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

Konica Minolta’s revenue recovered to 95% of FY19

Konica Minolta’s revenue recovered to 95% of FY19

July 30, 2021

The company has released its first quarter FY2021 financial results recording a year-on-year growth of revenues.

For the reporting period ended 30 June 2021, Konica Minolta recorded revenues of ¥229.9 billion ($2.1 billion/ €1.8 billion), up 33% year-on-year. The company said that “revenue recovered to 95% of FY19 level as a result of restored demand and increased revenue in growth fields.”

Konica Minolta’s digital workplace business segment which includes MFPs and IT services recorded revenues ¥121.2 billion ($1.1 billion/ €929 million), a 28% increase year-on-year. Operating profit for the business segment was ¥1.1 billion ($10 million/ €8.4 million), up from -¥9.6 billion (-$88 million/ -€74 million) during the same period of the previous year.

Konica Minolta explained that sales of hardware recovered due to the resumption of economic activity in each country, particularly the U.S. and Europe (up 29%, down 9% vs.FY19. Unit sales were up 26%, down 7% vs. FU19). Sales for non-hard were also up with recovery of print volume as expected, as employees returned to workplace at client companies (up 20%, a16% decline compared to FY19).

Revenue by region showed up 25% in Europe, which was heavily impacted by lockdowns in the previous year, and up 25% in the U.S. as well. Revenue was up 11% in Japan, and down 2% in China, where the impact was relatively modest in the previous fiscal year.

Initial forecasts released on 14 May 2021 were left unchanged.

Categories : City News

Tags : Business Financials Konica Minolta OEM

  • GPI July 2022 Web Banner
  • Aster July 2022 Web banner
  • IR Italiana Web ad January 2021
  • Mito July 2022 Web banner
  • Static Control June 2022 Big & Bold Ad
  • GM Technology July 2022 Web banner
  • Apex UStation web banner
  • ITP Web ad January 2021
  • Zhono web ad May 2022
  • CTS New Ad March 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • HYB Web banner
  • CET June 2022 Web ad
  • PCL Web ad January 2021
  • Zhono web ad May 2022
  • ITP Web ad January 2021
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • HYB Web banner
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • CET June 2022 Web ad

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

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021