SA has experienced an impressive shift towards multifunctional printers (MFPs) over the past nine months, says Lexmark International SA MD Hans Horn.
He adds that with the recent performance in mind, the fourth quarter is showing potential to continue the trend and show impressive growth.
His comments come in the wake of yesterday`s news of Lexmark International`s 31% growth in third quarter operating income.
Although he could not give any specific figures, he says the MFP units shipped will rise significantly next year.
"I expect the MFP market to grow even stronger than the printer market from next year," says Horn.
International results
Lexmark International`s third quarter revenue was $1.266 billion, a 9% increase compared to $1.157 billion last year.
Diluted net earnings per share for the quarter were $1.17 and include a non-recurring benefit of 15c per share from the resolution of income tax matters. Without this tax benefit, earnings per share would have been $1.02, an increase of 29% compared to a year ago.
Revenue for the nine months ended 30 September 2004 was $3.770 billion, an increase of 11% versus $3.385 billion in the same period of 2003. The gross profit margin was 34.4%, up 1.7 points from the prior year.
Operating income was $535 million versus $406 million a year earlier, an increase of 32%.
Share
