The Recycler Issue 331

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EUROPE Delacamp, Financials, 2018, Supplier
Delacamp: Imaging sales
down, margins up
The company recently published their latest financial
statements that show imaging sales were down, but
speciality chemical sales were up.
Hamburg-based Delacamp reports that
2018 revenues decreased by €916,000
($989,989) to €17.083 million ($18.463
million), a 5.1% decline compared to the
previous year, whereas the resulting gross
profit increased by €582,000 ($629,076), a
19% year-on-year increase.
Delacamp business activities include the
worldwide sale of consumables and spare
parts for the reprocessing of cartridges
for laser and inkjet printers as well as the
trade in engineering plastics and highperformance
plastics.
2018 Imaging sales declined by €2.04
million ($2.21 million) to €12.22 million
($13.45 million). However, the gross profit
increased by €426,000 ($461,000) to €2.9
million ($3.14 million) in comparison to
the previous year, despite declining sales,
the gross profit margin increased by 6.4%
from 17.4% to 23.8%.
The company cites “the continuing
import of inexpensive finished cartridges
from the Far East, the steady decline in
printing volumes in the Delacamp sales
areas the ongoing consolidation on the
procurement and sales markets as well
as the economically difficult general
conditions for this industry in Southern
Europe had a significant impact on the
sales development in the imaging area
Sales markets as well as in the area of the
ex-Soviet Union.”
In the Convena Polymers division the
company continued the expansion of
the product portfolio and through the
acquisition of new customers and 2018
revenues increased €1.17 million ($1.26
million) to €4.65 million ($5.02 million)
and the gross profit increased by €222,000
($239,909) to €770,000 ($832,166). The
gross profit margin was 16.6% (previous
year 15.7%).
In their 2019 forecast the company said
“We expect business to develop positively
in the 2019 financial year. According to
the budget planning for 2019, an annual
profit of €144,000 ($155,626) is forecast.
By the time this management report was
prepared, the pro rata target figures for
2019 had been reached.
“In view of the expected economic
development and the expected
improvement in sales due to the targeted
organic and inorganic growth in trading
in high-performance polymers, we expect
business to be satisfactory in the 2019
financial year and expect the company's
financial position to remain stable.” ■
Issue 331
June 2020
23