Acer’s unconsolidated sales in December drop 7.61 percent


CNA

TAIPEI — Acer Inc., the world’s fourth largest personal computer vendor, said it posted a 7.61-percent decline in unconsolidated sales for December from a month earlier in reflection of weakening global demand.

Acer said its unconsolidated sales for the month totaled NT$33.03 billion. The figure was also down 5.03 percent from a year earlier.

In 2011, the company’s unconsolidated sales fell 22.29 percent from a year ago to NT$405.71 billion.

Acer said that the unconsolidated sales reflected only part of its operations and that it will release the consolidated revenue data, which includes the shares from the company’s subsidiaries worldwide.

Market analysts said that since October, the declines in Acer’s unconsolidated sales have been narrowed after its massive efforts to clear its inventory, in particular in the European market.

“I expect that Acer will report better than-expected consolidated sales for the fourth quarter of last year,” Grand Cathay Securities analyst Mars Hsu said.

“It is possible that the company will report fourth-quarter consolidated sales close to the level recorded in the third quarter, rather than a previous estimate of a 5-percent to 10-percent decline following a US$150 million write-down to clear the inventory,” Hsu said.

In the third quarter, Acer posted consolidated sales of NT$117.89 billion, up 15 percent from the previous quarter, but down 30 percent from a year earlier.

In the second quarter, the company had a one-time write-down to cut inventory in Europe, the Middle East and Africa, putting itself into the red for the quarter and in the following quarter.

In the first nine months of last year, Acer posted NT$6.696 billion in net losses, or NT$2.55 in loss per share.

Earlier, Acer Chairman J.T. Wang had said the company has been trying its best to swing to a profit in the fourth quarter of last year, hoping the company’s bottom line will gradually improve quarter by quarter for this year.