Positivo Tecnologia S.A. Reports Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2018
August 13, 2018
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Positivo Tecnologia S.A. reported consolidated earnings results for the second quarter and first half ended June 30, 2018. For the quarter, the company reported sales of products of BRL 529.275 million against BRL 495.370 million a year ago. Net sales revenue was BRL 485.111 million against BRL 435.487 million a year ago. Operating loss was BRL 11.610 million against income of BRL 2.236 million a year ago. Net loss before taxes 11.610 million against income of BRL 2.236 million a year ago. Net loss was BRL 11.610 million against income of BRL 2.236 million a year ago. EBITDA BRL 114.7 million against BRL 125.9 million a year ago. Adjusted EBITDA was BRL 7.9 million against BRL 33.9 million a year ago. Adjusted EBITDA variation resulted from the US dollar appreciation and increased input costs. These effects also contributed for the reduction of 51.1% in the first half of 2018.
For the first half, the company reported sales of products of BRL 1.039.151 million against BRL 1.015.372 million a year ago. Net sales revenue was BRL 914.770 million against BRL 888.995 million a year ago. Operating loss was BRL 9.648 million against BRL 6.112 million a year ago. Net loss before taxes was BRL 9.648 million against BRL 6.112 million a year ago. Net loss was BRL 9.648 million against BRL 6.112 million a year ago. EBITDA BRL 226.8 million against BRL 259.8 million a year ago. Adjusted EBITDA was BRL 31.0 million against BRL 68.3 million a year ago. Net debt - end of the period was BRL 207.4 million against BRL 240.7 million a year ago.
Positivo Tecnologia SA, formerly Positivo Informatica SA is a Brazil-based technology company, specializing in the development and manufacture of hardware-based technology. The Company is mainly engaged in the industrialization, trading and development of projects in the Information Technology (IT) area; industrialization, sale and lease of software and hardware; as well as sale of IT equipment, such as all-in-one computers, notebooks, netbooks and tablets, educational software systems and a range of Internet Things (IoT) products. Positivo Tecnologia is also active in the mobile phone market, offering smartphones and feature phones. The Company operates through three main segments, Retail, Government and Corporate. Positivo Tecnologia SA has several subsidiaries, including Positivo Argentina SRL, Crounal SA and Positivo Distribuicao e Comercio Ltda.