by Amruth Sundarkumar | Nov 4, 2022 | China, Corporates
Lenovo Group reported its first revenue drop in 10 quarters at $17.09bn, down 4% YoY. Its net income rose 6% during the period to $541mn. The softer results come on the back of a weakening market for PCs globally where global PC shipments have declined 15% YoY –...
by Amruth Sundarkumar | Mar 3, 2022 | Corporates, Credit Ratings
Chinese consumer electronics manufacturer Lenovo Group issuer and senior unsecured ratings have been upgraded to Baa2 from Baa3 by Moody’s. The rating agency cited Lenovo’s improved credit profile from debt reduction initiatives and a higher EBITDA as...
by Amruth Sundarkumar | Nov 5, 2021 | China, Corporates
PC-maker Lenovo reported a 65% YoY jump in its Q2 profits to $512mn. Revenues jumped 23% YoY to $17.9bn. Both, revenues and profits were at record levels for the company. Operating cashflows doubled YoY to $1.6bn. All divisions performed well led by the Intelligent...
by Amruth Sundarkumar | Oct 11, 2021 | China, Corporates
The world’s largest PC maker Lenovo Group has withdrawn its application to list on Shanghai’s Star Market just eight days after the company was accepted by the exchange. This is the second largest IPO withdrawal after Ant Group scrapped its $39.7bn dual...
by Amruth Sundarkumar | Sep 21, 2021 | Corporates, Investment Grade Bonds
The world’s largest PC maker Lenovo Group is planning a pivot from hardware to software and services as it looks to grow its customer base and boost margins. Ken Wong, president of Lenovo’s Solutions & Services Group (SSG) explained this in an...
