Eastman Kodak has announced sales of US$ 7.19 billion (Euro 5.26 billion) for 2010, a 6 percent decrease in comparison to the prior year.
Revenue from digital businesses grew by 1 percent, reflecting an 18 percent revenue increase in the company’s core growth businesses that includes Commercial Inkjet, Packaging Solutions and Workflow Software and Services.
The company’s digital businesses delivered US$ 301 million (Euro 220.1 million) in earnings, US$ 308 million (Euro 225.2 million) improvement from the previous year.
Kodak’s Digital Imaging Group recorded sales of US$ 2.74 billion (Euro 2.0 billion) in 2010, a plus of 5 percent. Full-year earnings from operations for the segment reached US$ 330 million (Euro 241.3 million), US$ 295 million (Euro 215.7 million) more than in the previous year. This improvement was driven by intellectual property licensing transactions and improving profitability in Consumer Inkjet, partially offset by declines in Retail System Solutions.
