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Smartphoto Group reports double-digit revenue growth Earnings reports 

Smartphoto Group reports double-digit revenue growth

GaryPageau
Wetteren, Belgium-based Smartphoto group reported double-digit revenue growth, increasing 9.9 million euro from 51.5 million euro in 2019 to 61.4 million euro in 2020. EBITDA grew by 34.9% from 8.8 million euro in 2019 to 11.9 million euro in 2020, i.e. an increase of 3.1 million euro. Net profits grew 21.24% to 8.397 euro, from 6.926 euro in 2019. The... Read More
CEWE plans to raise dividend for 12th consecutive year Earnings reports 

CEWE plans to raise dividend for 12th consecutive year

GaryPageau 1 Comment
The Board of Management of CEWE Stiftung & Co. KGaA resolved to propose to the Supervisory Board, on the basis of the preliminary unaudited figures for the 2020 financial year, to raise the dividend to 2.30 euros per eligible share, up from 2.00 euros. CEWE concluded the 2020 financial year sales increased to 727.3 million euros from 720.4 million euros... Read More
PlanetArt parent Claranova reports six-month results up 25% Earnings reports 

PlanetArt parent Claranova reports six-month results up 25%

GaryPageau ,
French conglomerate and parent of PlanetArt Claranova reported revenue for the first half of fiscal 2020 of €278 million, up 25% at constant exchange rates. Reflecting the group’s exposure to North American and UK currencies which weakened against the euro, this period was significantly impacted by exchange rate fluctuations. Taking into account this impact, revenue grew 19% at actual exchange... Read More
GoPro announces fourth quarter, full year 2020 results Earnings reports 

GoPro announces fourth quarter, full year 2020 results

GaryPageau
GoPro Inc. announced fourth-quarter and full-year results for year ended Dec. 31, 2020. The company posted fourth-quarter revenue of $358 million, a 28% increase from the previous quarter. For the full year, revenue was $892 million, down 25% from the $1.19 billion in 2019. “GoPro’s shift to a more subscription-centric consumer-direct model is resulting in a simpler, more profitable business... Read More
Smartphoto shows double-digit revenue in 2020 Earnings reports News 

Smartphoto shows double-digit revenue in 2020

GaryPageau ,
Wetteren, Belgium-based Smartphoto group again achieved another strong year in 2020. Revenue showed double-digit growth of 19.2% from 51.5 million euro in 2019 to 61.4 million euro in 2020. The company said improved marketing efficiency leads to an EBITDA growth of 34.9% from 8.8 million euro in 2019 to 11.9 million euro in 2020. Net cash increased by 5.0 million... Read More
Cimpress announces lower second-quarter results Earnings reports 

Cimpress announces lower second-quarter results

GaryPageau ,
Vistaprint parent Cimpress plc reported lower second-quarter fiscal 2021 results. Total revenues in the fiscal second quarter were $786.1 million compared with $820.3 million in the year-ago quarter. For six months, revenues were $1.37 billion in 2020, compared to $1.45 billion in 2019. Second-quarter net income was $33,901, compared to $190,649  last year. For six months, net income was $23,823... Read More
Industry Notes for the week of Jan. 25 Earnings reports People on the Move Updates 

Industry Notes for the week of Jan. 25

GaryPageau , ,
Events Photopia event gains the support of German photographic industry The photo and imaging trade show Photopia planned for Sept. 23 to 26, 2021 in Hamburg, Germany, has announced a cooperation with the German Photographic Industry Association (PIV), according to World of Photo. The four-day photo and video festival is set to enable “photo enthusiasts from all over the world to experience the latest... Read More
CEWE to report earnings increase for 2020 fiscal year Earnings reports 

CEWE to report earnings increase for 2020 fiscal year

GaryPageau
Oldenburg, Germany-based photo product maker CEWE Stiftung & Co. KGaA anticipates a significant earnings increase when 2020 financial results are reported. Uncertified initial figures CEWE concluding the year with a group turnover increase in the range of around 727 million euros (2019 FY: 720.4 million euros) and EBIT improved more than proportionately to a level of around 79 million euros... Read More
Best Buy reports strong third-quarter results Earnings reports 

Best Buy reports strong third-quarter results

GaryPageau
Best Buy Co., Inc. announced third-quarter results showed comparable stores sales were up 23%, compared to the 13-week third quarter ended Nov. 2, 2019. Best Buy’s domestic revenue of $10.85 billion increased 21.0% versus last year., driven by comparable sales growth of 22.6%, which was partially offset by the loss of revenue from permanent store closures in the past year.... Read More
Claranova reports first-quarter growth up 19% Earnings reports 

Claranova reports first-quarter growth up 19%

GaryPageau , , ,
Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a... Read More
GoPro doubles third-quarter revenue Earnings reports 

GoPro doubles third-quarter revenue

GaryPageau
GoPro reports third-quarter 2020 revenue was $281 million, a 109% sequential improvement from $134 million, driven by the HERO9 and a boost in GoPro subscriptions. Net income dropped to $3 million, however, from $31 million last year.  “Thanks to consistent momentum throughout the quarter and the strong launch of HERO9 Black coupled with our GoPro subscription service, in Q3 GoPro achieved... Read More
Xerox reports 19 percent drop in third-quarter revenue Earnings reports 

Xerox reports 19 percent drop in third-quarter revenue

GaryPageau
Xerox Holdings Corp. announced its third-quarter 2020 revenue of $1.77 billion, down 18.9 percent year-over-year or 19.7 percent in constant currency and up $302 million from the second quarter. Operating cash flow from continuing operations was $106 million, down $242 million year-over-year and up $72 million from the second quarter. “The flexibility and financial discipline we have built in our... Read More
PlanetArt sees fiscal 2020 revenues climb 78% Earnings reports 

PlanetArt sees fiscal 2020 revenues climb 78%

GaryPageau , , , , , , ,
Claranova, the parent company of PlanetArt, closed fiscal 2020 with record growth. The group cleared the €400 million revenue bar (€409 million), progressing 56%, of which organic growth of 20%, the company said. Claranova’s three-year average annual growth rate is 46% and the group has enjoyed 14 consecutive quarters of growth. This strong growth was achieved while preserving operating profitability... Read More