EFI reports record results

Revenue for the whole of 2013 increased 12 percent to a record 728 million USD, with the fourth quarter figure also reaching a record total of 197 million USD and double-digit growth reported across all business segments and regions during that three-month period.

For the three months ended December 31, 2013, EFI saw revenue from its Industrial Inkjet business grow from 86.2 million USD to 99.2 million USD, with Productivity Software seeing a growth from 29.4 million USD to 33.6 million USD. Fiery grew from 58.5 million USD to 64.4 million USD.

Across the year to December 31, 2013, all three business segments saw strong growth; Industrial Inkjet from 320.2 million USD to 354.6 million USD, Productivity Software from 103.5 million USD to 118.4 million USD and Fiery from 228.4 million USD to 254.7 million USD.

By region, the Americas remained EFI’s biggest in terms of revenue by a considerable margin, reaching 115.3 million USD in the fourth quarter and 412.1 million USD across the year. In the EMEA region, the revenue totals were 55.5 million USD and 207.7 million USD, while in APAC they reached 26.5 million USD and 107.9 million USD for the quarter and year respectively. The Japanese market was the only one to show negative performance in EFI's 2013 results, with revenue there falling from 5.6 million USD in the fourth quarter of 2012 to 4.6 million USD in the same period of 2013. Year-on-year, the revenue total fell from 27.9 million USD in 2012 to 22 million USD in 2013. However, revenue derived from APAC excluding Japan still grew from 18.2 million USD to 21.9 million USD in the fourth quarter and 74.8 million USD to 85.9 million USD for the full year.

EFI chief executive officer Guy Gecht said: ‘The EFI team delivered a record fourth quarter with strong execution, driving double-digit growth across all segments and regions and capping a terrific 2013.

‘Looking ahead, we are excited about our opportunities from the ongoing migration of analog to digital printing, and continue to be very focused on helping customers become more productive and competitive.’