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 user 2008-05-07 at 2:32:32 pm Views: 43
  • #19549

    Record profits for Brother UK
    PRINTERS to sewing machines supplier Brother UK today unveiled record annual profits despite a modest rise in sales, as it focused on dearer goods and benefited from the pound’s strength for most of the year.Brother UK, which has its headquarters in Audenshaw, Tameside, said profits leapt almost 60 per cent during the year to March 31, from £5.9m to £9.33m, even though revenues increased by just under £1m to £101.46m as fierce competition forced down average selling prices.The company, which is celebrating 40 years in Greater Manchester, said its performance was boosted by the launch of high-value colour laser printers last August.

    Brother UK has so far sold 8,000 of the all-in-one printing, scanning, copying and faxing machines.A resurgence in demand for sewing machines helped Brother to notch 70,000 sales, while it sold 115,000 handheld electronic labelling devices, used by tradesmen and in warehouses and offices for racking and filing systems.The company supplied 200,000 inkjet all-in-one machines and 140,000 mono laser printers, representing a 10 per cent increase for both ranges.Phil Jones, Brother UK’s sales and marketing director, said he was pleased with the company’s performance amid increasingly competitive trading conditions.”I’ve seen examples where you can buy multi-function printers from £29, so our focus has been on higher-value products.”We have also benefited from the strength of sterling against the euro until recently and from a strong after-sales market for our toners, cartridges and other items.”In addition, our drive to become more energy-efficient has helped us reduce our consumption by 27 per cent, which has also benefited our results.”We are in very good shape and are positive about the outlook for the business.”We have some great technology which can help SMEs become more efficient.”

    Brother UK, which is owned by Japan’s Brother Industries, is targeting sales of £113m this year and profits growth of around four per cent.Its core customers are businesses with fewer than 49 employees.The company shed around 20 jobs during the year when it transferred its warehouse operation to Leicester and outsourced the service to DHL.The company now has around 200 staff, responsible for sales, marketing and customer support.In February, it appointed Hiroshi Miura as managing director to succeed John Sasaki.