Ricoh Europe Implements Measures for Accelerated Transformation and Growth

This IDC Market Perspective reviews Ricoh's FY24 financial results and performance against strategic goals, as well as assesses the impact of recent major announcements on Ricoh's European business. It updates Ricoh Aligns European Initiatives to Corporate Strategy for Value Improvement (IDC #EUR152728624, November 2024)."Ricoh working to boost its profitability through accelerated sales growth and continually improving its operational efficiency as the market evolves, subject to increasing disruptive global factors," said Jacqui Hendriks, associate research director, European Print Vendor Transformation Strategies, IDC. "Ricoh's recent European announcements mark a rebalancing of internal and external resources as well as talent, setting the groundwork for building momentum. However, Ricoh must more easily facilitate leveraging synergies across its operating companies and acquired companies, having fallen short of corporate targets."