Lenovo consolidates its leadership globally and locally with impressive successes in the fourth fiscal quarter of 20202021

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06/07 15:40

Lenovo Egypt retained the largest market share for the fourth consecutive fiscal quarter, by acquiring 31.8% of the market share in Egypt

Lenovo Egypt announced the company’s local business results in the fourth fiscal quarter of the current year, in addition to the results of the global group for the fiscal year 21/20. The company’s achievements were embodied in achieving remarkable growth in all the sectors in which it operates, as Lenovo Egypt retained the largest market share for the quarter The fourth consecutive financial year, by acquiring 31.8% of the market share in Egypt.

In this regard, Mr. Roni Mazraani, General Manager of Lenovo, for Egypt, Jordan, Lebanon and North Africa said: “Within the framework of our well-established strategy, which is based on harnessing our efforts to work on three axes: smart networks, smart infrastructure and smart solutions, the Lenovo Group has succeeded globally In increasing its revenues to reach $15.6 billion in the fourth quarter of 2020/2021, a growth of 48% compared to the same period in the previous year. The Lenovo Group’s global profits before taxes grew by 392 percent, achieving $380 billion, while net profits grew by 512%, reaching $260 billion. The results of the fourth fiscal quarter concluded a record year for the Lenovo Group, as the annual revenue of the group exceeded $ 60 billion, an increase of more than 10 billion dollars over the previous fiscal year, and both pre-tax profits and net profit increased by 70% compared to last year, reaching profits before taxes to $1.8 billion, and net profit to $1.2 billion.”

Mazraani added: “Egypt is one of the four most important markets in which Lenovo operates in the Middle East and North Africa, and therefore our investments in it have a strategic position with the group, and we are proud of our success in continuing to achieve balanced and sustainable growth in this promising market, while working to strengthen our expansion plans in Next years”.

On her part, Ms. Ola El-Deeb, Regional Director of Lenovo, commented on the countries of Egypt and the Levant: “Thanks to the distinguished operating systems and our outstanding performance in Egypt over the past two years, Lenovo occupied the first position in the market share in Egypt for the eighth consecutive fiscal quarter, according to the latest reports of the company IDC Market Research, our market share in Egypt is currently estimated at 31.8%, which means we are 10 points ahead of our closest competitors, and this is reflected in acquiring the highest market share in both the commercial and consumer sectors, at rates of 39.8% and 18.6%, as tablets (tablets) continued ) its control over the Egyptian market at a rate of 43.6%, compared to 32.6% in the third quarter of the fiscal year 20/21, and this represents the company’s largest growth in all sectors.”

El-Deeb added: “Based on Lenovo’s keenness to provide the latest technological solutions to the Egyptian market to serve the diverse needs of customers, the company is pleased to launch its latest versions of Legion devices designed specifically for gaming. The company continues its plans to expand in Upper Egypt, Suez Canal and Port Said in the near future, due to the high demand for Lenovo’s many products, especially tablets and computers. In line with Lenovo’s strategy to provide innovative products, raising the efficiency of networks and infrastructure to prepare them to receive these advanced technologies is at the forefront of Lenovo Egypt’s priorities.”

Lenovo also launched the latest generation of Lenovo Legion devices in Egypt, which is considered a breakthrough in the gaming world. This lineup developed by Lenovo includes Legion 7i, Legion 5i, Legion 5 and IdeaPad Gaming 3 portable devices for entry-level gaming. The new series is characterized by providing innovative features in All aspects of the experience, from attractive designs and upgraded components, to exceptional drivers and services, allowing users to get powerful performance, fast operation and a unique user experience.

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