May 7, 2021
The Western European printer and multifunction (MFP) market increased by 18,9% in 1Q21 compared with the same period a year ago, to give a market size of 5,15-million units.
According to research by International Data Corporation (IDC), this was the third quarter in a row that the HCP market increased in Western Europe in unit shipments; as more tenders and contract renewals took place in the office, market values held firm.
Market performance in 1Q21 was the highest shipment figure for a first quarter for over six years, driven by demand for inkjet devices, while laser shipments continued to contract in most countries, though there were pockets of growth.
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ARC Document Solutions: ARC Reports Year-Over-Year Increases in Adjusted EBITDA and Cash Flow from Operations in First Quarter
2021
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Management Commentary: The company remained resilient and responsive throughout the first quarter as demonstrated by our EBITDA and cash generation performance, and we re-established our momentum after a challenging quarter of sales, said Suri Suriyakumar, Chairman, President and CEO of ARC. The weather in February took everyone by surprise, but solid demand for our services resumed in March. The growing diversity of our market continues to provide us with new opportunities to expand our customer base and focus on growing it well-beyond the construction vertical.