Ecce Terram reports high holiday sales

ecce terram

ecce terram

“After literally tens of thousands of orders we have looked at some interesting statistics,” says CEO Frank Simon.  “Ecce Terram is celebrating a record number of orders going through our SaaS Photo2lab Services.”

Mobile remains around 9 percent, with a big 2>1 lead by iOS over Android.

For orders from desktop clients, Mac OS X came up to 17 percent of all orders, compared to 15% as the annual average. 82 percent of orders were received from Windows clients. “We are also happy to note that our SaaS Key Accounts received a 6 percent increase in orders compared to past years,” Simon adds.

Ecce Terram provides software and workflow solutions for photo product design and output.

Olympus returning to Profitability?

olympus stylus1 hand

olympus stylus1 hand

Will Olympus start making a profit on its camera sales again? Yes, the company forecasts, thanks primarily to mirrorless interchangeable lens models.

Bloomberg reports the company claiming annual sales of mirrorless models will rise to 1 million units, reaching 5 percent share of the global market — and about $68 million in operating profit.

Olympus has posted losses in two consecutive quarters. “With the camera industry’s revenue falling to the lowest level in a decade, amid surging smartphone sales, Nikon has cut prices to lure consumers,” Bloomberg adds. “The single-lens reflex camera market was 20 million units globally last year, according to data by Camera & Imaging Products Association. Olympus’s camera unit accounted for about 14 percent of the company’s total revenue last year and reported an operating loss of 2.7 billion yen in the six months ended Sept. 30.”

 

Canon cuts SLR camera sales forecast

Canon logo

Canon logoEveryone has long accepted that phone photography has cut into compact camera sales — but many hoped higher-end interchangeable lens models would continue to earn healthy revenues.

Now the leading camera maker Canon predicted its first drop in SLRs sales through December, down to 8 million from 8.2 million last year.

Prior to this, “the high-margin interchangeable-lens format favored by professional photographers and enthusiasts has seen growth every year up to 2012,” company officials said according to Reuters’ report. “Canon said it now sees sales of the digital interchangeable-lens format coming in 11 percent below its previous forecast of 9 million cameras, issued in July.”

Canon left its 2013 sales forecast for compact cameras unchanged at 14 million, against 18.3 million in 2012, Reuters adds. Worldwide camera shipments dropped 19 percent in value in August from the same time a year earlier, a ninth consecutive monthly decline, according to Japan’s Camera & Imaging Products Association.

Canon also cut its annual profit forecast. Net income will total about $2.5 billion for the year ending December, or down to 240 billion yen from its earlier forecast of 260. Canon also manufactures printers and medical equipment.

More information is here and here.

 

Nikon: Camera sales slump

Nikonlogo

Nikonlogo

“Pressured by the improving quality of smartphone cameras and the convenience of apps to share photos instantaneously,” The Wall Street Journal says, “camera demand is falling at an unprecedented pace.”

In the first six months of 2013, camera shipments are down 42.7 percent on year, according to the Camera and Imaging Products Association. There was a 15 percent fall in 2012.

At Nikon, net profit fell 72 percent in the last quarter due to the slump in the imaging division. The company, the second-largest camera maker, cites a steep slide in demand for compact and interchangeable-lens models, the Journal says, and cut its sales and profit outlook for the fiscal year to March.

The biggest declines have come from the entry-level, point-and-shoot models. Nikon is also seeing sales decline in SLRs, and notes the disappointing demand for mirrorless interchangeable lens cameras as well.

Nikon cut its full-year sales estimates for interchangeable lens cameras by 8 percent to 6.55 million units, while slashing its compact digital camera forecasts by 18 percent to 11.5 million units from its earlier projections announced in May, the Journal reports.

 

Olympus says its mirrorfree camera sales were also falling short of its own projections. Losses at its camera business narrowed in the quarter to a net loss of ¥1.83 billion.

Reuters reports Olympus’ Pen sales fell 12 percent last quarter.

Photo books and more: Cewe Color growth continues

cewe books

 

cewe books

It’s always good to be able to relay news on the success of a PMA member company: European photofinisher Cewe Color reports continued revenue growth of almost a half-million Euro EBIT — even in 1Q13, what it says is “typically the weakest quarter of the year,” when print sales are “just as difficult as selling ice cream in winter.”

The primary growth drivers were its photo books and new online printing operations, the company says — and that will continue through out the year: “In 2013, we are very likely to generate more than 90 percent of our earnings in the fourth quarter. The positive trend in the first quarter is special confirmation of our positive assessment for the current business year.”

Photo books in particular show “undiminished dynamism” Cewe adds, rising 5.6 percent to EUR 69.2 million.

Photo and online print service company Cewe Color has 13 production operations and a staff of around 3,300 employees in 24 European countries. The company says in 2012 it delivered around 2.5 billion prints, 5.6 million photo books, and photo gift products to more than 34,000 retail partners.

cewe 1q13

 

Canon misses estimates, stock drops

canon130

 

canon130The largest camera maker was the worst performer in the Nikkei 225 Index after, Bloomberg News reports, “after forecasting earnings below analyst estimates amid slumping demand for compact models.”

Canon’s stock fell as much as 5.7 percent, the biggest decline since July 26.

Net income will probably be 290 billion yen ($2.9 billion) in 2013, the Tokyo-based company said in a statement yesterday, missing the 308 billion-yen average of 20 analyst estimates compiled by Bloomberg.

For the quarter ended March 31, Canon reported a 34 percent decline in net income.

It cut its full-year sales target for compact cameras by 15 percent to 14.5 million units “as consumers increasingly use smartphones to snap shots,” Bloomberg adds (but projects interchangeable lens camera sales will be up 12 percent).

Global shipments of digital cameras almost halved to 4.26 million units in February from a year earlier, a 10th consecutive monthly decline, according to the Camera & Imaging Products Association in Tokyo. Shipments of compact models were down 40 percent in the first two months of 2013 from a year earlier, while that for cameras with interchangeable lenses dropped 17 percent, according to the industry group.

Nikon’s stock also fell 2.3 percent to 2,197 yen. As analyst Thom Hogan put it, “Canon Sneezes, Nikon Gets Sick.” He notes that ‘Compact shipments plummeted in the first quarter of 2013 compared to the previous year. This is a disaster for most camera companies.” Canon and Nikon share nearly 90 percent of the SLR marketplace. “That’s important, because the dollar value for DSLR shipments in Q1 2013 exceeded the dollar value of all compact camera shipments,” Hogan says — so Canon and Nikon “are a bit more insulated from the compact camera collapse than the others.” However, he adds, “Nikon is more vulnerable than any of the other Japanese camera companies because it’s the only one that derives the majority of its sales from cameras.”

 

Olympus cuts profit forecast, expects camera loss

olympuslogo

Olympus cut its operating profit forecast by 24 percent on an expected loss at its camera unit, BusinessWeek reports.

Operating profit will be $478 million in the year ending March; the camera unit is expected to report a loss of 8 billion yen in the current fiscal year, compared with its previous forecast of a 1 billion yen profit, as the compact camera market is shrinking, the Tokyo-based company said. “The compact camera market is shrinking rapidly because people are switching to smartphones.”

Olympus cut its full-year sales forecast for digital cameras by 11 percent to 7.3 million units.

The full report is here.

 

Hoya profit up more than 50 percent for quarter due in insurance income from flood

Pentax parent company Hoya Corp. said first quarter revenues decreased 0.6 percent to 92,615 million yen compared with the same period last year — but profit before tax increased 47.0 percnet to 25,816 million yen, and profit for the term increased 51.0 percent to 23,197 million yen. The significant increase of the profits is due to the insurance income of 11,308 million yen to compensate for losses in the production facilities of eyeglass lenses caused by the flooding in Thailand.

Retailers announces July and quarterly sales results

Electronics retailer hhgregg reported a net loss of $5.7 million for the three month period ended June 30, 2012, compared with a net loss of $0.8 million for the comparable prior year period. The increase in the Company’s net loss for the three month period was the result of a comparable store sales decrease of 5.1 percent, an increase in net advertising expense as a percentage of net sales, an increase in SG&A expense as a percentage of net sales and a slight decrease in gross profit as a percentage of net sales, partially offset by the net addition of 30 stores in the past 12 months.

Dennis May, President and CEO commented, “As we announced in our pre-release, our first fiscal quarter proved to be more challenging than anticipated with sales and earnings coming in below our original expectations. We reacted to the sales shortfall by making adjustments to our cost structure. We expect subsequent quarters to benefit from our cost cutting measures. We are looking at new ways to enhance our store sales productivity through the testing of new products and merchandise that leverage our consultative sales force, delivery and installation network and private label consumer credit card offering. During the Company’s 57 year history, we have been successful in adapting our business to fit the changing needs of consumers, and remain confident in our ability to navigate through this difficult cycle.”

In addition, Target, Rite Aid and Costco all reported July sales results. Target’s net retail sales for July were $4,995 million, an increase of 3.2 percent from $4,840 million for July 2011. July comparable-store sales increased 3.1 percent. Rite Aid saw a same store sales increase of 0.5 percent for July over the prior-year period. Costco reported net sales of $7.25 billion for July, an increase of eight percent from $6.74 billion during July last year.

Kodak’s U.S. operations show first sign of profitability; hits snag in bonus plan

The Rochester Democrat & Chronicle reports Kodak’s U.S. operations showed a gross profit for June — for the first time since filing for bankruptcy protection in January.

For June, Kodak’s U.S. operations posted sales of $180.2 million and a net loss of $160 million. That net loss ends what had been two consecutive months of the company edging closer to bottom-line profitability.

But June also marked the first month since filing for bankruptcy where the company’s gross profit was in the black to the tune of $19.2 million. Gross profit does not count such business expenses as taxes, R&D, and selling and administrative costs, the Rochester Demoncrat & Chronicle reports.

In other news, the U.S. Justice Department trustee overseeing Kodak’s bankruptcy is objecting to company plans to continue the EXCEL bonus plan for upper management and to give co-President Laura Quatela a bonus tied to the company’s sale of digital imaging patents.

Read full coverage here.