Domino reports promising interim results

Peter Byrom, Chairman at Domino

UK • Leading manufacturer of coding, marking and digital print technology, The Domino Group, reports mid term figures that indicate a continued growth in business, according to Chairman, Peter Byrom, with double digit figures in Europe and Asia and a creditable 9% in the USA.  The encouraging results are a reflection of the growing confidence in market stability, combined with the rolling launch of Domino’s range of new products that have enjoyed high market acceptance.  Underlying pre-tax profit rose by 10%, which combined with strong cashflow, allowed the company to declare a 5% increase in dividend.

Star performer among the new equipment is the N610i digital label press, which enjoyed eight customer installations in the half-year since its launch, with more sales in the pipeline.  The press is part of raft of products exhibited at the recent Interpack trade fair in Düsseldorf, and the result of an investment programme in R&D that has cost close to GBP 9m.  Seen as a cornerstone to maintaining growth, Domino says it is determined to keep investing to stay ahead.

While the global market remains somewhat volatile and difficult to predict, Domino is confident of growth in the short term, with the possible proviso that price-cutting, especially in Asia, may flat line the company’s sales figures in 2015, as the market begins to rationalise.  Long term, according to Byrom, the prospects for Domino are very good indeed!

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Nick Coombes

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