19 June 2019
Transcontinental Revenue Up Profits Down
MONTREAL—
Closing of Brampton Plant reflects commercial printing volumes
Closing of Brampton Plant reflects commercial printing volumes
 Transcontinental revenues increased  from $534.7 million to $767.4 million,  as a result of the acquisition of Coveris Americas, which contributed $318.4 million to revenues. This increase was mitigated by  the unfavourable effect of the sale of the California newspaper printing operations and the disposal of local and regional newspapers in Québec.
Operating earnings decreased by  56.5%, from $99.0 million to $43.1 million.
More a packaging company than a commercial printer
More a packaging company than a commercial printer
Transcontinental stated about their printing Sector, "we expect that the current trends with respect to our service offering to Canadian retailers will continue. However, our in-store marketing products and book printing offerings should continue to grow. In all the other printing verticals, we expect that our revenues will be affected by the same trends observed in recent quarters, with the exception of our newspaper printing offering with the end of revenues related to the printing contract with Hearst. 
Comments:
NEW ON THE JOB BOARD | RSS
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company for sale
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Joe says:
Too bad he stiffed lots of suppliers when he bankrupted Harmony. Ruined his reputation......
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print