German Reman Toner Manufacturer Again Lowers Expectations

Toner News Mobile Forums Latest Industry News German Reman Toner Manufacturer Again Lowers Expectations

Date: Thursday October 4, 2018 12:35:53 pm
Viewing 1 post (of 1 total)
  • Author

  • news
    German Reman Toner
    Manufacturer Again Lowers Expectations.
    Turbon has revised its revenue expectations for the printing business slightly downwards again this year. For the year as a whole, a reduction is expected due to the conversion.
    (Google Translated)
    Related image
    The supplier of reprocessing laser cartridges Turbon is still under construction. For the current year, the corporation expects consolidated sales of about 75 million euros, the printing business is now estimated at 62 million, instead of the previous to 63 million euros. Reasons include one-time effects (reduction in the number of employees and write-downs on inventories). "The restructuring of the group is not yet completed, but still well advanced," said the Turbon AG in the semi-annual report. The company is currently considering the possibility of a management buy-out for Turbon (Thailand) Co. Ltd. The sale of Turbon International Inc., the American subsidiary, has already been completed. Regardless, customers in the American market will continue to be supplied. In the first half of 2018, sales fell to 40.3 million euros compared to the same period of the previous year, with a loss of 6.5 million euros before interest and taxes. For 2019 expect the return to positive earnings.
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.