Domino Printing should be among the most predictable of businesses: its printers produce labels for consumer goods companies such as those involved in food, drinks and pharmaceuticals.
The company therefore reckons it can increase sales at or above global GDP growth, as more foods and other goods are sold in supermarkets and governed by regulations over sourcing, sell-by dates and the like
There are complications, though. Markets, such as China, that are modernising fast are attractive to competitors and Domino has suffered some reduction in prices as rivals from the US and elsewhere have tried to muscle in with cheap products.
The shares took a hit this year as Domino warned on this. The reassurance from yesterday’s annual results was that prices have at least