Epson Philippines Corp. said it expects to sustain a double-digit growth this year amid a strong domestic economy.
“We expect the growth rate will continue for this year because we’re seeing a lot of infrastructure spending and there’s a lot of interest in the economy. We still expect to achieve good growth for the coming year. I can’t give you the exact number but we’ve been growing double-digit for the past five years,” Epson Philippines senior general manager and marketing director Eduardo Bonoan said in an interview.
The Philippine economy grew 6.8 percent last year and is projected to expand between 7 percent and 8 percent this year.
Epson Philippines Corp. said sales would likely grow at double-digit in the fiscal year ending March 2018, after posting a 21-percent increase a year earlier, driven by strong demand in the provinces.
“We’ve been very dependent on the growth of the economy, so I think we’re quite bullish. The growth will probably be spurred by a lot of activities that we’ve been doing for the past years,” Bonoan said.
The company continues to gain market traction and achieve leadership position in key segments, driven by the company’s focus on the B2B segment and developing its core technologies in four key pillars of innovation – inkjet, visual communications, wearables, and robotics.