Despite making progress in the reorientation of the business as reported by opi.net in December, Turbon claims difficult market conditions continue to weigh down sales.
The German based aftermarket imaging supplies manufacturer has now reported sales of €96.6 million ($105 million) in 2016, compared to €107.2 million in FY2015. See opi.net for their report.
Sales growth in Europe was up 5.8% to €60.4 million (US$64.73 million). However this was offset by a sharp decline in the Americas, where sales of US$33.5 million were lower compared to the previous year.
According to opi.net “around 90% of Turbon’s revenue comes from laser cartridges, which has experienced a steep fall in the past year, mostly due to a poor US sales performance, a stagnant market and rising costs.”
Although it expects the tough market conditions to continue, the group said it forecasts FY2017 sales to reach €115-€120 (US$125-130) million following planned cost reductions.