Gretag Imaging issues new profit warning

Gretag Imaging boss, William Recker, said action had been taken to address structural problems Keystone Archive

The photo finishing and printing products company, Gretag Imaging, says net profits for 2000 could be even lower than expected. The news follows a profit warning last November.

This content was published on January 15, 2001 - 11:58

Gretag Imaging said on Monday that annual sales had come in at the lower end of expectations.

The company's new chief executive, William Recker, said the firm was facing a financial burden caused by its inefficient structure. He added that it also lacked a clear strategy.

In November, the company said net profit for 2000 would be between SFr45 and 55 million ($27 and $33 million), about half the previous year's amount. The warning triggered a 50 per cent slide in the share price.

Recker said the company needed to consolidate its organisation and processes and added that five strategic projects had been initiated to address structural problems.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?