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Brother hardware sales increase

Brother hardware sales increase

The company published its financial results for FY2022, recording increased revenues. Brother reported sales revenue of ¥815.3 billion ($6.04 billion/ €5.5 billion), an increase of 14.7% year-on-year. Brother said it saw an increase of hardware sales in the P&S...
Ricoh’s profit skyrocket

Ricoh’s profit skyrocket

The company has released its full year 2022 results, recording an operating profit increase of 97%. Ricoh’s full year sales were ¥2,134.1 billion ($15.82 billion/ €14.41 billion, a year-on-year increase of 21.4%. Ricoh said that revenues and earnings rose in all...
Canon achieves double-digit growth

Canon achieves double-digit growth

The company has released its first quarter 2023 financial results, recording double-digit sales and profit growth. Canon’s net sales for the reporting period increased 10.4% to ¥971.1 billion ($7.3 billion/ €6.6 billion) year-on-year. Operating profit increased 10.9%...
Canon achieves double-digit growth

Xerox releases first quarter results

The company published its financial results for the first quarter, recording increased revenue by 2.8% year-on-year. Xerox said in its announcement that balanced execution drove growth in revenue and profits for the first quarter. Total revenue was $1.72 billion, up...
Is the EU shooting remanufacturing in the foot?

Is the EU shooting remanufacturing in the foot?

A new EU regulation enables OEMs to block companies buying their products. The EU Regulation 2022/720 of the 10th. May 2022 on the application of Article 101(3) of the Treaty on the Functioning of the European Union to groups of vertical agreements and concerted...