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Fuji Xerox New Zealand Announces Record Revenue

Fuji Xerox New Zealand Announces Record Revenue Year

Fuji Xerox New Zealand today announced record revenues for the financial year ending 31 March, 2010 placing the New Zealand operation as a top performer in the Fuji Xerox group and the clear market leader in New Zealand.

The year also resulted in a $23.1 m profit turnaround taking a $15.6m loss the previous year to a $7.5 million profit before tax for the company which has been a result of the tight fiscal control Fuji Xerox has demonstrated.

Fuji Xerox New Zealand Limited revenue grew 6.4% from $174.1m to $185.2m and Fuji Xerox Finance Limited revenue grew 5.2% from $66.9m to $70.4m.

Fuji Xerox New Zealand managing director, Neil Whittaker, says that despite the global recession the company has seen a significant market share increase and growth in both the Office and Production product lines.

“This year has been our best sales year in New Zealand to date and we have been recognised as a top operating company within the Fuji Xerox group for our top line customer revenue growth with a 6.6% increase year on year. This is an incredible achievement and one that can be attributed to the great products we have launched this year and the strong sales force at Fuji Xerox.”

According to Mr Whittaker, two product ranges that have exceeded all company expectations have been the 700 Digital Colour Press (DCP) which has continued their dominance of the production market for Fuji Xerox and the new range of Office multi function devices which have set new standards in environmental performance, using 80% less power than conventional devices . With a focus on high print quality and sustainability, these machines have achieved widespread market adoption.

“We also understand that times have been difficult for everyone and as such, economic viability is important to us. In light of this we made a commitment to support our customers during the global economic crisis. Now, as the economy improves and organisations begin investing in technology again, this commitment has paid off.”

“We’re very proud to have turned last year’s $15.6 million loss into a $7.5 million profit before tax. In addition to the success of our market leading product line, we’ve used existing resources smartly and worked hard on company-wide efficiencies to trim over $2 million off our business costs. This is a huge result for us and we’re confident we can turn this into another record year thanks to our ongoing investment in alternative and locally developed ICT solutions that broaden our portfolio beyond hardware alone.”

ENDS

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