Lenovo 2015 Annual Report Download - page 24
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22 Lenovo Group Limited 2014/15 Annual Report
MANAGEMENT’S DISCUSSION & ANALYSIS
The Group continued to expand its smartphone business in EMEA and achieved strong growth during the year under
review. The Group’s EBG business will attack with more aggression to grow the enterprise business in the region.
Profit before taxation in EMEA regions increased by 119 percent to US$411 million during the fiscal year under
review with operating margin improved by 1.2 percentage points year-on-year to 3.2 percent.
Lenovo PC Share in 4 GEOs (%)
FY13/14
FY13/14
FY13/14
FY13/14
FY14/15
FY14/15
FY14/15
FY14/15
36.6
11.8
19.3
15.7
35.1
10.9
14.8
14.7
PRCAG
EMEAAP
+1.5pts
+0.9pts
+4.5pts
+1.0pts
MATERIAL RISKS OF THE GROUP
The following are key risks that we consider to be of great significance to the Group as it stands today. They have
the potential to affect the Group’s business adversely and materially.
For each risk there is a description of the possible impact of the risk on the Group should it occur, and the mitigation
plan to manage the risk.
The Group also faces risks and uncertainties in common with other businesses. These have not been set out as key
risks below.
This list is likely to change over time as different risks take on larger or smaller significance. The size, complexity and
spread of the business and the continually changing environment in which the Group operates also mean that the
list cannot be an exhaustive list of all significant risks that could affect the Group.