The Office Times

Fiducial Office Solutions reports drop in sales

Fiducial Office Solutions has given an update on the first half of its financial year, ending March 31, 2020.

The company noted that sales of office supplies continued its downward trend in France for the product categories most exposed to digitalisation, such as filing, paper, computer consumables, writing and office machines.

Diversification into segments such office furniture partially offset this downward trend.

Fiducial Office Solutions reported a very significant drop in sales during the last 15 days of March following the cessation of economic activity due to Covid-19.

In this extraordinary economic environment of recession, Fiducial Office Solutions managed to achieve consolidated turnover of €97.4 million in all of its markets, a slight decrease compared to the same half of the previous year. (€ 100.8 million).

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