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...

Stock markets

Unresolved debt crisis sends stock markets into tailspin By mid-2011 the stock markets had largely recovered from the downturn caused by the natural disaster in Japan back in March. However, fuelled by growing recessionary fears among investors, a situation that...

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...

IFRIC 19

In November 2009, the IASB issued IFRIC 19 “Extinguishing Financial Liabilities with Equity Instruments”. The Interpretation has yet to be endorsed by the European Union and incorporated into European law. The Interpretation specifies that a borrower who...