The Recycler
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Biuromax Web banner June 2022
  • Katun March Web Advert 2021
  • Static Control June 2022 Masthead Ad

Konica Minolta turns profit back to black

Konica Minolta turns profit back to black

February 2, 2021

The company has released its latest consolidated financial results for the third quarter which ended 31 December 2020.

During the third quarter, performance recovered from -28% year-on-year to -8% in the third quarter. Revenue for the third quarter FY2020 was recorded as ¥230.2 billion ($2.19 billion/ €1.82 billion). Konica Minolta’s Digital workplace business segment which includes MFPs and IT services recorded revenues of ¥125 billion ($1.19 billion/ €988.8 million) a year-on-year decrease of 10%. Konica Minolta said that as expected within the digital workplace segment, new product sales grew with a focus on the key market of Europe.

In its predictions for the fourth quarter, the company said that it expects print volume will be bout 90% year-on-year in Q4, in FY21 Konica Minolta expects print volumes will reach 90% relative to FY19 annually, after which it will decline at an annual rate of 3 – 4%. Work from home will continue at a rate about midway between pre-COVID-19 and the lockdown period. The company said that it expects demand for automation and computerization of documents and operations to expand.

Previous financial forecasts have remained unchanged.

Categories : City News

Tags : Business Financials Konica Minolta OEM

  • Apex Web Ad September 2022
  • Mito Web Ad September 2022
  • Ink Tank September 2022 Web banner
  • GPI September 2022 Web Ad
  • Static Control June 2022 Big & Bold Ad
  • IR Italiana Web ad January 2021
  • GM Tech Web ad September 2022
  • Aster July 2022 Web banner
  • HYB Web banner
  • Zhono September 2022 Web Ad
  • CTS New Ad March 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • Zhono September 2022 Web Ad
  • PCL Web ad January 2021
  • HYB Web banner
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • HYB Web banner
  • CET June 2022 Web ad
  • Zhono September 2022 Web Ad
  • PCL Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark