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German office products dealer group Büroring and retail services organisation EK are planning to establish a formal alliance. In a statement, Büroring pointed to the successful cooperation between itself and EK/servicegroup since 2014, notably in the area of central billing. Now, against a backdrop of continuing consolidation in the office supplies market, the two entities
Healthy top-line growth could not prevent Canon’s Printing business from reporting a mid-single-digit decline in operating profit in 2022. The OEM’s Printing unit achieved 2022 revenue of around ¥2,300 billion ($18 billion), almost 17% higher than in 2021. The depreciation of the yen (which fell by about 10% against the US dollar during the year)
Robert Keane is to step down from his role of CEO at online printing business Vista (previously Vistaprint). Four years after returning to the CEO role to lead a turnaround of the business, company founder Keane has announced that former Amazon and McKinsey exec Florian Baumgartner will become Vista CEO on 1 February. Baumgartner has
Xerox reported improving sales and profit numbers in the fourth quarter of 2022. Q4 2022 revenue of $1.94 billion represented an organic year-on-year increase of almost 14% in constant currencies, while adjusted operating margin climbed by 440 basis points to 9.2%. CEO Steve Bandrowczak said the increases were due to “resilient” demand and improvements in
The ODP Corporation (ODP) has issued a press release about a contract award for the state of California. ODP’s Business Solutions division (BSD) was awarded a place on a California mandatory statewide contract for PC goods to supply Lenovo technology – including desktops, thin desktops, laptops, Chromebooks, monitors and accessories. BSD will also work with