Shares in Domino Printing Sciences (DNO) took a hammering when management hinted at a price war for new printer placements in developing markets. But the rest of the business looks in good shape. Strip out currency movements and sales growth for the 10 months to end-August was 9 per cent, with steady progress across all divisions.
Domino's performance has been robust this year, with solid progress in each of its largest markets - Germany, the US and China. The industrial printing specialist reported exceptional growth in Europe in the first half, due to a number of large projects being released after the recession, but business has returned to "more normal levels" since the summer lull. Additional investment in research and development could also take a slight shine off full-year earnings, due to be announced on 16 December. Broker Investec expects EPS of 36.8p, up from 35p.
