German offset press manufacturer manroland recorded ‘clear gains’ in orders for its 2010 financial year. Incoming orders rose by 15% from the previous year, for a total of €976 million. However, sales decreased to €942 million (€1.112 million in the previous year), which is attributed to the low number of orders in 2009.
The company says signs of a recovery were apparent by the fourth quarter and an operational turnaround could already be achieved within this period. A return to operational profitability is expected for the 2011 fiscal year.
The continued increase in demand in the growth regions of China, India, and Latin America, as well as successful appearances at industry trade fairs such as the IPEX and Expoprint are cited as major factors driving the positive order situation.
External weblinksConverting Today is not responsible for the content of external internet sites.Manroland
