RECORD PROFITS FOR BROTHER UK

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RECORD PROFITS FOR BROTHER UK

 user 2008-05-07 at 2:33:46 pm Views: 49
  • #19419

    http://www.manchestereveningnews.co.uk/news/business/s/1048488_record_profits_for_brother_uk
    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.