Lenovo EMEA revenue surpasses China earnings
Company grows EMEA PC shipments by 33.3%, gaining 15.8% market share
Lenovo's EMEA revenue this year surpassed its China PC revenue for the first time, the company said in a statement announcing its fourth-quarter fiscal results.
For the year ending March 31, 2014, Lenovo posted a record full-year revenue of $38.7bn, it said. In Europe, the Middle East and Africa, the company grew PC shipments by 33.3%, gaining a market share of 15.8%.
The region as a whole had consolidated sales in the fourth quarter of $2.6bn, a year-over-year improvement of 39%, Lenovo said. This amounted to 27% of the vendor's total worldwide sales. The company's operating profit margin in EMEA was 2.9% for the full year.
Globally, Lenovo saw a 14% revenue increase year-over-year (YOY), it said. Meanwhile, pre-tax income was up 27% YOY, reaching $1.01bn, and full-year earnings were $817m, up 29%.
The company's global PC market share grew by 2.1%, further securing the manufacturer's position as the number-one PC vendor in the world. The company showed 17.7% total share for the full year, representing 5% year-over-year growth, despite an overall industry decline of 8% in the same period.
Lenovo's successful year was largely driven by its laptop business, which increased 16% YOY to $4.8 billion and accounted for 51% of the company's overall sales.
However, the company's desktop PC numbers saw healthy growth, too, growing 6.8% worldwide, against a global industry decline of 3.1%.
Meanwhile, the vendor's relatively new smartphone division made up 13% of the company's overall sales. Smartphone shipments grew by 59.4%, outpacing the worldwide market by 28%, the company said.