to NT$4.93 billion, translating to an EPS of NT$1.64.

Acer’s computer and display business has successfully returned to profitability and has regained its seasonal momentum. Additionally, the company has effectively managed its inventory levels. Acer remains optimistic about the potential business opportunities that artificial intelligence (AI) brings to the table. In fact, it believes that Generative AI will emerge as a significant trend in 2024 and beyond.

Acer’s strategic approach of building multiple business engines has continued to yield positive results. Throughout 2023, three of its subsidiaries went public, bringing the total number of public subsidiaries to 12 by the end of the year. It’s worth noting that businesses other than computers and displays accounted for an impressive 42.8% of the operating income in 2023.

The Board of Directors has given its approval for a cash dividend of NT$1.6 per share. This dividend will be distributed on July 25, with the ex-dividend record date set for June 26. Furthermore, Acer’s annual shareholders’ meeting is scheduled to take place on May 31, 2024, at the luxurious Aspire Resort in Taoyuan.

Overall, Acer’s financial results demonstrate a solid performance in 2023, with its computer and display business rebounding and its diversification efforts paying off. The company’s focus on AI and its commitment to innovation position it well for future growth and success.

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Background Information

About Acer:

Acer is a globally recognized technology brand known for its extensive range of products, including laptops, desktops, monitors, and electronic devices. With a focus on innovation and affordability, Acer caters to diverse consumer needs, providing reliable and high-performance solutions. From gaming enthusiasts to professionals, Acer's products span various segments, making it a significant player in the technology industry.