Thursday, January 30, 2014

The 2013 benefit of Canon increasing but below expectations - Capital.fr

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Canon, the Japanese maker of cameras and printers, reported an operating profit of 337.3 billion yen profit (€ 2.39 billion) in 2013, up 4 1% but less than analysts’ expectations. / Picture taken on October 24 2013/REUTERS/Yuya Shino

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Canon, the Japanese maker of cameras and printers, Wednesday reported an operating profit 337.3 billion yen (2.39 billion euros) in 2013, up 4.1% but less than analysts’ expectations.

consensus Thomson Reuters StarMine, made from estimates of 23 analysts gave a score of 353.50 billion.

turnover increased by 7.2% to 3,730 billion yen, and the group still expects growth of 3.2% this year to 3.850 trillion yen.

To achieve this, Canon expects a further depreciation of the yen-dollar 100 and 135 per euro on average and on the further improvement of economic conditions in the United States and Europe, its main market.

Sophie Knight, Veronique Tison for the French service

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