Kodak printing revenues up, as film declines

The company’s Graphic Communications Group recorded sales of US$656m for the quarter, which represented a marginal dip from US$670m in the same quarter last year. Earnings for the division were up $28m from last year to sit at ‘break-even’ levels.

“This earnings improvement was primarily driven by lower raw material costs, increased volumes of digital plates, and improved operational performance, particularly within Digital Printing and Prepress Solutions,” the company said.

Most notably, the company reported a 9% rise in revenues for its digital commercial printing division, including an 18% rise in its commercial inkjet printing operations.

Second quarter sales for the company totalled US$1.57bn, an 11% drop from US$1.77bn in the corresponding quarter last year.

The company recorded an overall second-quarter loss from continuing operations of US$167m, which was an improvement on the loss of US$191m it posted in the same quarter last year.

The company said the results reflected “continued acceleration of the company’s major growth businesses in commercial and consumer inkjet” and the “continued decline” of its traditional film business.

Kodak chief executive Antonio Perez (pictured) said: “We continue to gain share in our growth businesses, maintain cost discipline, and drive improved profitability. Our new digital businesses, particularly consumer and commercial inkjet, continue to gain traction, with sales growth outpacing the competition.”

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