Highlights •Revenues increased by $280.2 million, or 58.7%, from $477.7 million to $757.9 million, mainly as a result of the transformational acquisition of Coveris Americas completed on May 1, 2018. This increase was slightly mitigated by the sale of our local and regional newspaper media assets in Québec and the sale of the printing activities of our Fremont, California, plant. •Operating earnings decreased by $28.6 million, or 41.9%, from $68.2 million to $39.6 million. Adjusted operating earnings, which exclude restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, increased by $10.5 million, or 14.2%, from $74.2 million to $84.7 million. Click Read More below for additional information.
HP Inc. today announced that Quantum Group replaced its digital printing portfolio with a fleet of HP Indigo digital presses, including two HP Indigo 10000 Digital Presses and three HP Indigo 7800 Digital Presses, to accelerate turnaround times, increase quality and productivity, and provide customers with enhanced application options.
“HP Indigo digital printing technology has enabled us to dramatically increase uptime, go to production faster and work in lockstep with our customers, providing them higher print quality, improved growth rates and larger return on investment,” said Bill White, CEO, Quantum Group.
Within a month of operation, the two HP Indigo 7800 Digital Presses generated more than two million impressions each. Delighted with the new presses’ quality and productivity, Quantum Group invested in a third HP Indigo 7800 Digital Press and a second HP Indigo 10000 Digital Press.
“Quantum Group’s experience is a testament to the strength of the HP Indigo portfolio, a clear demonstration of how customers are using our industry-leading technology to reinvent and grow their businesses with HP. Together, we are driving the industry forward,” said Alon Bar-Shany, general manager, HP Indigo.
With the B2-format HP Indigo 10000 Digital Presses and HP Indigo 7800 Digital Presses, Quantum Group can offer its wide range of integrated solutions, including sheetfed print, bindery and finishing, inventory and fulfilment as well as proprietary online print management programs, with a higher level of client service and faster delivery than previously possible.
Offering print speeds up to 4,600 color sheets per hour in Enhanced Productivity Mode, the HP Indigo 10000 Digital Presses deliver at least two and a half times the productivity of any digital sheetfed press in the market today, while supporting virtually any commercial print application.(1)
With the HP Indigo 7800 Digital Presses, Quantum Group provides its customers greater impact with high-value applications that feature raised print and textured effects as well as accurate and consistent color within a job and between presses.