Epson has signed a global sponsorship agreement to become Official Office Equipment Partner to Manchester United, one of the world’s most famous football clubs.
The agreement, which starts immediately, sees Epson, one of the leading manufacturers of printers, projectors and scanners worldwide, supply Manchester United with its equipment throughout Old Trafford. The deal will see Epson align its brand with the world-class club and raise its profile in Europe and globally where the club is followed.
The partnership is launched at Old Trafford today, ahead of Saturday’s game against Blackburn Rovers, with manager Sir Alex Ferguson, chief executive David Gill and the entire first team squad in attendance.
Speaking at the launch event Epson’s Global President, Mr Minoru Usui, said: “The partnership with Manchester United aligns Epson with an exciting and globally recognised brand, bringing us closer to our customers worldwide. Leading the way through constant creativity and innovation both brands share a commitment to achieving the highest standards. Our vision to excite and inspire customers is represented by Manchester United’s success on the pitch and the unique printer and projector technologies for which Epson is renowned.”
Epson expects the agreement to allow the brand to get closer to its customers and their passions. Epson believes in giving something back to the communities in which it operates and there are strong synergies with Manchester United, who also has a strong community spirit and is well-known for its local community programmes.
Manchester United’s chief executive David Gill said: “We are obviously delighted to have Epson as one of our commercial partners with immediate effect and are looking forward to developing an exciting communications programme that helps us both achieve our business goals. Epson is a superb global brand, that sits perfectly alongside our existing partners.”
The agreement will be announced to fans at half time during the game against Blackburn Rovers on Saturday, 27 November.
Large Format Review (LFR) today announced it has achieved massive growth in its readership figures. October 2010 was the first month ever where the site recorded over 500,000 hits.
Breaking down this data further, there were 33,000 unique visits from 10,000 unique IP addresses - averaging over 1000 unique visits per day. Over 128,000 individual pages were served to LFR users.
Abi Ricketts, the recently appointed editor of LFR, comments, “These readership figures back up the fact that LFR is the large format digital printing industry’s fastest-growing online news portal. Visitors to the site are able to find out what is newsworthy in the large format digital printing industry in a format that clearly suits them.”
Graph on the left shows statistics for year up to October 2010, whilst graph on the right shows growth since site launch in April 2009 - we are working hard behind the scenes to ensure this rate of growth continues.
Making the most of LFR - suppliers and manufacturers:
We would encourage all industry suppliers and manufacturers to send their news stories and press releases to us - this is a completely free service that will see your story displayed on the LFR website, as well as going out to our weekly eNews list (26,000 recipients).
on their distribution list. You can also add colleagues and contractors that you think would be interested in receiving our Weekly eNews Bulletins by clicking here - they will be sent an email asking to confirm their acceptance.
For those looking for a bigger and more permanent presence, you could consider advertising on the LFR website. As stated above, our website now gets over 1,000 unique visitors every single day from large format print professionals looking for new products and new opportunities.
Download our Media Pack for the latest information.
Making the most of LFR - print providers...
We can particularly recommend Linkedin; developed specifically for business, Linkedin doesn’t run the risk of blurring your professional life with your private one; and with more than 25 million users, it serves virtually every industry and profession.
So why not come and join us on the LFR Group, where you can read the latest News, start conversations with, and canvas opinion from, a network of LFP professionals that are already on Linkedin. You can even use Linkedin to find employees (or employment).
Designed to provide an exciting yet practical demonstration suite for new and existing customers, Roland DG (UK) has opened its innovative Creative Centre as its UK head-quarters in Somerset. Located just minutes off the M5 at Clevedon, this new facility has been planned to show all of the company's solutions in a walk-through lay-out, with its families of machines complemented by comprehensive production examples from each system.
The Roland Creative Centre is rich in the types and varieties of application which can be produced using its equipment, including full-colour wide-format printers, high quality vinyl cutting, routing and engraving. These examples of output show how the company's systems can generate productive and unusual solutions, demonstrating how even modest investments can be used to create profitable, eye-catching work on all types of material.
The layout of the new Creative Centre enables visitors to view the production processes, from start to finish, showing initial designs being processed before being passed to the output device. Full-colour jobs can be seen generated with Roland's VersaWorks RIP before being sent to one of the company's printers, and the same artwork can be used to demonstrate how the different ink technologies can be used for high quality and unusual results.
Unlike most showrooms, the purpose of the Creative Centre is to emulate a true production environment so that visitors can see how Roland's machines work in day-to-day situations. Visitors can also compare solutions to assess which suits them best with experts always on-hand to discuss creative opportunities and how they can be generated using the best combinations of machine and material.
"Roland's existing and potential customers come from all walks of life, and various different areas of commerce and industry; because we know every requirement is different, we understand the importance of not categorising our solutions or our users," states Jerry Davies, managing director of Roland DG (UK). "The concept of digital production means that it can be used by everyone, from start-ups through to established organisations wanting to enter into new markets. The comprehensive suite of systems displayed in our Creative Centre shows new avenues of flexibility and versatility for a vast range of business opportunities."
The Creative Centre takes visitors through all the different processes on offer from Roland, and how results can be created quickly and easily. The solutions demonstrated include photo impact engravers and production options for rapid prototyping, reverse engineering, precision milling and engraving. These are complemented by the company's renowned families of vinyl cutters, and the latest generation of wide-format ink-jet systems including print-and-cut automation, featuring solvent-based metallic and white inks and UV-curable options, again with white ink, plus clear varnish.
Davies concludes: "Our Creative Centre offers far more than a demonstration suite, enabling users to stretch their creativity and gain ideas about how to generate more profitability. All of our production solutions are backed up by our comprehensive RolandCare support, and specialist courses at the Roland Academy are available for users wanting to move into new business opportunities which we can help them unleash."
HP today announced financial results for its fourth fiscal quarter ended October 31, 2010, with net revenue of $33.3 billion, up 8% from the prior-year period including a slight negative currency impact of about one percentage point.
In the fourth quarter, GAAP diluted earnings per share (EPS) was $1.10, up 11% from $0.99 in the prior-year period. Non-GAAP diluted EPS was $1.33, up 17% from $1.14 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.23 per share and $0.15 per share in the fourth quarter of fiscal 2010 and 2009, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.
"HP proved once again that it is able to execute given its market strengths and technology leadership," said Léo Apotheker, HP president and chief executive officer. "I have seen firsthand that we have talented people who are focused on delivering value for our customers. Our market opportunity is vast, and I am confident that we will extend our leadership into the future."
"HP continued to execute in the fourth quarter, delivering growth, expanding margins and increasing earnings per share double digits," said Cathie Lesjak, HP executive vice president and chief financial officer. "We continue to invest in the business, in sales and in R&D, while driving further efficiencies."
Information about HP's use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below. Unless otherwise noted, all growth rates included in the narrative below reflect year-over-year comparisons.
Full Year Fiscal 2010
Net revenue for the full fiscal year 2010 was $126.0 billion, up 10% compared with the prior-year or up 8% when adjusted for the effects of currency. GAAP operating profit was $11.5 billion, and GAAP diluted EPS was $3.69, up from $3.14 in the prior year. Non-GAAP operating profit was $14.4 billion, and non-GAAP diluted EPS was $4.58, up from $3.85 in the prior-year. Non-GAAP financial information excludes $2.1 billion of adjustments on an after-tax basis, or $0.89 per diluted share, related to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.
Fourth Quarter Fiscal 2010
Fourth quarter revenue was up 10% in the Americas to $15.1 billion. Revenue was up 6% in Europe, the Middle East and Africa and up 8% in Asia Pacific to $12.4 billion and $5.8 billion, respectively. When adjusted for the effects of currency, revenue was up 9% in the Americas, up 11% in Europe, the Middle East and Africa and up 3% in Asia Pacific. Revenue from outside of the United States in the fourth quarter accounted for 64% of total HP revenue, with revenue in the BRIC countries (Brazil, Russia, India and China) increasing 12% while accounting for 10% of total HP revenue.
Services revenue increased 0.4% to $9.0 billion in the fourth quarter. Revenue in each of Infrastructure Technology Outsourcing, Application Services and Technology Services grew roughly 1%. Business Process Outsourcing revenue was down 11%, including a 7% negative impact due to the divestiture of ExcellerateHRO, LLP (EHRO). Operating profit was $1.5 billion, or 16.7% of revenue, up from $1.4 billion, or 16.2% of revenue, in the prior-year period.
Enterprise Storage and Servers
Enterprise Storage and Servers (ESS) reported total revenue of $5.3 billion in the fourth quarter, up 25%. Industry Standard Server revenue increased 32%, while Storage revenue increased 14% and Business Critical Systems revenue grew 10%. ESS blade revenue was up 51%. Operating profit was $730 million, or 13.9% of revenue, up from $481 million, or 11.4% of revenue, in the prior-year period.
HP Software revenue increased roughly 1% to $974 million in the fourth quarter. Business Technology Optimization revenue increased 4%, and Other Software revenue decreased 6%. Operating profit was $247 million, or 25.4% of revenue, up from $234 million, or 24.2% of revenue, in the prior-year period.
Personal Systems Group
Personal Systems Group (PSG) revenue increased 4% to $10.3 billion in the fourth quarter. HP maintained the leading market share position in PCs worldwide with a 2% increase in unit shipments. Notebook revenue for the quarter was down 3% from the prior year period, while Desktop revenue increased 13%. Commercial client revenue was up 20%, while Consumer client revenue declined 10%. Operating profit improved to $568 million, or 5.5% of revenue, up from $460 million, or 4.7% of revenue, in the prior-year period.
Imaging and Printing Group
Imaging and Printing Group (IPG) revenue increased 8% to $7.0 billion in the fourth quarter. Supplies revenue was up 6%, while Commercial hardware revenue and Consumer hardware revenue were up 22% and down 2%, respectively. Printer unit shipments increased 14%, with Commercial printer hardware units up 43% and Consumer printer hardware units up 7%. Operating profit was $1.2 billion, or 17.4% of revenue, versus $1.2 billion, or 18.1% of revenue, in the prior-year period.
HP Networking revenue increased 227% overall in the fourth quarter including the impact of the 3Com acquisition, which was completed last April. ProCurve revenue grew 50% over the prior-year period.
HP Financial Services
HP Financial Services (HPFS) revenue increased 11% to $809 million in the fourth quarter. Financing volume increased 11%, and net portfolio assets increased 14%. Operating profit was $73 million, up from $66 million in the prior-year period.
HP generated $3.2 billion in cash flow from operations for the fourth quarter. Inventory ended the quarter at $6.5 billion, with days of inventory flat year over year at 23 days. Accounts receivable of $18.5 billion was up 2 days year over year. Accounts payable ended the quarter at $14.4 billion, down 5 days from the prior-year period. HP's dividend payment of $0.08 per share in the fourth quarter resulted in cash usage of $181 million. HP also utilised $4.0 billion of cash during the quarter to repurchase approximately 96 million shares of common stock in the open market. HP exited the quarter with $11.0 billion in gross cash.
For the first quarter of fiscal 2011, HP estimates revenue of approximately $32.8 billion to $33.0 billion, GAAP diluted EPS in the range of $1.06 to $1.08, and non-GAAP diluted EPS in the range of $1.28 to $1.30. First quarter fiscal 2011 GAAP and non-GAAP diluted EPS estimates include a one-time gain of approximately $0.04 per share primarily related to the disposition of real estate.
First quarter fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.22 per share, related primarily to the amortisation of purchased intangibles, restructuring charges and acquisition-related charges.
HP expects full year fiscal 2011 revenue in the range $132 billion to $133.5 billion, GAAP diluted EPS in the range of $4.42 to $4.52, and non-GAAP diluted EPS in the range of $5.16 to $5.26. GAAP and non-GAAP diluted EPS includes a one-time gain of approximately $0.04 per share primarily related to the disposition of real estate.
Full year fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.74 per share, related primarily to the amortisation of purchased intangibles, restructuring charges and acquisition-related charges.
Print is a great industry- its official! And we don’t just mean it’s a great industry to work in either. Print plays a vitally important role in the performance of UK plc, and has huge economic significance nationally.
Did you know that the UK print sector:
is World’s fifth largest producer of printed products?
has a turnover of £14.3 billion?
has a gross value added of £6.4 billion?
has 10,500 companies?
employs 140,000 people?
had a positive trade balance of £1 billion in 2009?
made a capital investment of £700 million in 2008?
Using data from a wide range of official sources, the BPIF has published a new flyer UK printing - the facts and figures, a copy of which has been sent to all its member companies with the November issue of BPIF membership magazine inprint. It sets out detailed information on the structure of the printing industry by region and product, as well as covering its economic importance and its productivity. It also highlights the effectiveness and sustainability of print as a modern communications medium.
The BPIF has produced this flyer as part of our on-going programme of representational activity directed toward influencing government agencies and other organisations whose decisions impact on the industry’s interests. As with Priorities for Print – the lobbying document that the BPIF published earlier this year, UK printing - the facts and figures will be used to educate politicians, parliamentarians and public servants about the vital role print plays in today’s economy, and a copy is being sent to all MPs.. The BPIF is keen to encourage companies to use in their own contacts with external audiences, including customers, and its handy fold up laminated format means it’s ideal to carry with you on your travels.
Stakeholders tell Océ, an international leader in digital document management and delivery, they believe the company is "highly sustainable". During its annual Stakeholder Dialogue, Océ asked a representative sample of customers, suppliers, employees, investors, academics and NGOs to comment on its sustainability policy and performance.
Océ Stakeholders Dialogue 2010:
Feedback on focal areas
The findings of a survey completed prior to the event were discussed at a well attended meeting of minds last week, where Océ received feedback on its sustainability focal areas: paper, energy, reuse, product responsibility and employer of choice. "Reuse and product responsibility offer scope to add great value," said one survey respondent. "To increase the return on investment, Océ should apply its sustainability efforts to sales and marketing," said another. Some 75% of respondents said they believed the five Océ focal areas are relevant, meaningful and comprehensive. A similar percentage of respondents said they felt their sustainability issues were addressed in the company's annual sustainability report, other publications and on www.sustainability.oce.com.
Valuable stakeholder recommendations
During the Stakeholder Dialogue, a large number of recommendations were made aimed at enhancing the company's well appreciated sustainability policy and performance. They included the following:
Supply Chain Management
Océ should encourage suppliers to participate in the Carbon Disclosure Project, an independent not-for-profit organisation holding the largest database of corporate climate change information in the world. Océ has participated in the Carbon Disclosure Project since 2008.
Product and company carbon footprint
The company should optimise the return flow of used equipment and prepare it for a second life. In addition, Océ should not only focus on sustainable technologies but also more on sustainable materials.
Océ should drive for a more diverse workforce. Attracting and engaging young, qualified and multi-cultural professionals, both male and female. Creating mentorship programs for the employees over 40 to transfer knowledge. Facilitate job rotation, work/life balance interaction and more flexible working conditions.
Communication and transparency
The company should communicate more frequently and intensively the meaning of sustainability to customers and how Océ helps stakeholders work in a more sustainable way. Better communicate the progress made on reuse and recyclability of Océ products. Also, Océ should better disclose its hidden value by detailing energy cost savings on products and services.
Furthermore, stakeholders recommended that Océ further develop its sustainability policy in close alignment with Canon, with whom Océ joined forces in March 2010.
License to operate requires favorable rating
"At Océ we acknowledge that our license to operate requires that our sustainability performance has to be rated positively by stakeholders from all walks of life", said Océ CEO Rokus van Iperen in a video address to participants. "Even more, we recognise that sustainability is not only a license to operate or a hygiene factor, but we are convinced that sustainability is a positive business driver, a driver that can make the difference with regard to the value we add to our customers, end-users and stakeholders."
Implementation of last year's findings
One of the key recommendations of the 2009 Stakeholder Dialogue was that Océ should make more use of knowledge from outside the industry. During this third Stakeholder Dialogue entitled 'Explore, Engage, Empower' the 35 attendees from various European countries heard presentations by TNT (post and express delivery), BAM (construction group), Van Gansewinkel ("waste no more") and the UN Global Compact.
"Sustainability is in our genes"
"Back in the mid-19th century, our founding fathers were concerned about the environment and committed to working in a way we would today call 'sustainable,' said Harry Loozen, Senior Vice President Corporate Public Affairs and Sustainability, in his address to the Stakeholder Dialogue. "Indeed, sustainability is in our genes, a guiding principle of our company long before the word became fashionable. Today, we have listened to and learned from your words of wisdom," he concluded, thanking stakeholders for their valuable insights.
Follow up to this year's findings
Evaluation by participants at the 2010 Stakeholder Dialogue suggests that the information exchange was relevant and useful and that they felt they had the opportunity to provide input on Océ's sustainability policy and performance. Once the impressive range of recommendations has been carefully analysed, stakeholders will be requested to vote on those deemed to have highest priority. Océ will strive to implement these priorities in the coming months and report progress during the 2011 Stakeholder Dialogue.
Large Format Review provides daily breaking news on digital printer technology as used for commercial production of print for wide-format sign and display, dye-sublimation textile and fabric printing, packaging and industrial applications. We also cover 3D print and additive manufacturing.