Spotty performance at Domino Printing – MoneyWeek

Equipmentrevenueswere2%downyear-on-yearwithaveragesellingpricesbroadlystable。

Fluidsandotherconsumablerevenueswere5%aheadoftheprioryear,inlinewithyear-on-yeargrowthofDominosinstalledbaseofprinters。

Sparesandservicesrevenuesweremarginallyaheadoftheprioryearafteradjustingforthedisposalofthenon-codingelementofthesolidstatelaserbusinessofPhotonEnergymadelastyear。

Theaboveperformancehasbeenachievedinanenvironmentwherecustomersinsomematuremarketshavebeenputtingoffdecisionsonupgradingequipment,whileevenindevelopingmarketstheappetiteforinvestinginnewkitisnotassharpasithasbeen。

ConfidencelevelsamongmanufacturersinChinacontinuetofallandexpansionplansinmanycustomershavebeenputonhold。

OurbusinessesinIndiaandNorthAmericacontinuetoreportgoodgrowth,thecompanyreported。

NetcashattheendofAugust2012was£2m。

NetcashandcashequivalentsattheendofAprilstoodat£19。

6m;thegroupnotedthat£17。

8mhasbeenspentontheacquisitionsofGraph-TechandPostJetsincetheendofApril。

Lookingfurtherahead,weseegoodopportunitiesforgrowthofthebusinessinthemediumterm,assistedbylegislationandourstrategicinitiatives,andwillcontinuetoinvestsoastopositionthegrouptoaddressthem,thecompanysaid。

JH

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