EFI revenues show slight improvement

February 5, 2018

EFI has released its financial figures for its fourth quarter ending 31 December 2017, which show revenues up slightly by 1 percent to $269.2 million over the same quarter from the previous year. There was an overall net loss according to generally accepted accounting practices, or GAAP, of $25.4 million, which is particularly disappointing given that EFI made a net income of $19.9 million for the same period in 2016. Cash flow from operating activities was $8.9 million, down 86% compared to $65.2 million during the same period in 2016. Continue reading “EFI revenues show slight improvement”

Heidleberg hits half year mark

November 14, 2017

Heidelberg has released its financial results for the first half of its financial year from April to September, recording a net result after taxes of €28 million, the first profitable half year in ten years, demonstrating the strategy of turning to digital technology to turn the company around is paying off. Continue reading “Heidleberg hits half year mark”

EFI to sell Jetrion label line (Updated)

November 1, 2017

EFI has revealed it is in the midst of selling its Jetrion inkjet label presses business whilst reporting disappointing figures for the third quarter of this year.

Guy Gecht, CEO of EFI, speaking at the company’s Drupa 2016 press briefing.

Continue reading “EFI to sell Jetrion label line (Updated)”

Heidelberg hits sales targets

May 8, 2017

Heidelberg has published its Q4 and end of year figures for last year showing its best quarterly sales and result since 2008, albeit based on preliminary figures. This means that Heidelberg has achieved its stated objective for the year as a whole, indicating that its strategic move to embrace digital technology is paying off. Continue reading “Heidelberg hits sales targets”