Positivo sells 390,000 PCs in Q1, down 8.3% year-on-year

Monday, May 2, 2011

Brazil's largest PC manufacturer, Positivo Informática, sold 390,410 PCs during the first quarter of the year, down 8.3% compared with 425,741 units in the year-ago quarter, the company said in a statement.

Desktop sales reached 206,932 units in the quarter, dropping 27.3% compared with the year-ago period, while notebook sales grew 30.2% to 183,478, Positivo said.

Notebooks accounted for 47% of total PC sales in the first quarter, compared with 33.1% in the same period in 2010.

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Meanwhile, retail sales remained flat year-on-year, reaching more than 299,000 units. Government sales were down 43.1%, while corporate sales expanded 64.2%. Positivo said government sales in the year-ago quarter were fueled by the large volume of deliveries related to an education ministry project.

"The company has a solid project portfolio for 2011, with estimated deliveries of more than 400,000 PCs, equivalent to 90% of the 2010 total. This figure includes delivery of 250,000 of the 600,000 educational notebooks for the education ministry's one computer per student program, Prouca," Positivo said.

Net revenue totaled 422mn reais (US$269mn) in 1Q11, falling 20.6% year-on-year. Positivo expects to release full financial results on May 12.