Latest news with #fiscalyear2024
Tahawul Tech
22-05-2025
- Business
- Tahawul Tech
'This has been one of our best years yet, even in the face of significant macroeconomic uncertainty.' – Yuanqing Yang, Lenovo CEO
Lenovo Group Limited has announced Q4 and full year results for the fiscal year 2024/25, reporting significant increases in overall group revenue and profit. For the full year, revenue grew 21% year-on-year to US$69.1 billion, marking the Group's second-highest annual revenue in its history. Net income was up 36% year-on-year to US$1.4 billion on a non-Hong Kong Financial Reporting Standards (non-HKFRS[1]) basis. The Group's diversified growth engines continue to accelerate, with non-PC revenue mix up nearly five points year-on-year to 47%. All business groups were healthy and strong and met their strategic intent and financial goals, and all sales geographies gained double-digit revenue growth year-on-year, reflecting the strength of the Group's diversified businesses and resilient global footprint. The results were not only driven by the Group's focus on executing a clear strategy, but also its end-to-end integrated global operations (design, demand forecasting, procurement, manufacturing, marketing, sales, and services), ODM+ manufacturing model, and global resources/local delivery model. Over the past 20 years of operating a global business, Lenovo has established a manufacturing footprint that boasts 30+ manufacturing sites (either in-house or outsourced) in 11 different markets around the world. The combination of these gives the Group maximum flexibility and resilience to navigate through uncertainties and be more adaptive to the market conditions. Lenovo continues to prioritize investment in innovation, with R&D expenses up 13% year-on-year to US$2.3 billion. The past year saw several key announcements, investments, and milestones from the Group as part of its hybrid AI strategy. These include the launch of AI PCs where Lenovo is now number one globally in the Windows AI PC category; the launch of the first foldable phone with Moto AI; hypergrowth in the AI server business; the creation of core solutions and services capabilities with Lenovo Hybrid AI Advantage, and most recently the launch of the Group's first personal and enterprise AI super agents at its Tech World event in Shanghai. Looking ahead, Lenovo remains confident that its focus on innovation and hybrid AI, together with its globally balanced business and a flexible, resilient supply chain will not only maintain but also enhance its market competitiveness. Lenovo's Board of Directors declared a final dividend of 3.9 US cents or 30.5 HK cents per share for the fiscal year ended March 31, 2025. Chairman and CEO quote – Yuanqing Yang: 'This has been one of our best years yet, even in the face of significant macroeconomic uncertainty. We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom-line increased even faster. Our strategy to focus on hybrid AI has driven meaningful progress in both personal and enterprise AI, laying a strong foundation for leadership in this AI era. With 20 years of leading a global business and navigating challenges, I'm confident that our operational excellence and continued investment in innovation will not only sustain but strengthen our competitiveness.' Financial Highlights: FY 24/25 US$ millions FY 23/24 US$ millions Change Q4 FY24/25 US$ millions Q4 FY23/24 US$ millions Change Group Revenue 69,077 56,864 21% 16,984 13,833 23% Pre-tax income 1,481 1,365 8% 178 309 (42)% Net Income (profit attributable to equity holders) 1,384 1,011 37% 90 248 (64)% Net Income (profit attributable to equity holders – non-HKFRS) [1] 1,441 1,060 36% 278 223 25% Basic earnings per share (US cents) 11.30 8.41 2.89 0.73 2.02 (1.29) Q4 FY24/25 Group Performance: Revenue and non-HKFRS[1] net income increase over 20%, double-digit revenue year-on-year growth across all businesses Group revenue grew 23% year-on-year to US$17 billion, with double-digit year-on-year revenue growth across all businesses. Net income was up 25% year-on-year on a non-HKFRS [1] basis to US$278 million. basis to US$278 million. The Intelligent Devices Group further enlarged its PC market leadership and expanded the gap to the number two player year-on-year by a further point. At the same time, smartphone revenue outgrew the market by 12 points and its global smartphone ranking by revenue is now number four in all markets outside of China. The Infrastructure Solutions Group achieved profitability for the 2 nd consecutive quarter, with revenue hypergrowth of more than 60% year-on-year. consecutive quarter, with revenue hypergrowth of more than 60% year-on-year. The Solutions and Services Group delivered 18% revenue growth year-on year and a record operating margin of 27%. Full Year performance: Intelligent Devices Group (IDG): Market leadership strengthened, winning in personal AI FY24/25 performance: Overall IDG revenue grew 13% year-on-year to US$50.5 billion, with an operating margin in the historically high range of more than 7%. PCs expanded their market leadership, enlarging the gap to the number two player by almost 1 point to 3.6 points, and maintained industry-leading profitability. AI PCs exceeded the volume target for the year, with Lenovo now leading globally in the Windows AI PC category. Smartphone revenue reached its highest point since the acquisition of Motorola Mobility, with hypergrowth of 27% year-on-year. There was robust growth in Asia Pacific and EMEA markets, complementing the traditional strongholds of Latin America and North America. The tablet business achieved double-digit year-on-year growth in sales volume. Innovative form factors were launched throughout FY24/25 across Lenovo's AI PC and smartphone portfolio, including the ThinkBook Plus Gen 6 with a rollable display, the Legion Go S handheld gaming console, and the ultra-premium ThinkPad and Yoga Aura Editions. Motorola expanded its leadership in foldables with the latest motorola razr, now enhanced with moto AI capabilities. Looking ahead, IDG will continue to build an AI-driven applications ecosystem to deliver seamless cross-device, cross-ecosystem experiences, as well as further develop the AI super agents that recently launched at the Group's Tech World event in Shanghai. Infrastructure Solutions Group (ISG): Hypergrowth, profitable in the 2nd half of the year, driving hybrid infrastructure FY24/25 performance: ISG saw a year of hyper-growth with revenue up 63% year-on-year to a record US$14.5 billion. Operating margin was significantly improved and ISG broke even for the 2 nd half of the fiscal year. half of the fiscal year. The Cloud Services Provider (CSP) business continued to scale through the year with self-sustaining profitability. The Enterprise and SMB (E/SMB) business had strong momentum with revenue up 20% year-on-year to a record high. The AI server business also achieved hypergrowth thanks to the rising demand for AI infrastructure, with Lenovo's industry-leading Neptune™ liquid cooling solutions as a key force behind this rapid growth. Looking ahead, ISG will continue executing its CSP and E/SMB strategy, simplify its product portfolio, strengthen its go-to-market capabilities, and enhance operational resilience to drive steady, balanced growth across all geographies and sustainable profitability. Solutions and Services Group (SSG): High margin and high growth transformation engine, unleashing hybrid AI Advantage FY24/25 performance:
Tahawul Tech
22-05-2025
- Business
- Tahawul Tech
'This has been one of our best years yet, even in the face of significant macroeconomic uncertainty.' – Yuanqing Yank, Lenovo CEO
Lenovo Group Limited has announced Q4 and full year results for the fiscal year 2024/25, reporting significant increases in overall group revenue and profit. For the full year, revenue grew 21% year-on-year to US$69.1 billion, marking the Group's second-highest annual revenue in its history. Net income was up 36% year-on-year to US$1.4 billion on a non-Hong Kong Financial Reporting Standards (non-HKFRS[1]) basis. The Group's diversified growth engines continue to accelerate, with non-PC revenue mix up nearly five points year-on-year to 47%. All business groups were healthy and strong and met their strategic intent and financial goals, and all sales geographies gained double-digit revenue growth year-on-year, reflecting the strength of the Group's diversified businesses and resilient global footprint. The results were not only driven by the Group's focus on executing a clear strategy, but also its end-to-end integrated global operations (design, demand forecasting, procurement, manufacturing, marketing, sales, and services), ODM+ manufacturing model, and global resources/local delivery model. Over the past 20 years of operating a global business, Lenovo has established a manufacturing footprint that boasts 30+ manufacturing sites (either in-house or outsourced) in 11 different markets around the world. The combination of these gives the Group maximum flexibility and resilience to navigate through uncertainties and be more adaptive to the market conditions. Lenovo continues to prioritize investment in innovation, with R&D expenses up 13% year-on-year to US$2.3 billion. The past year saw several key announcements, investments, and milestones from the Group as part of its hybrid AI strategy. These include the launch of AI PCs where Lenovo is now number one globally in the Windows AI PC category; the launch of the first foldable phone with Moto AI; hypergrowth in the AI server business; the creation of core solutions and services capabilities with Lenovo Hybrid AI Advantage, and most recently the launch of the Group's first personal and enterprise AI super agents at its Tech World event in Shanghai. Looking ahead, Lenovo remains confident that its focus on innovation and hybrid AI, together with its globally balanced business and a flexible, resilient supply chain will not only maintain but also enhance its market competitiveness. Lenovo's Board of Directors declared a final dividend of 3.9 US cents or 30.5 HK cents per share for the fiscal year ended March 31, 2025. Chairman and CEO quote – Yuanqing Yang: 'This has been one of our best years yet, even in the face of significant macroeconomic uncertainty. We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom-line increased even faster. Our strategy to focus on hybrid AI has driven meaningful progress in both personal and enterprise AI, laying a strong foundation for leadership in this AI era. With 20 years of leading a global business and navigating challenges, I'm confident that our operational excellence and continued investment in innovation will not only sustain but strengthen our competitiveness.' Financial Highlights: FY 24/25 US$ millions FY 23/24 US$ millions Change Q4 FY24/25 US$ millions Q4 FY23/24 US$ millions Change Group Revenue 69,077 56,864 21% 16,984 13,833 23% Pre-tax income 1,481 1,365 8% 178 309 (42)% Net Income (profit attributable to equity holders) 1,384 1,011 37% 90 248 (64)% Net Income (profit attributable to equity holders – non-HKFRS) [1] 1,441 1,060 36% 278 223 25% Basic earnings per share (US cents) 11.30 8.41 2.89 0.73 2.02 (1.29) Q4 FY24/25 Group Performance: Revenue and non-HKFRS[1] net income increase over 20%, double-digit revenue year-on-year growth across all businesses Group revenue grew 23% year-on-year to US$17 billion, with double-digit year-on-year revenue growth across all businesses. Net income was up 25% year-on-year on a non-HKFRS [1] basis to US$278 million. basis to US$278 million. The Intelligent Devices Group further enlarged its PC market leadership and expanded the gap to the number two player year-on-year by a further point. At the same time, smartphone revenue outgrew the market by 12 points and its global smartphone ranking by revenue is now number four in all markets outside of China. The Infrastructure Solutions Group achieved profitability for the 2 nd consecutive quarter, with revenue hypergrowth of more than 60% year-on-year. consecutive quarter, with revenue hypergrowth of more than 60% year-on-year. The Solutions and Services Group delivered 18% revenue growth year-on year and a record operating margin of 27%. Full Year performance: Intelligent Devices Group (IDG): Market leadership strengthened, winning in personal AI FY24/25 performance: Overall IDG revenue grew 13% year-on-year to US$50.5 billion, with an operating margin in the historically high range of more than 7%. PCs expanded their market leadership, enlarging the gap to the number two player by almost 1 point to 3.6 points, and maintained industry-leading profitability. AI PCs exceeded the volume target for the year, with Lenovo now leading globally in the Windows AI PC category. Smartphone revenue reached its highest point since the acquisition of Motorola Mobility, with hypergrowth of 27% year-on-year. There was robust growth in Asia Pacific and EMEA markets, complementing the traditional strongholds of Latin America and North America. The tablet business achieved double-digit year-on-year growth in sales volume. Innovative form factors were launched throughout FY24/25 across Lenovo's AI PC and smartphone portfolio, including the ThinkBook Plus Gen 6 with a rollable display, the Legion Go S handheld gaming console, and the ultra-premium ThinkPad and Yoga Aura Editions. Motorola expanded its leadership in foldables with the latest motorola razr, now enhanced with moto AI capabilities. Looking ahead, IDG will continue to build an AI-driven applications ecosystem to deliver seamless cross-device, cross-ecosystem experiences, as well as further develop the AI super agents that recently launched at the Group's Tech World event in Shanghai. Infrastructure Solutions Group (ISG): Hypergrowth, profitable in the 2nd half of the year, driving hybrid infrastructure FY24/25 performance: ISG saw a year of hyper-growth with revenue up 63% year-on-year to a record US$14.5 billion. Operating margin was significantly improved and ISG broke even for the 2 nd half of the fiscal year. half of the fiscal year. The Cloud Services Provider (CSP) business continued to scale through the year with self-sustaining profitability. The Enterprise and SMB (E/SMB) business had strong momentum with revenue up 20% year-on-year to a record high. The AI server business also achieved hypergrowth thanks to the rising demand for AI infrastructure, with Lenovo's industry-leading Neptune™ liquid cooling solutions as a key force behind this rapid growth. Looking ahead, ISG will continue executing its CSP and E/SMB strategy, simplify its product portfolio, strengthen its go-to-market capabilities, and enhance operational resilience to drive steady, balanced growth across all geographies and sustainable profitability. Solutions and Services Group (SSG): High margin and high growth transformation engine, unleashing hybrid AI Advantage FY24/25 performance:
Al Bawaba
15-05-2025
- Automotive
- Al Bawaba
Nissan reports financial results for fiscal year 2024
Nissan Motor Co., Ltd. announced financial results for the full year and the fourth quarter of fiscal year 2024, ending March 31, 2025. Full year financial results In FY2024, global sales remained at 3.346 million units impacted by intensified sales competition. Nissan's consolidated net revenue was 12.6 trillion yen, resulting in an operating profit of 69.8 billion yen with an operating margin of 0.6%. Net loss1 was 670.9 billion yen. While free cash flow and operating profit in the automotive business were both in negative, automotive net cash was 1.498 trillion yen. TSE report basis – China JV equity basis2 Yen in billions FY 2023 FY 2024 Variance vs FY23 Revenue 12,685.7 12,633.2 -52.5 Operating profit 568.7 69.8 -498.9 Operating margin % 4.5% 0.6% -3.9 pt Ordinary profit 702.2 210.2 -492.0 Net income 1 426.6 -670.9 -1,097.5 Based on average foreign exchange rates of 153 JPY /USD and 164 JPY /EUR for FY2024 Fourth quarter financial highlights In the fourth quarter of fiscal year 2024, consolidated net revenue was 3.490 trillion yen, consolidated operating profit was 5.8 billion yen, and operating profit margin was 0.2%. Net loss1 in the fourth quarter was 676 billion yen. TSE report basis – China JV equity basis2 Yen in billions FY23 4Q FY24 4Q Variance vs FY23 Revenue 3,514.3 3,490.0 -24.3 Operating profit 90.3 5.8 -84.6 Net income 1 101.3 -676.0 -777.3 Based on average foreign exchange rates of 153 JPY/USD and 161 JPY/EUR for FY24 Q4 FY2025 outlook Nissan expects the business to continue be challenging with intense competition, forex and inflationary pressure. Yet, our efforts related U.S. Tariff policy under our mitigation strategy, we are prioritizing U.S.-built products, optimizing local capacity, reallocating tariff-exposed production, and working closely with suppliers to localize and adapt swiftly to market demands. Given the uncertainty related to tariff environment, the guidance for operating profit, net income and auto free cash flow for the fiscal year are currently to be determined. The company has filed the following fiscal year forecasts with the Tokyo Stock Exchange. Calculated under the equity accounting method for Nissan's joint venture in China, the forecasts for the fiscal year ending March 31, 2026, are: FY2025 outlook TSE report basis – China JV equity basis 2 (yen in billions) Net revenue 12,500 Operating profit TBD Net income 1 TBD FY2024 0 yen FY2025 (Outlook) 0 yen Net income attributable to owners of the parentSince the beginning of fiscal year 2013, Nissan has reported figures calculated under the equity method accounting for its joint venture with Dong Feng in China. Although net income reporting remains unchanged under this accounting method, the equity-accounting income statements no longer include Dong-Feng-Nissan's results in revenues and operating profit. *The financial forecast is based on judgements and estimates that have been made using currently available information. By nature, such financial forecast is subject to uncertainty and risk. Therefore, the final results may differ from the aforementioned forecast.
