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Canon forecasts clearing skies for business partners in 2010
Nov 15 2009 -

Dubai, UAE, 15th November 2009: Canon Middle East, world-leader in imaging solutions, is gathering its distribution partners from across the Middle East for its bi-annual partner conference from 18-20 November 2009. Held at the prestigious Atlantis Hotel in Dubai, the two day event is aimed at sharing Canon's regional strategies and business directions for 2010 to over 24 partners.
Canon sees strong growth opportunities in the region for next year, having revised its outlook since the last partner conference was held in April 2009.

"Canon has been prudent with its forecasts in 2009 in reaction to the exceptional economic climate and our message to partners was one of caution and diligence in containing costs and operating efficiently," said Bertil Widmark, Managing Director of Canon Middle East. "Now that the market is improving for Canon, we see clearing skies ahead and are sharing a more positive outlook with our partners for next year, having remained financially strong and profitable throughout 2009."

Canon posted operating profit for the first 3 quarters of 2009 at US$ 1.388 Billion, which is credited to Canon's business model for self-financing and careful cost control throughout 2009, making it one of a few electronics and technology leaders to remain profitable during the economic slowdown.

The two day partner conference will provide strategic direction for Canon's business in 2010, as well as updated product and solutions information across all its imaging technologies for both consumer and business units.

"We are looking forward to seeing all our partners and sharing with them our new direction for the coming year which promises a better outlook for Canon and its business partners," added Widmark.

-Ends-
URL: www.canon-me.com

Nov 15 2009.Press Release
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