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CEWE takes steps to mitigate COVID-19 fallout Earnings reports News 

CEWE takes steps to mitigate COVID-19 fallout

Due to the coronavirus pandemic, Europe’s leading photo printer CEWE-Stiftung & Co. KGaA announced cost-reduction measures, submit a notification of short-time work (staff pay reductions) as of April 1, 2020, applying to all three business segments: Retail, Photofinishing, and Commercial Online-Print. The proportion of short-time work may vary quite distinctly in the different corporate and operative divisions, the company said.... Read More
United Imaging Group reports record sales in 2019 Earnings reports 

United Imaging Group reports record sales in 2019

Leading European photo/video buying group United Imaging Group GmbH & Co.KG  announced 2019 sales of 379.5 million euros in 2019, a 27.6 percent increase from the 82 million euros from the year before. Even taking into account the 67 million euros contributed by the newly acquired europafoto membership, the group still gained more than 15 million from the year prior.... Read More
Kodak reports $1.2 billion revenues and $116 million earnings for 2019 Earnings reports 

Kodak reports $1.2 billion revenues and $116 million earnings for 2019

Eastman Kodak Co. reported full-year 2019 financial results. including revenues of $1.2 billion (about $100 million less than the prior year), continued growth in key product areas and net earnings of $116 million (compared to a $16 million loss in 2018). The company’s revenues were boosted by the sales of its Flexographic Packaging Division. Other highlights: Key product lines achieved... Read More
Michaels Cos reports lower fourth-quarter sales Earnings reports 

Michaels Cos reports lower fourth-quarter sales

The Michaels Companies Inc. reported a decline in sales for the fourth quarter of fiscal 2019 compared to the prior-year period is due to lower comparable-store sales, the closure of Pat Catan’s stores during the fourth quarter of fiscal 2018, and a decrease in wholesale revenue. This was partially offset by sales related to 16 additional Michaels stores (net of... Read More
HP announces earnings, plans to spend $15 billion to buy back shares Acquisitions Earnings reports Feature News 

HP announces earnings, plans to spend $15 billion to buy back shares

Facing an increasingly hostile takeover pitch from Xerox Holdings, HP Inc. used its quarterly earnings announcement to offer a “multi-year strategic and financial value creation plan” to deliver improved financial results by 2022. The cross-company plan will include billions in “sustained cost actions” and a $16 billion capital return program over three years. Under the plan, HP says it will... Read More
CEWE sales up 10% to 714.9 million euros in 2019 Earnings reports 

CEWE sales up 10% to 714.9 million euros in 2019

CEWE Stiftung & Co. KGaA announced it reached its sales and profit targets for the financial year of 2019. Preliminary results show a sales increase of 10.1%, to 714.9 million euros, which exceeds the 2019 sales target in the range of 675 million to 710 million euros (turnover in 2018: 649.3 million euros). The product groups all contributed to growth,... Read More
Industry Notes for the week of Feb. 8 Earnings reports Events News People on the Move Updates 

Industry Notes for the week of Feb. 8

Rumors and interesting items from around the internet Fujifilm pulls X100V promo video after backlash over photog’s shooting style, via PetaPixel Google admits it sent private videos in Google Photos to strangers, via The Verge Why Camera Manufacturers Are No Longer Relevant, via Fstoppers DCW is the new online home for Australian Camera and ProPhoto magazines Apps and updates The... Read More
GoPro reports full-year revenue up 4% Earnings reports 

GoPro reports full-year revenue up 4%

GoPro Inc. announced financial results for its fourth quarter and full-year ended December 31, 2019. Full-year revenue was $1.195 billion, up 4 % over last year, with fourth-quarter revenue up 40% to $528 billion. Net income for the year was $96 million. “GoPro achieved both revenue growth and full-year non-GAAP profitability in 2019 due to strong sell-through throughout the year... Read More
smartphoto group NV reported higher sales and operating profit Earnings reports 

smartphoto group NV reported higher sales and operating profit

  Belgian personalized photo company smartphoto group NV reported higher sales and operating profit, according to a report in De TIJD. Sales increased 10.6 percent to 51.1 million euros and, as a result of the growth in photo gifts with a higher margin, gross operating profit rose 14.2 percent to 7.9 million euros (and even by 27.3 percent to 8.8 million... Read More
Industry notes for the week of Feb. 1 Earnings reports People on the Move SDKs and APIs Updates 

Industry notes for the week of Feb. 1

Rumours and interesting items from around the internet 2019 Mirrorless Cameras Compared: Sony vs Canon vs Nikon, via the BorrowLenses blog Earning Reports Apple reports record first-quarter results, via press release. Apple posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4.99, up 19 percent,... Read More
Cimpress reports improved bottom line Earnings reports News 

Cimpress reports improved bottom line

Cimpress  PLC reported second-quarter results of total revenues of $820.3 million, compared with $825.6 million a year ago.  The National Pen segment generated revenues of about $128 million, down 3.8% while the company’s largest revenue-generating segment, Vistaprint, reported aggregate revenues of $433.3 million, down from $443.9 million. Upload and Print segment’s revenues increased to $214.1 million from $203.8 million in the year-ago... Read More
Xerox reports improved earnings on lower sales for 2019 Earnings reports 

Xerox reports improved earnings on lower sales for 2019

Xerox Holdings Corp. announced full-year 2019 revenue dropped 6.7 percent to $9.07 billion, but saved $640 million under the “Project Own It” cost-savings plan, which contributed to improved earnings and cash flow. “We are delivering on our three-year plan. We grew earnings per share, increased cash flow and expanded adjusted operating margin for the full year, and we improved our... Read More
ZEISS reports 11 percent revenue increase Earnings reports News 

ZEISS reports 11 percent revenue increase

The ZEISS Group, Stuttgart, Germany, reported fiscal year revenues continued to grow, with revenue and earnings reaching new heights in fiscal year 2018/19, which ended Sept. 30, 2019. Revenue grew by 11 percent, reaching 6.428 billion euros (previous year: 5.817 billion euros). Adjusted for currency and acquisition effects (like-for-like), revenue rose by 8 percent. At 1.063 billion euros, earnings before... Read More
Michaels reports disappointing third-quarter results Earnings reports News 

Michaels reports disappointing third-quarter results

The Michaels Companies Inc. reported net sales were $1,222.0 million in the third quarter of fiscal 2019 compared to $1,274.1 million in the third quarter of fiscal 2018. The decrease in net sales was primarily due to a 2.2% decrease in comparable store sales, the closure of Pat Catan’s stores during the fourth quarter of 2018, and a decrease in... Read More
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