Viability high because of 500 employee strength

RMGT December 2019 results down on 2018 figures

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RMGT
RMGT 920ST 6-color sheetfed offset press

RMGT stands for Ryobi Mitsubishi Graphic Technology and is represented in India by Provin Technologies. RMGT’s financial year was changed from ending on 31 March to 31 December in 2018. Thus the figures for 2018 pertain to nine months working only.

Nevertheless a thoughtful comparison shows that the past year was not as good as 2018 for the company. In India too its number of installation decreased which is similar to each of our five manufacturers except Heidelberg which did better in the current financial year ending 31 March 2020 in comparison to the financial year ending 31 March 2019. RMGT is facing, similar to the other press manufacturers, intense price pressure on its products and like them and the industry and global economy as a whole, the effects of the Coronavirus.

However, the company with its 500 employees ranks high on overall viability amongst the global offset press manufacturers.

1. Order intake
– Fiscal period of December 2018 (for 9 months) – 13,926 million JPY Indian Rs. 906 crore
– Fiscal period of December 2019 (for 12 months) – 15,916 million JPY 1,085 crore
Note:  The above figure includes only order intake of printing presses itself and does not include any order  intake of spare parts and service.

2. Revenue. net sales
– Fiscal period of December 2018 (for 9 months) – 19,704 million JPY Rs. 1,304 crore
– Fiscal period of December 2019 (for 12 months) – 23,661 million JPY Rs. 1,612 crore
Note: The above figure includes order intake of printing presses, spare parts, service and materials.

3. The EBITDA, net profit, cash flow and payroll cost figures are not available at the time of writing for publication.

4. Payroll as of 31.12 – 500 employees

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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