Xeikon Releases Half-Yearly Report

Xeikon has published its half-yearly report for 2013. According to the report, sales during the first half were €57.6 million (H2-2012: €56.4 million). The group’s operational cash flow (EBITDA) increased during the same period to €12.6 million (H1-2012 €10.1 million). The net profit for the first half of 2013 was €7.3 million, compared with €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 €12.6 million (H1-2012: €10.1 million).
• This increase is a consequence of the higher sales, a better product mix and strict cost management.