3rd Quarter Sales of $455.1 million, up 1.6% from 2009; 3rd Quarter Non-GAAP Operating Income of $39.5 million; 3rd Quarter Adjusted EBITDA of $56.6 million
Seiko Epson Corporation (“Epson”, TSE: 6724) has been selected for the third time as a component company of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific), both leading indicators for socially responsible investment (SRI).
Recovery of the Material Handling Equipment Market Remains Dynamic / Incoming Orders and Production Output Post Strong Growth / Sales and Earnings Trend Benefit from Increased Plant Capacity Utilization
Acquisition of 52.1 percent interest in leading automotive classified ads portal Carwale and 19.1 percent interest in lifestyle marketplace Bag It Today / Intensification of partnership with India Today Group
A 250+ page study, published by PRIMIR entitled “Benchmarking and Worldwide Market Trends for Flexographic Printing” is now available. The research was conducted by LPC Inc. for PRIMIR. Published in May 2010, the study provides a comprehensive assessment of the global flexographic industry while answering how this analog print process fits into a world that is increasingly going digital, and which world regions are likely to provide opportunities for future growth. The study investigates flexo in packaging as well as non-packaging applications.
Third quarter 2010 highlights compared to third quarter 2009:
revenue in Q3 up by 13.3% / EBIT margin stabile at 4.2% / moderate growth expected to continue
