Product category:
Printing Pre-Press Systems and Materials (Repro, Platemakers, CTP, Workflow, Document Management, Design Software, etc.)
News Release from: Artwork Systems
Edited by the Printingtalk Editorial
Team on 25 May 2006
Artwork Systems' Results Show Revenues
Growth
Artwork Systems Group's financial results for the second quarter and the first semester of its financial year 2006, showed revenues for the second quarter of EUR12.55m, an increase of 11.06 per cent.
Artwork Systems Group's financial results for the second quarter and the first semester of its financial year 2006, ended March 31showed revenues for the second quarter of EUR12.55m, an increase of 11.06 per cent That compared to the EUR11.30m in the second quarter of 2005, and net income amounted to EUR3.03m, a decrease of 0.85 per cent compared to the EUR3.05m in the second quarter of 2005
This article was originally published on Printingtalk on 25 Apr 2005 at 8.00am (UK)
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Consolidated revenues for the first semester amounted to EUR24.57m, an increase of 4.04 per cent compared to the EUR23.61m in the first half year of 2005.
Net income amounted to EUR6.37m, up 8.10 per cent compared to the EUR5.89m for the first semester of 2005.
Net income amounted to EUR6.37m, an increase of 9.02 per cent compared to the EUR5.84m for the first semester last year.
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Artwork Systems Group will use Drupa 2004 to show its entirely re-vamped product range.
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The latest investment in Artwork Systems equipment by the LS Group has taken the total number of seats of Artpro in use throughout the group to 17.
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Artpro from Artwork Systems has established itself in the packaging industry and is increasing its presence for companies operating in other markets.
Artwork Systems said sales results were beyond expectation at Graphitec 2006, the French exhibition for the graphic arts industry.
Order intake for Graphitec amounted to EUR450,000, primarily from sales of Odystar Packaging, which was officially launched in France during the exhibition.
The company has confirmed that its outlook for this fiscal year of annual revenue between approximately EUR48.5m and EUR50m, with a net profit between approximately EUR12m and EUR12.5m.
The company has also signed a commercial partnership with Punch Graphix, which designs, develops and delivers digital printing and pre-press systems for the global graphics industry through its Xeikon and Basysprint brands.
Under this partnership, Artwork Systems and Punch Graphix promote each other's products and inform each other when prospects or clients are interested in investing in a Basysprint CTP or front-end packages for the packaging and high-end commercial printing segments.
Artwork Systems has also formed a partnership agreement with Stork Prints with the aim of enhancing the workflow in the pre-production stages of Stork's direct laser engraving process.
Stork Prints develops and produces (as the only company in the world to do so) rotary screen-printing systems and digital systems for all process steps in the printing process, both for the textile and graphic printing market.
Under the agreement, Stork Prints will enable all engraving systems to be fully compatible with Artwork Systems' Nexus RIP (raster image processing) workflow system for label and packaging.
At the same time, both Artwork Systems and Stork Prints will establish a working group dedicated to further development of the software and workflow for laser engraving technology.
During the first semester of this year, the split in revenue showed that the Artpro product range amounted to 19 per cent of total sales, the Nexus product range amounted to 23 per cent, Odystar produced 5 per cent of total sales and the Enfocus product range amounted to 21 per cent, whilst services contributed 32 per cent.
The percentage of revenues for each regional market remained relatively stable.
The share of the Americas decreased from 41 per cent to 40 per cent, whilst Europe increased from 52 per cent to 53 per cent.
Asia's share increased from 4 per cent to 5 per cent, whilst the rest of the world decreased from 3 per cent to 2 per cent.
The increase in the US dollar had a positive impact of 3.2 per cent on the revenue during the first semester.
The financial loss is due to the decrease in the US dollar on balance sheet date with a direct impact on net profit, said the company.
Guido Van der Schueren, Artwork Systems' chairman, commented: "Driven by strong demand for our new products, our business groups continue to perform well.
In addition to our healthy financial results, we are making rapid progress integrating Artwork Systems' and Enfocus' business, creating new prospects for future growth." During last July, Artwork Systems Group started implementing its share buy back programme, approved by the annual shareholders' meeting last January.
On March 31, this year, EUR1.03 was accounted for as Treasury Stock (deducted from equity), representing 96,525 shares.
The shareholders' meeting in January approved a dividend payment of EUR1.00 gross per share, which was paid to the shareholders on April 3.
At the end of April, Artwork Systems moved its Ghent headquarters to a new location, the Artwork Toren (previously known as the UCO Toren) in Ghent (Belgium).
The Enfocus division moved to the same location during the month of May.
All employees together occupy six floors in the building.
An official opening will follow later in the year.
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