Lenovo gains 20 percent 60 billion dollars fiscal year 2021 more than the previous year - Lenovo has presented on Thursday the results related to the fourth fiscal quarter of its fiscal year 2021 (ended in March), where it has achieved revenues of 15.6 billion dollars (12.781 billion euros at the exchange rate), a 48% more year-on-year, as it has announced in a press conference.

In addition, the company has announced a profit before tax of 380 million dollars (311 million euros in exchange), which is 392% more compared to the same period last year.

These numbers assume that this period has experienced the fastest growth in the last decade. "We are going to frame them", joked Alberto Ruano, CEO of Lenovo Iberia during the presentation of them.

As explained by the group, all key divisions have had double-digit increases during the last 3 months of the fiscal year. Specifically, the share related to computers and smart devices have accounted for 12,400 million dollars (10,150 million euros) in revenue of the total 15,600 million dollars, indicating a growth of 46% year-on-year.

Lenovo gains 20 percent 60 billion dollars fiscal year 2021

For Motorola, revenues have reached 1,538 million dollars (1,260 million euros) compared to 824 million dollars (675 million euros) in Q4 2020, 86% more. Those responsible for the brand have explained that this segment is recovering and taking a very important pace.

Regarding the Iberia region, Ruano has indicated that they occupy the first position in what has to do with the PC segment, with a share of 28.6%, although he has specified that they have been affected in their part of product by the availability of components.

Lenovo gains 20 percent 60 billion dollars fiscal year 2021

On the other hand, the company has also released the results related to the full fiscal year of 2021, where it has reported revenues of 60,700 million dollars (49,730 million euros in exchange), 20% more than the previous year, when it reported 50,700 million dollars (41,540 million euros).

In addition, in the case of net profit, the figures have grown by 77% to reach about 1,200 million dollars (980 million euros). "They are incredible, we hope to repeat them," said Ruano.

"Lenovo has been able to understand the demand of the market, it has more and more weight in society and in industry," said the head of the Iberia region.

Lenovo gains 20 percent 60 billion dollars fiscal year 2021: By segments, the IDG section (which includes Motorola and PC) has increased its revenue by 20% to 64,400 million dollars (52,760 million euros), Servers have done so by 15% and Software and Services by 39% compared to the previous year. All sections have reported new records.

In the future, Lenovo explained that its outlook remains positive thanks to the momentum of 3 major trends that the Group is taking advantage of: consumption, infrastructure and applications.

Lenovo gains 20 percent 60 billion dollars fiscal year 2021

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40% of the unemployed do not receive unemployment benefit, the worst figure since 2018, after ERTES raised the coverage rate to 134% 12 months ago

The impact of the coronavirus on the labor market, which during the pandemic has been measured both by the evolution of unemployment rates, affiliation to Social Security and income in the regime of STRONG, begins to be reflected in the benefits that are feeling the unemployed during the first few months of the year, or rather, how many of them have stopped to collect them, or have not contributed enough to receive them.

In particular, the proportion of unemployed entitled to benefits, the so-called coverage rate, has dropped to 59.6% in April, its lowest level since 58.2% recorded in 2018 and the levels of between 55% and 56%, reached between 2015 and 2017, according to data from the State Public Employment Service (SEPE) collected by The Information, which highlights that 40% of the unemployed do not charge any provision.

These figures imply that, of the 3.9 million unemployed contained in the records of the SEPE last month, around 1.7 million do not receive any unemployment benefits, either by being run out of time quoted that gives the right to receive them, or because they had not accumulated quote enough for the access to these benefits, which reveals the long-term impact of the coronavirus on the long-term unemployed and those groups with greater job insecurity.

However, of the 2.17 million unemployed who currently receive benefit, less than half, around 1 million unemployed, receives a contributory aid according to contributions, while the remaining 1.16 million unemployed receive some of the 8 non-contributory benefits of care level, such as aid for over 52 years, subsidies for insufficient contribution or active income insertion, according to digital.

The Government has included in its Plan of Recovery, Transformation, and Resilience, a measure to unify these 8 unemployment benefits are non-contributory in a single grant of 452 euros they will perceive the unemployed who have exhausted their contributory benefits from 2022, when it will begin to be implemented this measure, according to The Paper, which notes that this reform means to suppress the reduction of the provision of unemployment to 50% from the sixth month cobrándolo.

On the other hand, the decline in the coverage rate to its lowest level in 3 years occurs just 12 months after this rate reached its historical peak with coverage of 134%, due to the inclusion in the system of workers included in ERTE, who are not unemployed but receive non-contributory benefits while their companies keep them in this temporary suspension of employment regime.

Thus, the coverage rate has been gradually reduced since 134% in April 2020 at the same rate that the numbers affected by ERTE have been decreasing and that the labor market has created jobs again, going to 109% in June, 71% in September and October, to be below its pre-pandemic records from December with 63% and move between 64% in January and 59% in April since the beginning of 2021.