Kodak Alaris completes financial restructuring positioning itself for investment and future growth
London, United Kingdom (July 17, 2017) – Today, Kodak Alaris announces the achievement of three important milestones that transform the company for the benefit of its owner, employees, suppliers and customers.
“Our customers, suppliers, creditors and employees have all worked hard and provided great support since Kodak Alaris’ beginning,” said Marc Jourlait, Chief Executive Officer, Kodak Alaris. “This financial transformation gives me great confidence we can deliver value for all our stakeholders as we build upon the solid foundation that underpins Kodak Alaris.”
“We are delighted to announce the completion of these important restructuring programs which substantially strengthens the group’s balance sheet,” added Mark Alflatt, Chief Financial Officer, Kodak Alaris. “This creates financial capacity to support investments in our current business as well as our growth initiatives and the additional capital from the sale of our Harrow site will accelerate Kodak Alaris’ strategic plan as we continue to deliver best-in-class products and services to our clients.”
Specific to this announcement, Kodak Alaris has:
About Kodak Alaris
Kodak Alaris is a company that is passionate about using technology to transform organizations and improve people's lives across the planet. From our document scanners and intelligent state-of-the-art software and services that power some of the world's largest companies, to our photographic paper production, printing kiosks and suite of consumer apps, we help people capture and connect with the emotional moments that define all our lives. We’re helping unlock the power of digital transformation in our work and in our lives, through expert imaging science and innovation. We work behind the scenes, making the connections, pushing the boundaries of technology and helping consumers to make sense of and exploit the ever-expanding volume of data that is the hallmark of the 21st century.
*EBITDA – Earnings Before Interest, Tax, Depreciation, Amortization