The OEM has published its consolidated results for Q3 2017.
Epson’s financial results for Q3 of 2017 demonstrate an 8.8 percent rise in revenue from the same period in 2016, when the company’s revenue reached ¥765.8 billion ($7.03 billion /€5.65 billion).
For Q3 2017, Epson’s revenue increased to ¥833.4 billion ($7.65 billion/€6.14 billion).
Epson’s profit for the period in Q3 2016 was ¥47.09 billion ($432 billion/ €347 million) while in Q3 2017, the company’s profit for the period was ¥34.7 billion ($318 billion/€256 billion). This represents a decrease from the same period in 2016 of 26.3 percent.
When it comes to the quarterly revenue comparison of Epson’s Printing Solutions Segment, the OEM witnessed a year-on-year growth of +3.1 in Professional Printing and +16.5 in Printing, the sector which accounts for the greatest amount of quarterly revenue.
Epson’s sales of high-capacity ink tank printers expanded, due to the steady growth of the global market, and ink cartridge printer unit shipments also increased, despite the entry of competitors to the market.
When it comes to the OEM’s high-speed linehead inkjet MFP initiatives, Epson revealed its plans to “continue to strengthen the sales organisation and promotions in every region” and respond to new customer needs.
Epson factored various business environment changes into its calculations, including revising foreign exchange assumptions, taking into account the increasing rise in cost of parts and materials, and the environmental changes which can affect ink cartridge printer and ink sales.
