News
Printing.com shows strong growth in first-half results
Printing.com has posted results in line with expectations off the back of strong trading in the UK market and continued growth overseas.
In its half-year results, announced today (12 November), the franchising powerhouse added £1.54m in total retail sales, up 14.6% year-on-year to £12.1m.
The firm showed strong growth in earning before interest, taxation, deductions and amortisation (EBITDA) to £1.6m, an increase of 22.3% on the equivalent period last year.
Finance director Alan Roberts said the results "predominantly show the strength of the UK operation" but added that the overseas expansion continued to show promise.
He said that its first international master licencee in New Zealand was "going well" and providing a "reasonable income stream", while new Icelandic partner, £70m (€100m) turnover KVOS, was now trading.
Roberts added that the firm had begun shipping to France via its Manchester hub, with "long-term" plans to sell a master licence in France.
Printing.com: overseas expansion
Comments
Simon Biltcliffe- Webmart - 12 November 2007
Sheetfed to France and make money on it?!?! It must be a first (or blag).Interesting business model that is one of the "cost out" ways to the future by disaggregating the service channel ( the host shop) from the production base ( them). I wonder however why the service channel need to spend the franchise money to get this service... there are SRA1 sheetfed printers around every corner who would get into a trading alliance with them to offer that pricing advantage.
The aggregation benefit ( "ganging jobs up" to you & me) works really well at a small standardised product range (business cards etc- just look at Vista Print... they give them away!) but less as you move up the value chain.
They were great at coming to the UK market with the unbundling/bundling solution but how long before others will offer the same without the need to re-brand or pay a "licence fee" to trade with them?
Watch that space!
Simon Biltcliffe
MD
www.FreePrintManagement.com
the no-cost print management solution
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