24 Apogee

Doug Woodburn
clock • 1 min read

Key points

Revenue: £177.1m (-26%)

Net profit: -7.8%  Staff: 1,084

The UK's largest print and copier dealer suffered a sharp - but expected - fall in revenue and profit in its year to 31 October 2019 as a number of factors conspired to impact trading. This included a reduction in cost per copy charged for new service contracts and charges related to its 2018 acquisition by HP. Revenue fell by a quarter to £177.1m, with net losses widening to £28.4m. Print volumes on its existing fleet have "reduced significantly" in 2020 due to lockdown, it added.

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