Office equipment and camera company Ricoh has forecast a big increase in profit and the New Zealand arm of the company says the business is strong in this country as well.The company has announced a 44% upgrade of its forecast operating profit for the 200
Office equipment and camera company Ricoh has forecast a big increase in profit and the New Zealand arm of the company says the business is strong in this country as well.
The company has announced a 44% upgrade of its forecast operating profit for the 2009/10 year.
The Tokyo Stock Exchange announcement of a likely 65 billion yen ($NZ995 million) operating profit is a positive signal from Ricoh before it reports its annual result on April 27.
Ricoh New Zealand managing director Michael Pollok said Ricoh’s global outlook is mirrored in New Zealand with better than expected business despite the recession.
“In New Zealand we have seen solid demand for our copiers, printers, and software solutions, throughout what has been a challenging economic period.”
He said Ricoh’s 245 New Zealand employees feel “empowered” working for a company that is performing well in challenging economic times.
“We’ve consulted our people about how we can improve our own efficiencies and drive the profitability of our business.
“Ideas such as ensuring toner cartridges are totally empty before removal from machines have been implemented, greatly reducing operational costs.”
Mr Pollok said Ricoh attracted customers because it focused on their bottom-line benefits.
“Our machines’ smart features and our software solutions streamline document workflows, reduce paper and power consumption, improve efficiency and reduce costs for our customers.”
