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Ovato recorded a net loss of $9.7 million for the six months to 31 December 2020, with sales falling by 28.2% to $236.2M compared to the corresponding six month period, which was prior to the impact of the COVID-19 pandemic. "Heatset catalogue printing and residential distribution volumes are not returning as quickly as expected due to the lingering impacts of COVID-19."
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Print and marketing group IVE reported $23 million in net profit for the first half, up from $17.7m pcp despite a 3% fall in revenue to $340.8m. “We estimate a revenue reduction to pcp of circa $50m as a result of the impacts of COVID-19, particularly in the retail catalogue and travel sectors."
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HP reported strong revenue and profit growth in the first quarter, with net revenue up 7% to $US15.6bn from the prior-year period, driven by demand for notebook computers and consumer printers. “Our Printing business generated revenue of $5 billion and operating profit of $1 billion.” Commercial printer sales remained flat.
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The FESPA Australia board has awarded its highest honour - the association's life membership - to past-president Clem Johnson, who began his career in the late ’70s with C&S Designs in Brisbane.
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Canon Australia unleashes eight new large format print models with the introduction of the new imagePROGRAF TZ-30000 Series, and a refreshed imagePROGRAF TX Series for the CAD/GIS/AEC & Poster sectors.
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SA International (SAi), a leading provider of software solutions for professional signmaking, wide-format digital printing and CAD/CAM machining industries, has announced the availability of certified drivers for the new HP Latex 700 and 800 Latex Printers.
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One of Australia’s most experienced colour management and wide-format technical sales specialists, Peter Way, has joined the growing industry supplier Total Image Supplies, who are Melbourne-based but do business all over Australia.
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The Australian Sign & Graphics Association (ASGA) has outlined how a Victorian prohibition on high-risk cladding products that came into effect this month will impact the signage industry in the state.
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Soon after securing a contract to handle all signage for the Penrith Panthers NRL club in 2021, western Sydney sign business Montana Signs has invested in a new Roland VG2-640 with TR2 inks - including green, one of the team's colours.
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An Australian Sign & Graphics Association webinar next month [March 11, 11:30am AEDT] on Employment Law will include a look at how the end of Jobkeeper on March 31 could impact staff levels in the industry.
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3M will invest about $1 billion over the next 20 years to accelerate the company’s new environmental goals, which include carbon neutrality by 2050 and reducing water use by 25% at its facilities.
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Printing ink manufacturer Siegwerk says “already in 2021 we are seeing a combination of several factors which are interlinked with the COVID-19 crisis which has severely impacted the overall raw material supply chain.”
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The global inkjet printing market was valued at $US40.79bn in 2020 and is expected to reach $US49.20bn [$A63.47bn], growing at an annual rate of 3.11% over the period 2021 – 2026, according to new research.
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March 19th is the day Jet Technologies and Screen will host a 'Digital Innovations' Open House at Jet's Roseberry, Sydney HQ, presenting Screen's latest Truepress Jet L350UV SAI digital label press and other solutions. It's a fully-specc'd working press with CMYK+W and the extra blue and orange inks. Registration for the event is open now.
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Outdoor advertiser oOh!media says unprecedented restrictions caused by Covid-19 led to a 34% decline in its revenue to $426.5m for 2020, with an underlying loss of $8m compared to a profit of $52.4m in 2019, and a Net Loss after Tax of $35.7m. "The company experienced a strong recovery in revenue across key formats in the final quarter of 2020 which has continued into 2021.”
- Outdoor audiences back to highest levels since March
- Phil Rennell leaves Currie Group in company restructure
- Spicers and 3M host online presentation of 7300 Series
- Summa eyes Asia Pacific market with demo room in Singapore
- Australian-born Marie Myers named chief financial officer at HP
- 25 years since the greatest PacPrint of all - roll on September
- Ace job: Vivad covers empty seats at the Australian Open
- EFI launches its fastest single-pass printer for display graphics
- Durst develops AI predictive maintenance for printers
- Kornit Digital posts record results for 4th quarter 2020
- DTG in motion - new video from Ricoh on Ri2000
- Winners announced in ASGA & FESPA HP 2020 Awards
- PVCA and Visual Connections upgrade partnership on shows, events
- HP targets climate change in ambitious global program
- All you need to know about the new HP Latex 700 & 800 printers in free webinar
