Domino Printing Sciences Plc. (DNO.L) Friday said sales in the ten months to the end of August were 1 per cent up from last year at constant exchange rates and that it expects full year sales to be similar to last year.
Equipment revenues are 2 per cent below prior year, while average selling prices are broadly stable. Fluids and other consumable revenues rose 5 per cent from the prior year.
Spares and services revenues are marginally ahead of the previous year, after adjusting for the disposal of the non-coding element of the solid state laser business of Photon Energy last year.
Further, the firm said market conditions remain fragile and customers' confidence to make investment decisions is low. The company continues to see deferral in equipment replacement in some more mature markets and reduced levels of investment in expanding capacity in developing markets.
Confidence levels among manufacturers in China continue to fall with expansion plans put on hold in many customers. The businesses in India and North America continue to have good growth.
The firm remains cautious about market conditions and continues to expect sales in the full year to be at similar levels to last year.
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by RTT Staff Writer
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