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The main article about the company: HP Inc.
2019
Insignificant sales growth to $58.76 billion
According to the results of 2019 financial year HP Inc revenue. there were equal $58.76 billion, having slightly increased rather previous year ($58.47 billion).
Sales to the company increased only thanks to computers as printer business is in decline. For the 12-month reporting period closed on October 31 2019 calendar year, the PC division recorded turnover at the level of $38.69 billion that is 3% more, than the previous year.
Sale of notebooks and desktops of HP increased by 2% and 4%, having reached $22.93 billion and $12.05 billion respectively. In a segment of workstations growth was even stronger — for 6% to $2.39 billion. The most profitable category of products at the company are notebooks which share in revenue in a year made 39%.
In division on release of the printing equipment of HP decline of revenue by 4% to $20.07 billion is recorded. Strongest — sales of consumer printers and the MFP decreased by 7% —. At the same time in the sector of corporate solutions rise for 2% to $4.61 billion took place. Deliveries of supplies in 2019 to a fiscal year in comparison with the 2018th decreased by 5% to $12.92 billion.
The countries of North and South America remain the largest sales market of the equipment and services of HP — 42% of revenue of the company were the share to a fiscal year of them in 2019. At the same time income was reduced by 2% there. In EMEA where the producer earns about 35% of revenue, annual sales decreased by 1%. In the Pacific Rim (23%) turnover increased by 7%. Outside the USA HP generates about 65% of sales.
The net profit of HP in 2019 reporting year was $3.15 billion that is much lower than the profit of year prescription ($5.33 billion).
In computer division of HP profit in the amount of $1.9 billion whereas in 2018 financial year it equaled $1.4 billion is registered. Profit in printer business decreased from $3.2 billion to $3.31 billion[1]
Sales growth more than for $1.6 billion (+69%) thanks to initiatives in the field of sustainable development
HP Inc company. On June 30, 2020 published the activities report in the field of sustainable development for 2019 – "Sustainable Impact Report" which lights the main achievements of the company in the field of development of the principles of social variety and inclusivity, decrease in a negative impact on the environment and supports of local communities worldwide.
The initiatives implemented by HP in 2019 in the field of sustainable development led to additional sales growth in 2019 more than on 1.6 billion US dollars. It is 69% higher than an indicator of 2018 that reflects the growing interest of the market in the companies with conscious approach to business.
HP adheres to the culture of inclusive society and sociocultural variety at all levels of a corporate structure and continuously fights against any manifestations of racial discrimination. The Board of Directors of HP remains to the most diversified among the American technology companies (42% of structure – women, 58% – representatives of sociocultural minorities).
In 2019 women made 40% of total number of again hired employees of HP. Within the program of global variety of suppliers 374 million US dollars were spent for support of the business belonging to people with disabilities and women that brought the total economic effect equivalent to 698 million US dollars.
The Foundation HP fund selected 500 thousand dollars of the USA to the public organizations focused on fight for social justice and counteraction to system racism and inequality in society.
HP was also sounded by the purpose by 2025 to reduce the volume of one-time plastic packaging by 75%. The company is going to achieve this result due to change of construction of packaging of devices and transition to packaging pillows from the formed cellulose.
The ecological strategy of HP in the field of packaging is directed to the greatest possible reduction of use of plastic and other potentially problem materials. In 2019 the HP company decided to refuse plastic couplers and plastic packets for documents in packaging of the equipment. Also passed HP to alternative materials, more suitable for secondary processing, on a paper basis. Quicker to achieve the goal, Nrperekhodit from packaging pillows from polyfoam to pillows from 100% of the processed formed cellulose in packaging of notebooks, desktop PCs and displays. Transition to cellulose pillows in packaging of the PC of devices allowed to refuse last year use of 933 tons of difficult processed polyfoam.
HP reduced use of polyfoam in packaging of products for printing by 40% and in 2019 avoided use more than 95 tons of this material only due to change of construction of packaging of printers. Besides, In 2019 the first HP printer with zero use of plastic packaging – HP TangoTerra was released. It became possible thanks to a combination of pillows from the formed fiber and paper roof covering instead of polyfoam and a plastic bag. Developing innovations in the field of 3D - printings, recently announced HP production of the material called PP polypropylene which allows to reduce the number of waste due to 100 percent reuse of residual powder.
HP also increases use of the processed plastic materials in the products for printing and the personal systems. In 2019 HP used more than 25,000 tons of the processed secondary plastic that is equivalent to 9% of the volume of all plastic used by the company. HP works on increasing this indicator to 30% by 2025.
Also the company processed 771 tons of oceanic plastic that is equivalent to 60 million bottles, and released the first-ever notebooks, displays, mobile workstations and corporate chromebooks manufactured using this salvage. HP has in the portfolio 111 products which received the gold certificate of EPEAT, and 268 — the silver certificate of EPEAT.
In 2019 HP signed the partnership agreement with the World Wide Fund for Nature (WWF) and started the HP Sustainable Forest Collaborative project which purpose is recovery, protection and preserving more than 80,000 hectares of the wood that is equivalent to the square of New York. In five years of HP will transfer WWF of 11 million US dollars to recovery being under the threat of the Brazilian Atlantic Forest and also to maintenance of the concept of steady management of state farms and forest plantations in China. In both countries of HP with assistance of WWF develops scientific research of the woods quantitatively to estimate efficiency of recovery actions.
Comprehensive access to technologies, tools and materials which can increase quality of education of people – one of crucial elements of strategy of HP on sustainable development. In 2019 6.3 million personal computers were sent to schools worldwide.
Within the wide list of actions taken by HP for the help in fight against COVID-19 in hospitals more than 2.3 million means of prime necessity printed on 3D-printers were delivered: guards for the person, masks, tampons for taking of dabs from a nose and so forth HP undertook to offer about 8 million US dollars partially the products, partially on grants in support of the mixed training and local communities.
Besides, together more than with 155 HP companies signed the application of Recover Better containing an appeal to the governments of world powers to approve the efforts on an economic recovery from COVID-19 pandemic effects.
2018: Sales growth for 12% to $58.5 billion
In 2018 financial year which came to the end at the end of October of the 2018th calendar, HP Inc sales. made $58.5 billion that is 12% more, than the previous year.
In computer division revenue increased by 13%, having reached $37.7 billion. The company earned $22.5 billion from sale of notebooks that is 14% more than an indicator of year prescription. Sales of desktops rose by 12% (to $11.6 billion), workstations — for 10% (to $2.2 billion).
In division of the printing equipment sales at the level of $20.8 billion against $18.8 billion in 2017 reporting year are recorded. Sale of printers and HP MFP in a corporate segment jumped by 23%, having made $4.7 billion. Sales of consumer list devices increased by 6% to $2.6 billion. The most part of revenues of printer division are still the share of supplies: here revenue of the company in 2018 financial year was equal to $13.6 billion, having risen by 8% year on year.
Net profit of HP Inc. for the 12-month reporting period which end fell on October 31, 2018 made $5.3 billion that is 111% more, than the previous year.
Most part (44%) of HP Inc turnover. generate the countries of North and South America. In EMEA countries (Europe, the Middle East, Africa) the company earned 34% of revenue in a year. Another 22% were brought by the Pacific Rim which became for the American vendor the most fast-growing market.
The company reported that financial results do not consider any effects from possible introduction of new duties or the shift in demand because of the increasing geopolitical uncertainty. HP Inc. allows growth of price for products because of introduction of duties on import of some goods from China to the USA.
After the publication of annual accounts of the stock HP Inc. practically did not change in the price.[2]
2017: Growth of revenue by 8% thanks to notebooks
In 2017 financial year which came to the end on October 31 the 2017th calendar, HP Inc revenue. reached $52.06 billion that for 8% exceeds an indicator of year prescription. Without exchange rate fluctuations of sale rose by 9%. The annual net profit of the company decreased from $2.7 billion to $2.5 billion.
Financial growth of HP Inc. it is caused by strong sales of the computer equipment. The relevant division finished reporting year with turnover in the amount of $33.4 billion that is 11% more, than the previous year.
Most strongly sales of notebooks — grew by 16% — to $19.8 billion. Implementation of desktops at HP Inc. increased by 3% (to $10.3 billion), workstations — for 6% (to $1.3 billion). The PC-business brought the companies of 64% of revenue, the remained 34 percent share was provided by printer division.
The last in 2017 recorded revenue in the amount of $18.8 billion against $18.3 billion in the 2016th. Income from deliveries of supplies for the printing equipment increased by 5%, to $12.4 billion. Sales of printers and the MFP in consumer segment increased by 3% (to $2.4 billion) while in the corporate sector revenue decreased by 2% (to $3.97 billion).
Printer business occupied 72% in the annual profit of HP of Inc., and computer — only 28%. Such leadership of division in release of list devices is caused by high profitability of sales of "consumables". In the reporting of 2017 financial year indicators of printer assets which HP Inc were considered. purchased at Samsung for $1 billion.
Considerable share of business of HP Inc. it is concentrated in the USA (37% according to the results of 2017 financial year). In EMEA countries (Europe, the Middle East, Africa) the company earned 34% of revenue in a year. Another 20% were brought by the Pacific Rim which became for the American vendor the most fast-growing market (+11% in 2017 financial year). In EMEA income increased by 8%.[3]
2016: Fall of income by 6% to $48.2 billion because of weak sales of printers
On November 22, 2016 HP Inc. published the report for work in 2016 financial year. Both revenue, and the profit of the American company fall in many respects because of weak sales in the market of list devices.
According to the results of 12-month reporting period closed on October 31, 2016, HP Inc. gained $48.2 billion that is 6% less than an indicator of year prescription. Net profit was reduced even stronger — by 28% to $2.7 billion.
Annual revenues of computer division of HP Inc. nearly held on to $30 billion, having decreased by 5% in comparison with 2015 financial year. Most strongly income from sale of desktop PCs and workstations — dropped by 9% to 10 and 1.1 billion dollars respectively. Sales of notebooks decreased by 2%, having made $17 billion.
By estimates of the research agency Gartner for the third quarter 2016, HP Inc share. in the world market of personal computers 20.4% against 18.8% are in kind measured the previous year. On quantitative deliveries of the HP Inc systems. takes the second place after Lenovo, and on income — the first.
Worst of all put HP Inc. are in printer business. Its turnover in 2016 to a fiscal year dropped by 14% concerning the 2015th — to $18.3 billion. Sales of the consumer printing equipment failed for 30% (to $1.3 billion), and corporate systems — for 6% (to $5.1 billion). Implementation of supplies (cartridges, toners, ink, paper) decreased by 15% to $11.9 billion.
In the conditions of this regress Dion Weisler found also good points: in August-October, 2016 sales of the printing devices HP Inc. in terms of money rose by 1% — for the first time for Weisler memories. Besides, other indicators of printer division fall not so strongly as at the beginning of 2016, the head of the American company reported.[4]
Notes
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