21 August 2024
Cimpress Sees Enormous Opportunities
— 
Vistaprint's plant Windsor Ontario and their largest in North America
Vistaprint's plant Windsor Ontario and their largest in North America
Cimpress (parent of VistaPrint) has had record results, with founder Robert Keane still seeing “enormous” opportunities for growth in the fragmented print market. Cimpress/Vistaprint sales rose by 7% to $3.29bn, while operating profit jumped from $57.3m to $247.3m, giving an operating margin of 8%.In his annual letter to shareholders, Keane said that a new generation of printing equipment, from many suppliers, was “rapidly improving press and post-press technology” in terms of cost, capacity and quality.
Says more than 60% of $100billion-plus market still served by traditional printers
Says more than 60% of $100billion-plus market still served by traditional printers
Regarding his ambitions for the group, he said: “Continuing to extend our scale-based advantages is important to Cimpress' future because we are leading a multi-decade market shift of print and print-related markets from traditional business models to mass customization. “We are disrupting a highly fragmented landscape of thousands of smaller traditional competitors who still account for the majority of the market value, which means that our opportunity remains enormous. Cimpress has 20 production facilities of its own around the world, and works closely with “hundreds” of third-party print fulfilment partners. VistaPrint is Canada's second largest printers behind Transcontinental. 
 
Comments:
NEW ON THE JOB BOARD | RSS
Total Job Board Listings: 1
New This Week: 0
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 18
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says:
Is this good or bad for all NON-Epson printers?...
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