Amidst supply chain issues and other challenges, sales at Konica Minolta’s Professional Print Business operation were up nearly 30% at half-year end.
- Print volumes at commercial printing companies “on a recovery trend”
Konica Minolta said that sales volume of hardware grew significantly for both colour and monochrome models largely because print volumes among commercial printing companies are on a recovery trend though. Therefore, for the six months ended 30 September sales at the division rose by 28.2% to ¥119.8bn and the unit filed a big increase in operating profits, which jumped from ¥1.4bn to ¥5bn. “In addition, the sales for dealers were increased due to the recovery in the supply of toners in Europe, resulting in the growth in non-hardware revenue,” Konica Minolta stated.
At Konica Minolta’s industrial unit, which includes inkjet, the manufacturer said that sales of inkjet presses grew in Europe and Japan, and non-hardware revenue “surged in all areas of inkjet press”, including labels, embellishment and textiles. Orders were up nearly 150% on the levels achieved in full year 2019.
Total sales including its Digital Workplace and Healthcare businesses were up 19% at ¥530.7bn, but the overall operating loss was ¥5.1bn due to losses incurred at Digital Workplace, Healthcare and at the corporate level.
