Industry News
Kornit Q2 revenues down on 2023 S
econd quarter revenues for Kornit Digital were down from $56.2 million (£43.8 million) in Q2 of 2023 to $48.6 million (£37.9 million).
Although in line with previous guidance, this drop was attributed to lower systems revenues.
Ronen Samuel, Kornit’s chief executive
offi cer, said: “We are witnessing a pivotal shift to on-demand production in the fashion industry, where consumers are demanding both increased variety and faster delivery.
“While the positive impact of these trends on our systems sales remains muted, we again saw growth in impressions and consumables. This
The Apollo DTG platform was released at the beginning of the year
supports our view that our customers continue to digest available capacity. “In the second quarter, we also received several additional Apollo orders, including four on our all-inclusive click model. Given the strong initial feedback and traction we have seen with our AIC model, we made the decision to begin piloting the model on the Atlas MAX system for screen replacement customers.”
Fairtrade publishes its 2023 annual report F
airtrade has released its 2023 annual report, with the disclosure of one of the areas being of focus in 2025 being to continue to explore ways of generating more sales for producers and deepening impact.
The report outlines the company’s plan to develop services which support companies and producers to make progress on sustainability goals and its publishing of its first-of-its-kind Living Wage Reference Prices for four banana producing countries, including: Colombia, Dominican Republic, Ecuador, and Peru.
Statistics covered in the report include 56 externally funded projects being active in 2023, 950+ Fairtrade coffee and cocoa cooperatives now being able to access deforestation risk monitoring through Satelligence partnership, and Fairtrade ambassadors and other experts speaking at 15 sessions at COP28. Additionally, the Fairtrade Child Labour and Forced Labour Prevention and Remediation Programme was launched with €450K.
In other news, this year, Fairtrade is celebrating 30 years since the first Fairtrade certified products hit supermarket shelves in the UK.
| 16 | September 2024
Behind Fairtrade, more than two million farmers and workers from 58 countries have been working towards suppling chain partners with brands of tea, coffee and chocolate. According to the company, through its building of a community of millions, Fairtrade farmers have managed to secure a fairer price for what they grow and workers have been able to improve their living standards.
• To read the full report, visit
www.fairtrade.net
At drupa earlier in the year, Kornit announced that customers could now acquire the Apollo system under an all-inclusive click charge model that requires no up-front capital investment. In return, customers commit to print a minimum number of clicks with payment due to the manufacturer after the printed product is sold.
Kornit also reported a loss of $1.6 million (£1.25 million), in terms of adjusted EBITDA, for the three months to June 30 – an improvement on Q2 in 2023 when the loss stood at $10.7 million (£8.35 million). For the third quarter of 2024, Kornit expects revenues to be in the range of $48 million (£37.2 million) to $52 million (£40.3 million).
Entries are now open for the inaugural The Sign Industry Awards
D
atateam Business Media is pleased to announce that entries are now open for The Sign
Industry Awards.
The launch of the awards follows Datateam’s strategic acquisition of Sign & Digital UK last year, as well as the recent acquisition of Sign Update and Image Reports.
The Sign Industry Awards will celebrate excellence in the visual communications sector, honouring past achievements, present innovations, and future advancements.
The Sign Industry Awards are open to anyone involved in the sign making industry, including sign makers, digital printers and designers.
The inaugural event will take place on the evening of day two of Sign & Digital UK on Monday, February 24.
Fairtrade published its 2023 annual report
• To view the full list of categories and criteria visit
www.thesignindustryawards.co.uk
www.printwearandpromotion.co.uk
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