A sales growth of approximately 22 percent over the previous year helped GIDUE post a turnover of over 28 million euros (about $US40 million) for the year 2006/2007. “Our turnover shows a visible growth of sales in the high-end range of Intelligent presses like the I-Combat, Athena and the hybrid offset/flexo Xpannd,” says Federico d’Annunzio, president. “The strong financial situation allows us to invest in further new technology programs, and to start international expansion of service and manufacturing. This includes the creation of GIDUE do Brasil, GIDUE Australia and new facilities which will be announced in the following months.”
The company is optimistic about trading conditions in the current fiscal year, encouraged by orders for narrow and mid-web presses experienced at Labelexpo.