Sales climb at printer giant Epson

Sales have surged at the UK arm of computer printer giant Epson, newly filed results have revealed.

Hemel Hempstead Business Ambassador Epson (UK) Ltd turned over £180.8m in the year to 31 March 2018, up from £163.2m 12 months earlier.

Gross profit was flat at £24.3m, although pre-tax profits increased to £2.5m from £2.2m.

The company said the hike was down to a fall in pension costs, offset by decreased sales profitability caused by a change in sales mix.

Epson is a wholly owned subsidiary of Japanese giant Seiko Epson Corporation (SEC). Its UK arm has its head office in Hemel Hempstead and the business operates a representative office in Dublin.

SEC started life as Daiwa Kogyo Ltd in 1942.

 

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