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CEWE is planning further turnover and earnings growth in 2024 Earnings reports News 

CEWE is planning further turnover and earnings growth in 2024

GaryPageau
CEWE Stiftung & Co. KGaA  presented the results for 2023 and the outlook for 2024 at the Annual Press and Analysts’ Conference. The company closed the 2023 financial year with a significant increase in turnover and earnings: Group turnover, including futalis, which was sold in December 2023, increased by +6.5%, rising by €47.8 million to 788.8 million euros (2022: €741.0 million),... Read More
Claranova reports first half sales exceed €300 million Earnings reports News 

Claranova reports first half sales exceed €300 million

GaryPageau ,
PlanetArt parent Claranova reports half-year sales exceeded €300 million, with a normalized operating profit up 67% at constant rates to €27.5 million for an operating margin of 9.1%, with a net result of €2.2 million “The results for this first half of 2023-2024 demonstrate the tremendous work carried out by the teams for almost two years and the vigor of... Read More
Adobe reports record revenue in Q1 Fiscal 2024 Earnings reports News 

Adobe reports record revenue in Q1 Fiscal 2024

GaryPageau
Adobe reported financial results for its first quarter fiscal year 2024 ended March 1, 2024. “Adobe drove record Q1 revenue demonstrating strong momentum across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “We’ve done an incredible job harnessing the power of generative AI to deliver groundbreaking innovation across our product portfolio.” “Adobe’s Q1 results... Read More
Kodak reports improved profits for 2023, commits to film production Earnings reports 

Kodak reports improved profits for 2023, commits to film production

GaryPageau
Eastman Kodak Co. reported financial results for the fourth quarter and full year 2023, as well committing to be the “last manufacturer standing” for photographic film. The company showed lower revenue but improved profits. Fourth-quarter 2023 highlights include: Consolidated revenues of $275 million, compared with $305 million for Q4 2022, a decrease of $30 million or 10 percent (decreased by... Read More
Cimpress reports higher-than expected second-quarter results Earnings reports 

Cimpress reports higher-than expected second-quarter results

GaryPageau , ,
Vista parent Cimpress reported improved second-quarter results, including consolidated revenue growth of 9% on a reported basis and 6% on an organic constant-currency basis. The company’s cost-reduction plans will bring in approximately $25 million of year-over-year savings remaining that will benefit our fiscal third quarter. By segment Vista Q2 revenue grew 11% year over year on a reported basis and 9%... Read More
Smartphoto group shows resilience with growth in 2023 Earnings reports News 

Smartphoto group shows resilience with growth in 2023

GaryPageau
Wettern, Belgium-based Smartphoto group released preliminary results for the full year 2023. The company realized an increase in revenue to 77.3 million euro in 2023, an increase of 1.4% (or 1.0 million euro) was achieved in a year that company management characterized as”very difficult economic conditions, due to, among other things, the continuation of the war in Ukraine, the return... Read More
CEWE again significantly increases turnover and earnings in 2023 Earnings reports News 

CEWE again significantly increases turnover and earnings in 2023

GaryPageau
CEWE Stiftung & Co. KGaA closed the 2023 financial year with a significant increase in turnover and earnings according to preliminary, unaudited figures: Group turnover, including pet-food maker futalis, which was sold in December 2023, increased by +6.5% to 788.8 million euros (2022: 741.0 million euros), while the CEWE Group’s operating result (EBIT) calculated in this way rose to 81.6... Read More
GoPro reports 8% revenue decline for 4Q, full year Earnings reports News 

GoPro reports 8% revenue decline for 4Q, full year

GaryPageau
GoPro, Inc. announced financial results for its fourth quarter and full year ended Dec. 31, 2023. In both periods, the company showed an 8% decline in revenues, despite a double-digit percentage increase in subscriber revenue. For the fourth quarter of 2023, GoPro’s revenue was $295 million, down 8% year-over-year, but subscription and service revenue increased 13% year-over-year to $25 million.... Read More
Xerox releases fourth-quarter and full-year results Earnings reports 

Xerox releases fourth-quarter and full-year results

GaryPageau
Xerox Inc., Norwalk, Conn., reported declining sales for the fourth quarter and full year 2023. For the fourth quarter of 2023, revenue was $1.77 billion, down 9.1 percent year-over-year or down 10.6 percent in constant currency, along with a GAAP net loss of $(58) million, or $(0.50) per share, down $179 million or $1.24 per share, year-over-year, respectively. For the... Read More
Profoto sees big drop in quarter 3 sales Earnings reports News 

Profoto sees big drop in quarter 3 sales

GaryPageau
Swedish lighting equipment manufacturer Profoto Holding AG announced third-quarter net sales from July to September dropped 26.8 percent SEK 235 to SEK 172m (235). Organic growth totaled -28.7 percent and the currency effect 1.9 percent.  Net income was SEK 27 million compared to SEK 54 million a year ago. Basic earnings per share from continuing operations was SEK 0.67 compared... Read More
ME Group reports positive financial performance, boosted by photobooths Earnings reports News 

ME Group reports positive financial performance, boosted by photobooths

GaryPageau
 ME Group International plc,  the instant-service equipment group formerly known as Photo ME, announces a post-year end update in respect of the 12 months ended Oct. 31, 2023. Following a strong first-half performance, the group continued to see positive trading momentum throughout the second half, particularly across its core Photobooth and Laundry operations, the company said.   For the 12... Read More
U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail Earnings reports 

U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail

GaryPageau
The U.S. Postal Service announced its financial results for the 2023 fiscal year ended Sept. 30. The net loss totaled $6.5 billion, compared to net income of $56.0 billion for the prior year. The net income last year was due primarily to the one-time non-cash impact of the Postal Service Reform Act (PSRA) in April 2022 and the results this year were... Read More