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Xeikon releases half-yearly report

August 27, 2013

The report shows increasing sales accompanied by a strong increase in net profit.

Xeikon has published its half-yearly report for 2013. According to the report, sales during the first half were EUR 57.6 million (H2-2012: EUR 56.4 million). The group’s operational cash flow (EBITDA) increased during the same period to EUR 12.6 million (H1-2012 EUR 10.1 million). The net profit for the first half of 2013 was EUR 7.3 million, compared with EUR 4.6 million for the first half of 2012.

Other highlights of the report include:
  • Sales for the first half of 2013 were 2% higher than in the same period last year.
  • Digital Printing Solutions sales rose by 12% from their 2012 level, while Prepress Solutions sales fell by 26%.
  • Analysis per activity shows that equipment sales were up 8% compared with the first half of 2012.
  • Recurring income from consumables and service activities fell slightly, by around 2%.
  • The decrease in sales in Europe is mainly due to lower sales of Prepress Solutions. The sales growth reported for North and South America is mainly due to South America.
  • Compared with the same period in the previous financial year, EBITDA rose by 25% to EUR 12.6 million (H1-2012: EUR 10.1 million).
  • This increase is a consequence of the higher sales, a better product mix and strict cost management.
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