Colourgen announces positive financial year
Colourgen, one of the UK’s leading suppliers of printing materials, has announced positive, profitable results for its financial, with revenues increasing overall by 20 per cent, with all the brands it represents benefiting from the growth.
Jeff Biggs, managing director of Colourgen, commented: “Our results last year were very pleasing during what was for many a difficult trading year. We have adapted ourselves well to the market and we are using our resources efficiently and productively to ensure we maintain the high levels of customer service, satisfaction and loyalty that has always been our trademark.”
Highlights from Colourgen’s 2014/15 fiscal year, which ended in June, include a growth in its Epson business which saw nearly a 50 per cent increase in printer sales.
“The growth in Epson business is particularly good news for us and is a result of the quality of our technical and logistics capabilities. We will continue to invest in this area to ensure further growth in Epson business,” added Biggs.
Mutoh sales remained steady with a slight increase in the number of printers sold compared to the previous year.
However, laminator sales have shown the most dramatic rise, with Colourgen increasing sales of Kala and Seal products by 124 per cent. Biggs said: “We believe this growth in laminator sales is a result of post-recession purchases with very outdated equipment finally being replaced. There is also a lot of confidence within the market for both the Kala and Seal brands.”
Specialist products like the Windo Display range from FloorWindo also showed growth, up 31 per cent on last year. Overall, consumables business grew by 15 per cent.
Biggs concluded: “Our results reflect the fact that we are now seeing more movement as the market recovers, which is demonstrated in increased capital investments. The market remains difficult though and we will continue to add value, especially in logistics and technical. We are also focused on finding new opportunities and products to address emerging markets.”
Colourgen is one of the UK’s leading specialist distributors of large format digital colour printing solutions, consumables, bespoke software, engineering and support services. The company specialises in delivering total solutions based on the industry’s most reliable products together with consultancy, installation, technical support, maintenance and training services.