Kwik Kopy sales bounce back from GFC

Kwik Kopy Australia expects to surpass pre-GFC results after reporting 3.5 per cent increase of sales in first half of the 2011 financial year.

Sales were up to $43.6 million year-on-year and according to CEO, David Bell, (pictured) indicate that the Kwik Kopy Franchise System has fully emerged from any lingering effects of the GFC.

“We’re confident that system profits will soon exceed the record profit levels achieved during the 2008 financial period,” Bell said. “Our top 20 franchisees have grown their business at 20 per cent or more this year.”

Kwik Kopy claims that during the killer year of 2009, its sales fell from only three per cent from the 2008 figure of $86.5 million. “In 2010 sales stabilised and in 2011 we are now seeing very strong figures returning throughout the system,” Bell added. “The strong focus placed on cutting costs and optimising service levels has clearly paid dividends – against background of business closures in the printing industry, not one of our centres failed.”

Bell also attributed the increase in profits to a 16 per cent increase in colour printing services. “We have focused on diversification in our products and service offerings through the system and this has seen design sales increase 21 per cent over the last three years,” he added.