Domino has released 2013 results from the preliminary statement for the year ended 31 October 2013.
In 2013, Domino’s revenue split by location of customer was 25% in the Americas, 41% in Europe and 34% in Asia/Rest of World.
The company has an installed base of more than 200,000 printers operating worldwide, supplying printers of labels, mail and other web-based materials to meet short run and variable printing needs.
Food, beverage, pharmaceutical and commercial printing are the largest segments for Domino, representing approximately 67% of total sales.
The company designs, manufactures and sells printing equipment and associated consumables and support services that encompass ink jet, thermal and laser technologies.
“I am pleased to report further progress of the group during 2013. Sales have increased by 8% to £335.7 million, underlying pre-tax profits were £53.0 million and net cash inflow from operating activities before tax was £54.9 million,” said Peter Byrom, chairman.
“We have continued to invest in people, in particular expanding our capabilities in the digital printing business, and in our product range.”
“Research and development expenditure was increased to £19.5 million and we successfully introduced a number of new products including the N-Series digital label press,” he said.
“Our recent order intake provides tentative signs that market conditions are improving. While we remain cautious about the prospects for a full recovery to historical levels of global gross domestic product growth, we are optimistic that our investments in new products and capabilities coupled with emerging market opportunities will fuel stronger organic sales growth in 2014.”
“For the year to 31 October 2013 the business grew by 8%. We experienced difficult economic conditions in our core sectors across Europe for most of the year, although as we closed the year short-term order intake was beginning to show more encouraging signs,” said group MD Nigel Bond.
“In Asia, it was pleasing to see improving economic data emerging from China where our sales increased by 11% over the year as a whole. Our recent trend of improving results in the US continued with another year of double digit growth.”
