The company also reports that revenue for its digital commercial printing businesses grew by 13 per cent in the third quarter, including 23 per cent growth in commercial inkjet printing. Consumer inkjet printer and ink revenue grew by 26 per cent in the third quarter. Profits from the company’s digital portfolio showed year-over-year improvement for the fourth consecutive quarter.
Antonio Perez, CEO of Kodak says the third-quarter performance was marked by continued acceleration in the company’s strategic digital growth businesses, positive cash generation, improved profit margins, and continued operational improvements across the company.
He says, “I am particularly pleased with the performance of our core growth businesses – consumer inkjet, commercial inkjet, packaging solutions, and workflow software and services. Revenue growth in these businesses continues to accelerate and in the third-quarter grew by a combined 23 per cent.
“We also enjoyed growth in equipment unit placements, which will drive future consumable sales. All of these factors give me increased confidence that we are on track for a strong fourth-quarter performance, and continued improvement as we move forward.”
Meanwhile, the company’s Graphic Communications Group third-quarter 2010 sales have slipped 2.5 per cent from $674m the prior year quarter. The company says the decrease reflects negative foreign exchange impacts of more than two percentage points.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter