Group turnover rose more than 15%, from US$96.1m to US$110.8m, for the three months to 31 March, largely thanks to strong sales in EFI’s inkjet business.
Inkjet revenues grew 37% to US$43.8m, while the manufacturer’s Fiery business also grew 7.9% to US$53m. Sales in the company’s APPS division fell marginally from US$14.9m to US$14m.
The vendor’s US$9.7m pre-tax loss for Q1 compared with a US$55.9m profit in Q1 2009, which followed a US$79.4m gain on the sale of part of its California site. Its operating loss fell significantly, from US$23m to US$7.4m.
Anthony Parnemann, EFI country manager for Australia and New Zealand, told ProPrint that the region had made a “positive contribution” to the vendor’s overall results.
“Inkjet performed very well with excellent sales of the Vutek QS series,” Parnemann said. “We also saw good sales of Fiery, web-to-print, and proofing software.
“Q2 is also shaping up to be another good quarter with a strong showing expected for IPEX and Fespa.”
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