Kodak Sonora plate volumes up 84% in Q2

By 06 Sep 2021

Kodak has reported an improved performance in all businesses in its Q2 results. Sales were up by USD 78-mn the three months to 30 June 2021, to USD 291-mn. The prior year performance had been badly impacted as the Covid-19 pandemic took a grip on worldwide print markets.

Kodak: focus on “growth engines" including Sonora

Traditional printing sales in Q2 2021 rose 42% to USD 169-mn with operational EBITDA of USD 6-m compared to just USD 1-mn in 2020. Digital printing revenues were up 19% at USD 62-mn and the unit broke even compared with the prior year’s USD 3-mn loss.

Advanced materials and chemicals sales were up USD 16-mn to USD 54-mn and the division was back in the black with USD 1-mn in operational EBITDA (2020 loss: USD 7-mn).

Kodak executive chairman and chief executive Jim Continenza said the results reflected changes made at the business in the last two years, including concentrating on its core competencies, a “customer-first One Kodak model”, fixing the balance sheet and raising capital for future investment. “The result is improved performance in all our businesses and a solid foundation,” he stated. “Despite the challenges and uncertainties related to supply chain, commodities and labour costs created by the pandemic, we plan to continue to focus on our strengths as an industrial manufacturer.”

Volumes of Kodak Sonora process-free plates jumped by 84%, while annuities for Kodak Prosper inkjet systems rose by 50%.

Kodak said it continued to invest in its Ultrastream next-generation inkjet technology, and in advanced materials.

(Courtesy: PrintWeek.com)

Tags: Kodak Sonora

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