Katun Brazil unveils new headquarters

Katun Corporation presented its new Brazilian headquarters, and also celebrated 40 years in the industry, at an event held on 6 February 2019.

Katun Brazil’s grand opening event took place in the auditorium of Katun’s new and modern offices, located in the eastern zone of São Paulo, gathering together many customers and guests from all regions of Brazil.

The layout of the new office, decorated “with the traditionally modern spirit that Katun has maintained since its founding in 1979, brings to the sector the vanguard that has always made Katun stand out”, says the company. It incorporates new leisure areas, pantry/bar, formal and informal meeting rooms, a training room, conference room, laboratory, and much more, in an area at least twice as large as in the former building.

The opening of the new space culminated with a presentation of the four decades that Katun completes in 2019, recalling important dates for the company, highlighting the quality, regularity, and care in the development of OEM-equivalent products in order to offer the best cost/benefit to the market, a premise that Katun has maintained during all of these years. The formalities were carried out by the General Manager of Katun Brasil, Mr. Helton Mourão, by the National Sales Manager, Mr. Junio Alcantara, and by the Operations Manager, Eng. Adalberto Savi, in addition to participation by the illustrious CEO of Katun Corporation, Mr. Robert Moore, who informed the market that: “Katun is once again a distributor and a manufacturer, and thus your best business partner,” as well as the General Manager for Latin America, Mr. Alejandro Bejar.

The customers present received metal name plaques, with the thanks of Katun for the decades of partnership, as well as exclusive gifts in order to celebrate 40 years in the industry.

Closing the ceremony was a presentation by humorist Yakko Sideratos, and then all guests were taken on a walking tour of the new Katun Brazil offices.  Upon returning to the auditorium, revealed Katun, there was a cocktail reception, worthy of the company’s 40 years, that continued until late in the evening.

HP unveils Q1 2019 financial results

The OEM has announced its financial results for Q1 2019, reporting a slight rise in revenue from the same time last year.

HP Inc. has announced fiscal 2019 first quarter net revenue of $14.7 billion (€12.8 billion), up 1 percent (up 2 percent in constant currency) from the prior-year period.

“We continued to drive top and bottom line growth in Q1 and are reaffirming our non-GAAP EPS and free cash flow financial outlook for the year,” said Dion Weisler, HP’s President and CEO. “We are benefitting from our market-leading portfolio and accelerating our transformation with momentum in services, solutions and 3D printing as we reinvent HP and position the business for long-term sustainable growth.”

HP’s net cash provided by operating activities in the first quarter of fiscal 2019 was $0.9 billion (€789.1 million). Accounts receivable ended the quarter at $5.1 billion (€4.4 billion), up 1-day quarter over quarter to 31 days. Inventory ended the quarter at $5.6 billion (€4.9 billion), down 1-day quarter over quarter to 42 days. Accounts payable ended the quarter at $14.6 billion (€12.8 billion), up 3 days quarter over quarter to 108 days.

HP generated $0.7 billion (€613.7 million) of free cash flow in the first quarter. Free cash flow includes net cash provided by operating activities of $862 million (€755.2 million) less net investments in and proceeds from the sale of property, plant and equipment of $189 million (€165.5 million).

Printing net revenue was mostly flat year over year (down 0.7 percent in constant currency) with a 16.2 percent operating margin. Total hardware units were up 3 percent with Commercial hardware units up 4 percent and Consumer hardware units up 2 percent. Supplies net revenue was down 3 percent (down 3 percent in constant currency).