Print giant HP recorded net revenue of $US15.3 billion in the third quarter of fiscal 2021, up 7.0% from the prior-year period. Belgian technology manufacturer Agfa’s EBITDA increased from 15 million Euro in Q1 2021 to 40 million Euro in Q2 2021.
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“Strong and sustained demand for our technology drove another quarter of top and bottom-line growth and we more than doubled non-GAAP EPS year over year,” said Enrique Lores, HP president and CEO. “We are performing while we are transforming our business models and service offerings to accelerate growth opportunities across our portfolio. The evolving hybrid world is driving innovation and market expansion for HP and we are well positioned to capitalize on trends in our markets.”
Printing net revenue was $4.9 billion, up 24% year over year. Total hardware units were down 4% overall, with Consumer units down 8% and Commercial units up 29%. Consumer net revenue was up 15% and Commercial net revenue was up 46%. Supplies net revenue was up 20%.
Personal Systems net revenue was $10.4 billion, flat year over year. Consumer net revenue increased 3% and Commercial net revenue decreased 1%. Total units were flat with Notebooks units up 2% and Desktops units down 7%.
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| "Instant success": Agfa's Jeti Tauro H3300 UHS LED system |
Agfa-Gevaert’s adjusted EBITDA increased from 31 million Euro in Q2 2020 and 15m Euro in Q1 2021 to 40m Euro in Q2 2021. The company's net profit was 15m Euro.
“In the second quarter, all divisions performed markedly better than in the first three months of the year,” said the Mortsel, Belgium-based manufacturer. “Our activities are recovering from the impact of the pandemic and we are pleased to see that some of them have already returned to or exceeded pre-COVID levels. Price increases have been implemented in almost all business areas to tackle the increasing raw material, packaging and freight costs.
“In the field of digital print, the ink product ranges for sign & display applications continued to perform well, returning to or exceeding pre-COVID levels. The large-format printing equipment business continues to recover from the strong COVID-19 impact. The lower-end of the market – which Agfa addresses with its Anapurna range – recovers at a slower pace than the high-end solutions. Agfa’s recently introduced Jeti Tauro H3300 UHS LED system – the fastest Jeti Tauro printing system to date – was met with instant success. Agfa also launched the Avinci CX3200 roll-to-roll dye sublimation printer, which delivers high productivity and a consistently vibrant print quality on a wide range of polyester-based fabrics directly or via transfer paper.
“The sales of inks for industrial applications continued to grow strongly, partly due to the solutions for new digital printing applications, such as laminate floorings and furniture panels and leather decoration. As a key sustainability investment, Agfa recently took into service its new manufacturing plant for water-based inkjet inks. The new facility enables Agfa to be a key supplier of such inks for a wide range of novel applications. For instance, the facility will produce inks for Agfa’s new InterioJet inkjet system for printing on decor paper used for interior decoration, such as laminate floors and furniture.”
