In the latest episode of the What’s Happenin’ podcast, Andy Slawetsky sat down with Sam Errigo, president and CEO of Konica Minolta, to discuss the company’s recent earnings report and its performance across different segments.
The conversation revealed that while Konica Minolta faced setbacks in its medical and sensing sectors, there was notable growth in the digital workplace and office equipment sales. Errigo highlighted a solid year-over-year increase in profit, signaling a strong recovery trajectory. However, the production print sector remained flat, prompting discussions on strategies to rejuvenate this critical area.
Errigo detailed efforts to address the mixed performance, including bolstering the digital workplace and professional print sectors, which both saw a 3% increase in business contribution. A significant boost in operating profit within the digital workplace sector underscored the company’s success in navigating the complexities of the market.
The two also discussed their direct channel and the rumors around it being for sale, performance numbers for their top dealers and more.
SOURCE Industry Analysts Inc.