Lexmark revenues fall in third quarter

Oct 28, 2015

Lexmark SaudiRevenue for 3Q2015 to $851 million (€769 million), down from $918 million (€829 million) for the respective quarter of 2014, while the gross profit margin fell to 37.6 percent from 38.9 percent.

The OEM’s Inkjet Exit division saw its revenue decline 48 percent, while its MPS division grew its revenue by one percent. Rumours emerged earlier this month that among “strategic alternatives” Lexmark is considering include looking to sell the company to another technology company or a private equity firm.

The company also recently opened a base in Saudi Arabia.

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