Esko Sees Growth in Second Quarter

Published: September 18, 2006, By pffc-online.com

PRESS RELEASE

GENT, BELGIUM—Esko reports a 17% increase in consolidated net revenues compared to the first quarter of 2006, and an increase of 7.5% compared to the second quarter of last year. For the total first half of 2006, Esko's consolidated packaging business increased by 15% over the same period in 2005, whereas EBIT has more than quadrupled. In addition to the EBIT increase, the net working capital at the end of the second quarter further decreased compared to Q1 and to last year.

Revenues from the European, North American, and Asian markets all grew by around 15% year-over-year. Sales for Esko's Cyrel Digital Imager (CDI) product line in the second quarter doubled. Compared to the first half of 2005, flexo CTP business increased by 40% and sales of pre-production software and CAM tables both grew by 20%.

See esko.com.