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Esko reports 11 percent increase in 3rd quarter

November 8, 2006

Esko, of Gent, Belgium, a packaging prepress systems producers, reports an increase in net revenues of 11 percent for the third quarter, over that of the same period last year. Eliminating sales from discontinued products to other markets, packaging revenues increased by 13 percent year-over-year, the company reports.

New system sales (excluding services) grew by 29 percent compared with the same quarter in 2005. The EBITDA margin for the quarter was above 11 percent, according to an official company statement.

During the first nine months of 2006, Esko’s packaging business grew year-over-year by more than 20 percent in Europe and by close to 15 percent in the North American and Asian markets, the company reports.

From a product perspective, Esko’s flexo platesetter product line is the strongest performer, with worldwide sales increasing more than 50 percent year-over-year. Growth for Scope software and Kongsberg tables exceeds 15 percent.

“The continuation of our revenue growth in the third quarter indicates that Esko is capable of bringing the right integrated solutions to packaging designers and manufacturers worldwide, to help them take optimal advantage of new business opportunities in the market,” says Carsten Knudsen, president and CEO.

At the recent Labelexpo Americas in Chicago, Esko received the 2006 Label Industry Award for New Innovation.
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