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Esko reports 2005 growth above 15 percent

April 18, 2006

Esko, a manufacturer of packaging prepress systems headquartered in Gent, Belgium, reports growth in excess of 15 percent for 2005. Net revenues for the year totaled €116.6 million ($143.1 million). Carsten Knudsen, president and CEO, says all of the company’s product lines enjoyed increased sales; Kongsberg CAM tables and Scope workflow servers had the highest growth rates. Business advanced in all sales regions, he adds, with Asia and North America being the strongest performers.

"In 2005, we have maintained our leading market share in digital flexo, and saw a remarkable business development in short run converting and signmaking areas," adds Knudsen. "Unit shipments of Kongsberg cutting and creasing tables increased by more than 50 percent compared with the year before. We also enjoyed a rapid market penetration with Scope, our integrated pre-production software suite: not only specialized tradeshops, but increasingly converters and consumer product companies (CPCs) broadly adopt Scope components for their graphic and structural design work and workflow automation projects."

Converters accounted for 58 percent of all system sales in 2005, with 40 percent going to trade shops and 2 percent to comsumer products companies and retailers. Software products and the associated application support represented 35 percent of sales; the rest was for hardware products and related services.

"I am happy to report that we have started 2006 along the same lines, with net revenues for the first quarter that are expected to be 16 percent over the same period in 2005," says Knudsen.