Kodak Reaffirms Plan to Be Profitable Starting in 2012

Between 2011 and 2013, the company expects revenue from these businesses to more than double, with annuity sales, from ink and consumables, growing as a percentage of revenue. In 2013, Kodak expects revenue from these businesses will approach $2.0 billion, with positive earnings.

On the consumer side, this performance will be driven by an expanding portfolio of innovative and differentiated consumer inkjet products that will be sold through an expanding global retail network. During 2010, Kodak outpaced the market in consumer inkjet printer sales by growing 45 percent, while maintaining a 30 percent price premium. During 2011, Kodak expects to grow printer unit sales by 50 percent and to again double ink gross profit dollars.