Acer Reports November Consolidated Revenues at NT$ 18.91 Billion, Up 4.7% Month-on-month

Acer Reports November Consolidated Revenues at NT$ 18.91 Billion, Up 4.7% Month-on-month

TAIPEI (December 9, 2022) Acer Inc. (TWSE: 2353) reports its November consolidated revenues at NT$18.91 billion, up 4.7% month-on-month. Its year-to-November revenues reached NT$252.54 billion, down 12.7% year-on-year (YoY). Businesses other than PCs and displays contributed 26.6% of November revenues. For year-to-November, this portion of business showed 11.7% growth YoY.

The company’s focus on ESG (environment, social, governance) with its Vero line of eco-conscious products continues to gain momentum. The Vero business, which uses recycled materials, grew 43.4% YoY in November revenue. Other business highlights include:

• Altos Computing Inc. revenues grew 137.5% year-to-November, YoY
• AcerPure Inc. revenues grew 36.4% year-to-November, YoY

The management’s emphasis on reducing inventory levels and increasing net cash to weather industry headwinds is taking effect.