UTAX records six years of constant growth - PC Retail

UTAX records six years of constant growth

The printer company has seen a 10.2 per cent increase in year-on-year turnover
Author:
Publish date:
1-utax.jpg

UTAX has revealed that it has achieved six consecutive years of growing its turnover by double digits. 

The print vendor has seen an increase in turnover of 10.2 per cent for its financial year 2015 to 2016.

Part of UTAX's success can be accounted to managing director Shaun Wilkinson and financial controller Kevin Good, who joined the company 10 years ago. They have focused on reinvestment and dealer growth which has helped bring about the increase in turnover. 

Wilkinson believes that UTAX’s sales underline his belief that UTAX is steadily increasing market share in every sector.

"We believe through our own internal market analysis that the cross market sales of Mono A3 MFPs have effectively shrunk by almost 30 per cent over the last three years," he said.

"However, UTAX (UK) sales in this sector are up by 35 per cent which suggests an awareness of the reliability and speed of our models. It’s a similar story in the Mono A4 MFP market where, according to our internal data, we are confident that we have out-performed the overall market growth of some 20 per cent with our improved sales performance of just over 30 per cent."

He added: “In line with the market, our Colour MFPs are continuing to take a strong foothold in both the A4 and A3 sector and every year we are seeing a significant increase in our market share. According to our own data, the overall A3 market has increased by just over 30 per cent but our own overall sales have improved by nearly 200 per cent over the same period.”

Related