Market volatility

Overall, PrintXpress managed to stand its ground in what has become an increasingly volatile market. Despite price-related pressures and somewhat sluggish demand, we succeeded in raising tonnage output slightly and maintaining earnings before interest and taxes at a...

Economic performance

Global economic recovery loses momentum Despite the protracted debt crisis and the impact of the natural disaster in Japan, the global economy continued to perform robustly during the second quarter of 2011. Having said that, there was also evidence to suggest a...

Risk

The process of reporting significant risks takes place on a regular basis and is complemented by ad hoc reports to the Management Board in the event of sudden or unexpected risks. Overall responsibility for the independent reporting system, which is standardised...

Basel

We pointed out that there were indeed differing opinions at an international level as to the risk associated with the fair value option. Moreover, the Paper was not aimed at imposing additional restrictions with regard to risk management or the application of the fair...