Domino details digital aspirations

Domino has outlined its hopes for continued growth in full-color digital label press sales after reporting positive financial results in key metrics across the previous 12-month period to October 31.

Domino has outlined its hopes for continued growth in full-color digital label press sales after reporting growth in sales and revenue across the previous 12-month period to October 31

In its preliminary results statement for the year ended October 31, Domino’s revenue was reported at 350.2 million GBP (551.5 million USD), up four percent on the previous financial year. Profit before tax was up 219 percent to 56.5 million GBP (89 million USD).

Domino Printing Sciences chairman Peter Byrom said: ‘The group has made good progress in growing sales, profits and cash during the year while continuing to develop new products and investing in further expanding our digital printing business.’

‘Our latest full-colour digital label press has been well received by customers and we are seeing increasing adoption of digital printing technology among label converters,’ Byrom added. ‘Activity levels among our sales teams, and the increase in sales of N-Series digital label presses this year, give us confidence in the potential for continued growth.’

Domino has an installed base well in excess of 200,000 printers operating worldwide. In 2014, its revenue split by location of customer was 23 percent in the Americas, 43 percent in Europe and 34 percent in Asia/rest of world. 

Speaking on the company’s regional performance in the most recent financial year, Byrom said: ‘Our business in Europe reported double-digit sales growth in local terms, benefiting from more buoyant markets in the early part of the year. We also reported good growth in the Americas and Asia. 

‘Market conditions have been changeable with a more cautious attitude returning among customers in many markets over the second half of our year.’

‘The group has had a good year and delivered results in line with our expectations,’ Byrom continued. ‘We continue to invest in research and development and in growing the capability and capacity of our digital printing business. 

‘However, we remain cautious about 2015.  As announced in our interim statement, the investments we are making, coupled with uncertain market conditions, mean we expect results in 2015 to be at a broadly similar level to this year.’

He concluded: ‘Our strong products and our investments in developing our capabilities mean we remain optimistic about the group’s longer term prospects.’