Europe, 6th of April, 2004 – BenQ announced today that its March consolidated revenue reached a new high of US$449 million. This is a 17% increase from the previous month and a 70% increase compared to the consolidated revenue in March 2003. For the parent company, the sales revenue in March reached US$422 million, a 74% increase compared to the same time last year.
BenQ performed well across the different business groups. For the Network Display Business Group, the LCD displays surpassed 600,000 units. The shipments for CD-ROM drives and DVD+RW for the Imaging Network Business Group is steadily increasing and is expected to perform well in Q2. For the Networking and Communications Business Group, the mobile phone shipments surpassed 1.5 million units with an increase in its ASP. Growth can also be seen in the Digital Media Business Group product shipments.
An increase in sales of BenQ branded products can also be seen in the March revenues. Due to the increase in the number of sales venues and employees in the Asia Pacific region, BenQ has set new sales records every month in the past 6 months. In Europe, there is an increase in the buying of IT products, and this is reflected in BenQ’s sales revenues as the establishment of channels become more complete.
BenQ’s consolidated revenue for Q1 reached NT$42.2 billion, the highest record for a single quarter. This is a 15% growth compared to 2003 Q4 and a 56% growth compared to 2003 Q1. The Q1 product sales revenue ratio is 51% for Network Display Business Group, 15% for the Digital Media Business Group, 17% for the Imaging Network Business Group, and 17% for the Networking and Communications Business Group.