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Smartphoto shows double-digit revenue in 2020 Earnings reports News 

Smartphoto shows double-digit revenue in 2020

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
Industry Notes for the week of Dec. 12 Events News People on the Move Updates 

Industry Notes for the week of Dec. 12

  Pro Photography Lifetouch reducing staff by 100 at Ontario, Ohio church directory plant  Lifetouch notified the State of Ohio the company will reduce permanently reduce staff by 100 persons by February 2021, at its Ontario, Ohio facility. The Shutterfly Lifetouch Church Business operations were severely impacted by COVID-19, the company said in a letter to the Ohio Department of Jobs... Read More
Industry notes for the week of Nov. 7 People on the Move Updates 

Industry notes for the week of Nov. 7

Retail news Digital Imaging Reporter’s 2020 State of the Industry Digital Imaging Reporter has published its annual state of the industry compendium of opinions and prognostications from manufacturers, retailers and distributors, with a special focus on how to cope with COVID-19. NRF chief economist says strong retail sales growth ‘points to the resiliency of consumers’ Retail sales have largely recovered... Read More
Industry Notes for the week of Oct. 31 News People on the Move 

Industry Notes for the week of Oct. 31

  Retail News 8 legacy retailers that wound up in bankruptcy this year These companies made it through world wars, social upheaval and depressions, but met their undoing in a year defined by a pandemic, according to RetailDive. People on the Move EyeEm founder Florian Meissner leaves the company Floridan Meissner, co-founder of Germany based photo sharing site EyeEm, announced his departure... Read More
Shift to gifts drives Smartphoto profits, via TIJD News 

Shift to gifts drives Smartphoto profits, via TIJD

Belgium’s Smartphoto Group has posted impressive results since shifting to digital printing, to photo gifts and to mobile, according to a recent profile in the TIJD business journal. The Wetteren-based company boosted sales last year more than 10 percent to 51.5 million euros. Among the most popular products, according to the journal, are Christmas ornaments, cards, pillows, bread boxes and... 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