Digital printing equipment manufacturer reports sales and profits growth
July 4, 2011 by Gareth
Domino Printing Sciences, a manufacturing firm, reported a growth in sales and profits for the first half of 2011, showing that confidence is returning to the printing industry.
Domino specialises in manufacturing equipment used in digital printing and its Cambridge-based head office reported a 13% year-on-year growth in pre-tax profit and an 8% increase in sales. This increase in business for Domino reflects an increase in confidence in the print industry in general and could mark the green shoots of recovery after the recession.
As more regional and national print firms throughout the UK see the amount of custom they receive moving in a positive direction, it is a good opportunity to reinvest any profit into the business. This will help to ensure that the equipment being used is fit for purpose and that the customer will see their job carried out efficiently and professionally when it comes to digital printing.
Cambridge-based Domino is also in the consumables market and their chairman, Peter Byrom, feels that this arm of the business has had a significant and positive impact on the fortune of the company. He says:
“Volumes of our newer technology products, Thermal Transfer and Thermal Inkjet, were both significantly ahead of last year.”
Domino has increased the number of people they employ in line with the growth in profits, showing a continued commitment to providing the right level of service and sales support to their customers. Printing firms throughout the UK will hope to see the knock-on effects of increased confidence in the industry.