Last week, Turbon AG announced its financial results for fiscal 2017. By any measure, it was a disappointing year for Turbon. But this was not a surprise. As anyone who has been following Turbon over the past year knows, fiscal 2017 was not shaping up to be a good year for the company. When announcing
Canon’s recent complaint to the U.S. International Trade Commission (ITC) asking the Commission to commence a Section 337 investigation into infringement of certain patents Canon holds on toner cartridges and their components shook the aftermarket supplies industry (see “Canon Causes Another Cataclysm: OEM Sues Numerous Aftermarket Firms for Patent Infringement”). The complaint also provides a
Netherlands-based printer supplies distributor Internet of Printing BV (IOP) has signed an agreement with German toner cartridge remanufacturer and distributor Turbon AG to be the wholesale distributor for IBM products for Europe, the Middle East, and Africa (EMEA). Turbon remains the licensee for the IBM brand in the region and will continue as such, but
Hattingen, Germany-based Turbon AG continued its plan to diversify outside its core laser cartridge manufacturing business with its December 21 announcement that it has acquired the assets of NCR Corporation’s former Interactive Printer Solutions (IPS) division in the Middle East and Africa (MEA). Financial terms of the acquisition have not been disclosed. NCR’s IPS division
On September 29, Turbon AG reported its financial results for the first half of fiscal 2017. It was not a good start to the firm’s fiscal year. In August, Turbon tipped its hand that the first half of its fiscal year was not looking good (see “Turbon Warns Its First Half Looks Weak, Slashes Full-Year
On August 25, Turbon AG issued a statement about its first-half 2017 results. According to an announcement on the company’s website, Turbon will release its half yearly financial statement on September 28. However, the company warned that both sales and earnings for the period declined year-over-year and that it is lowering its outlook for fiscal 2017.
Turbon AG announced its fiscal 2016 financials on May 9 (see “Turbon Closes Books on Weaker-Than-Expected Fiscal 2016”). Since then, Turbon has published its 2016 annual report. Turbon’s quarterly financial announcements have noted since 2016 that the company would be acquiring a majority stake in a German managed print services (MPS) provider (see “Turbon Reshuffles
Just three weeks after reporting its year-end results for fiscal 2016 (see “Turbon Closes Books on Weaker-Than-Expected Fiscal 2016”), Turbon AG reported its financial results for the first quarter of 2017, which ended on March 31. Turbon is facing some challenges in its traditional laser supplies business. Turbon grew the U.S. segment of this business
On May 9, the European remanufacturer Turbon AG announced its financial results for fiscal 2016, ended on December 31, 2016. Every single quarter this year Turbon’s results have fallen short of its forecasts, with its U.S. business being a particular area of weakness (see “Turbon Gets Off to Rocky Start in Q1 as U.S. Business
On November 28, Turbon AG, the Germany-based remanufacturer and distributor of third-party toner supplies, reported its financial results for the first nine months of fiscal 2016. With each quarterly financial results announcement this year, Turbon has complained that its sales fell short of forecasts. Its U.S. business has been a sore spot all year, with
