Service Point reports Q1 2010 Results

Yesterday, Service Point, the world’s second largest document management and reprographics service company, reported results for Q1 2010.

Here’s just a portion of that Press Release:

14 May 2010.- Service Point posted a healthy first-quarter earnings performance, fully in line with our internal expectations for sustained improvement that gathers momentum as 2010 unfolds. In the first quarter of 2010, Service Point Solutions (stock exchange ticker: SPS.MC) posted year-on-year growth in net profit of 22.9% to €0.97 million.

Service Point’s first-quarter revenue amounted to €52.2 million, a drop of 10.9% year-on-year, due mainly to the adverse impact of harsh weather conditions in Germany, the Netherlands, the UK and the US in January and February. However, the recent trends in the customer portfolio and business volumes leave us confident that full-year revenue will be higher than in 2009, in line with our internal forecasts.

This year Service Point Solutions will renew its M&A growth strategy. The company continues to actively look at, and in some instances negotiate, select opportunities to consolidate its leadership of the European document management market.

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You can read the full Press Release by copying this internet address into your browser window:

http://www.servicepoint.net/es/press/docs/PR_1T10_140510.pdf