20 Jun 2019

Oce reports net loss of €23 million in the fourth quarter

 

Oce logo

Oce reports net loss of €23 million in the fourth quarter

Action program on track

 

Highlights fourth quarter:

 

  • Market development continued to affect printing industry strongly
  • Revenues € 683 million (-11% organically)
  • Normalized operating income € 16 million
  • Restructuring costs € 27 million
  • Net loss € 23 million

 

 

Highlights full year:

 

  • Free cash flow € 82 million
  • Cost-cutting measures delivered results (€ 154 million)

 

 

Comments by Rokus van Iperen, Chairman of the Board of Executive Directors: "Our revenues continued to decline in the fourth quarter as customers remained uncertain about the economic situation and sustained their efforts to reduce costs. Towards the end of the year, we saw some bottoming out in the sales of continuous feed systems in the United States.

We are on track with the implementation of our action program related to job reductions and saving out-of-pocket expenses. Although we have spent a significant amount on restructuring, we improved our cash flow by further reducing inventories and trade receivables. Our net debt developed positively for the third consecutive quarter.

In 2010, we anticipate that the markets will remain challenging. In order to further strengthen our competitive position and drive sales under difficult market conditions, we will continue to introduce innovative products.

The fourth quarter was marked by the important announcement of Canon’s intended recommended offer for Océ, which is aimed at creating the global leader in the consolidating printing industry. In the meantime, the transaction process is on track and all relevant anti-trust approvals have been obtained."

 

 

 

 

Not-for-Profit Exhibitors Snatch Up Space at Ipex 2010 Knowledge Centre

Knowledge Centre at IPEX 2010

The brand new Ipex 2010 Knowledge Centre has been greeted enthusiastically by a wide range of not-for-profit organisations around the world. Designed to heighten the visitor experience and maximise time at the event, the Knowledge Centre provides an easily accessible information hub where visitors can seek advice from trade association about memberships, pensions, industry accreditation, best industry practice as well as educational matters.

Says Trevor Crawford, Event Director for Ipex 2010: “The reaction to the Knowledge Centre has been extremely positive and we’re delighted with the calibre of names that have signed up to exhibit. The features and initiatives at Ipex have become one of Ipex’s cornerstones that offer opportunities for learning and finding cost-reducing and profit-making answers. Nowhere else can you as easily investigate and compare, review and analyse business issues to gain that all important competitive edge.”

He continues: “All Knowledge Centre partners will receive a small exhibition pod which is fully equipped with furniture and electrics. All they need to provide is someone to look after visitors and bring their own display material. There’re only a handful of pods left so we would urge other not-for-profit organisations that are interested in exhibiting to get in touch as soon as possible.”

Leading trade bodies already confirmed on the floor plan include: the Asian Flexographic Technical Association; the Forest Stewardship Counsel (FSC); the Ghent Workgroup; the Independent Print Industries Associations (IPIA); the International Print Purchasing Standards Association (iPPSA); the London College of Communication; the National Association of Paper Merchants (NAPM); the Printers Charitable Corporation; PrintIT!; Printing Industries Association of Australia; the Printing Industry Pension Scheme (PIPS); Programme for the Endorsement of Forest Certification (PEFC); National Association of Paper Merchants (NAPM); the Welsh Centre of Printing & Coating.

Andrew Bartlett, Chairman of the iPPSA comments: “The Ipex 2010 Knowledge Centre is a great new idea and will be the ideal route for us to reach a wider international audience. People, information and knowledge are companies’ most valuable assets and the key to their future prosperity. The Knowledge Centre provides the perfect platform to learn about better practices and new ways to do business. Everyone is looking to boost their business and this area should stimulate minds and positive change.”

Attached to the feature will be a seminar theatre in which participating organisations can book presentation slots via a centralised booking system. These sessions will last 30 minutes and are free-of-charge for visitors to attend. The Ipex organisers will promote the Knowledge Centre feature, including the presentations globally in the run up to the event as well as during each day at the show. Check out the latest programme at www.ipex.org/knowledge

Not-for-profit organisations who would like to be considered for the Ipex 2010 Knowledge Centre feature can apply directly to Peter Orford at This email address is being protected from spambots. You need JavaScript enabled to view it. or phone him on +44 (0)20 337 73384.

Drytac Europe Ltd Appoint Additional Area Sales Manager to Cope with Expanding Sales in the North

Steve Broad at Drytac

Drytac Europe, leading global manufacturer of mounting adhesives, laminating films, finishing products and equipment is pleased to announce the appointment of Steve Broad as a new member of the Area Sales Team for the North.

Steve Broad will join Drytac as Technical Area Sales Manager, and with his base in Wigan he will be covering all areas from North Wales through to Cleethorpes and all points North of this.  Paul Tomlinson who previously carried out the role of Area Sales Manager for the North will now cover the newly created Midlands Territory.

Following an educational and early professional background in Electronic Engineering, Steve first joined the Graphics industry in 1995 as a field engineer repairing print finishing and wide format laminating equipment. With his sound technical knowledge & expertise, Steve’s role quickly moved towards helping & supporting the sales representatives to overcome problems of applications and processes, which naturally progressed into a career in technical sales.

Amongst a list of many other achievements, Steve has also set up and managed his own company, Print Finishing Solutions, maintaining and supporting Borough Council print rooms across the Northwest as well supplying a range of finishing equipment to the graphics industry.

With his excellent technical awareness and deep understanding of the graphics and print markets, Steve is certainly well placed to give Drytac’s customers peace of mind, as well as sound advice on both products and applications.

Drytac are delighted to welcome Steve on board and look forward to benefitting from his wealth of industry knowledge and expertise.

The Financial Big Hitters of the Large Format Print Industry aka The 2009 LFR Rich List

LFR 2009 Rich List

We put this list together following an informal discussion here at LFR HQ about who the real big players in the LFP market were, who might buy who (when we eventually pull out of recession, and our market continues to be shaped by acquisition and merger), this in turn led to us looking for stats on turnover, profit etc,.

We thought that the chart we ended up with was interesting and topical enough to make it worthy of publication here on LFR - we can only hope that you agree.

Listed below are the publicly traded companies involved directly (or through subsidiaries) in the large format digital print marketplace.

The uppermost list shows those listed in the Forbes Global 2000, with their current rank, whilst the list below shows some of the other big players, who are important through either financial size or their market presence. All figures are in $ USD Billions.

The Forbes Global 2000 is a comprehensive list of the world's biggest and most powerful companies, as measured by a composite ranking for sales, profits, assets, and market value.

 

Rank

Company

Sales

Profits

Assets

Market Value

36

Hewlett-Packard

118.70

8.05

109.63

69.57

122

Canon

45.12

3.41

43.79

32.05

189

3M

25.27

3.46

25.55

31.54

192

DuPont

31.84

2.01

36.21

16.93

295

Fujifilm Holdings

28.53

1.05

32.26

9.78

613

Dainippon

16.19

0.45

15.90

6.01

768

Xerox

17.61

0.23

22.45

4.48

778

Konica Minolta

10.74

0.69

9.46

4.14

1222

DIC (Sun Chemical)

10.80

0.31

9.51

1.12

1222

Seiko Epson

13.51

0.19

11.39

2.28

1546

Eastman Kodak

9.42

-0.44

9.18

0.86

1594

Avery Dennison

6.71

0.27

6.04

2.14

 

 

 

 

 

 

 

Sequana (Antalis)

7.17

 

 

 

 

Paperlinx (RHG)

5.74

 

 

 

 

AGFA Gevaert

4.33

 

 

 

 

Oce

4.16

 

 

 

 

Bemis (MACtac)

3.78

 

 

 

 

Toyo Ink

1.36

 

 

 

 

Sakata (INX)

1.14

 

 

 

 

EFI

0.56

 

 

 

 

Gerber Scientific

0.55

 

 

 

 

Roland DG Corp

0.30

 

 

 

 

Mutoh

0.29

 

 

 

 

Mimaki

0.27

 

 

 

 

All figures are in $ USD Billions.

Sources: Forbes Global 2000 list for 2009, Financial Times Market Data. E&OE.

 

Roland DG Launches New UK Website

Roland DG Website

Roland DG (UK) Ltd, worldwide leading manufacturer of wide format digital inkjet printers, engravers and 3D equipment today announces the launch of its brand new fully-functional website.

After consultation with a variety of both internal and external users, the new Roland website boasts a wide range of new features and benefits designed to help users and potential customers get the best possible information and support for Roland products.

‘We felt that our customers, both existing and new, deserve a better online presence from Roland’, says Jerry Davies, Managing Director at Roland DG (UK) Ltd, ‘Customers need clear and accessible information in order to make informed decisions. Our aim was to guide people through every experience with Roland online as simple as possible. We hope that the new Roland website and the subsequent ways in which we will evolve online will continue to make Roland the easiest company to deal with in the industry’.

One of the most noticeable improvements is the new online technical support centre. This latest feature allows users to access FAQs, help files and downloads for their Roland equipment as well as log support tickets for technical queries. Another new feature is the extensive applications pages, which provide new ideas to those already in business as well as those just starting out.

Davies continues, “This new Roland website not only enables users to find the information they need at the click of a button. Specific help files or media profiles can be made live within seconds, allowing us to respond quickly and efficiently to marketplace needs. It has been designed to grow and develop with the company, and we are extremely pleased with the results so far.”

The new Roland website can be accessed at www.rolanddg.co.uk

Andersons former National Sales Manager launches new Wide Format Operation

 

WP Digital Virtu RS25

Following on from, and perhaps as a direct result of, Litho Supplies' recent fall into administration, a new provider of printers, inks, consumables, software and service to wide-format producers has arrived in the UK and Ireland, with the launch of Digital Print Innovations (DPI).

The Midlands-based firm has been formed by Stewart Bell, the former National Sales Manager of Litho Supplies' wide-format division Andersons, who was made redundant on December 22nd.

Stewart brings some 20 years’ experience in the sector, and takes over existing supply contracts as DPI becomes the exclusive distributor for MTL and WP Digital UV-curable printing solutions.

“What’s been missing for out-of-home advertising and other display producers is the reliability and security provided by a focused, one-to-one service,” explains Bell, whose experience includes sales management for NUR and GBC Pro-tech. “In the days of corporate giants who can only offer impersonal technical support, we recognise that people buy from people. As a result, we are best placed to offer our customers continuity with complete, reliable and innovative solutions they need in the current era.”

DPI’s focus is on high-speed and versatile production machines for wide-format output of applications requiring speed, quality and reliability. Supplying both the successful Meital 300-series of UV-curable flatbeds, which feature the ability to create innovative applications for a low cost of ownership, and the WP Digital (formerly Spühl) flat-bed and roll-fed Virtu RS25, RS35 and RR50, which claim to print on virtually any material, the company’s support package includes RIPs such as Onyx and Caldera, as well as colour profiling requirements, full technical support and service.

Additionally, DPI is appointed as UK reseller for EskoArtwork’s Kongsberg cutting systems and software for the sign and graphics market and also offers the Seiko II series of solvent-based printers. “These technologies were hand-picked to make sure that our service combines the most creative equipment with an innovative support approach,” continues Bell. “Our team is dynamic and unfailingly full of good ideas and, thanks to our experience, we realise not only how these solutions have developed but also how to put them to the best use possible.”

Situated in Castle Donington, Digital Print Innovations’s central location enables easy access to the UK and Ireland courtesy of the M1 and East Midlands Airport.