EU Toner Manufacturer Turbon, FY Sales Fall In Tough Toner Market.

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EU Toner Manufacturer Turbon, FY Sales Fall In Tough Toner Market.

 news 2017-05-16 at 12:37:57 pm Views: 341
  • #48715

    Turbon FY Sales Fall In Tough Toner Market.
    Difficult market conditions weighed down 2016 sales for aftermarket imaging supplies manufacturer Turbon.

    Image result for turbon group uk

    Hattingen, Germany, For the full year, the Germany-based group reported sales of €96.6 million ($105 million) compared to €107.2 million in FY2015. Pre-tax profit was down 26% on the previous year to €6.5 million.

    Sales growth in Europe (up 5.8% to €60.4 million) was more than offset by a sharp decline in the Americas, where sales of $33.5 million were around €13.9 million lower compared to the previous year.

    Around 90% of its revenues come from laser cartridges, which has experienced a steep fall in the past year, mostly due to a poor US sales performance, a stagnant market and rising costs.

    Although it expects the tough market conditions to continue, the group said it forecasts FY2017 sales to reach €115-€120 million following planned cost reductions.
    Image result for turbon germany