Artwork Systems has said strong European growth in the third quarter was offset by the weak UK and North American markets.
Its third-quarter results show that although net income increased 8% to 6.33m (E10.1m) net profit fell 24% to 621,000.
Artwork Systems chairman Guido Van der Schueren said that this quarters figures were compared with the exceptionally strong Drupa quarter from last year. He added: Given the tough economic environment, I am pleased with our financial results for this quarter.
While there was strong growth in France, Germany and the Benelux countries, the company said it did not expect the British and North American markets to improve in the fourth quarter.
Have your say in the Printweek Poll
Related stories
Latest comments
"They should change their name to ‘pound less’ . 🙀"
"Hmmmm, compared to former glories maybe the Bedsit of Print with shared bathroom and kitchen."
"The closures affect Newcastle, Plymouth, Sheerness, Wellingborough sites, with Milton Keynes relocating and redundancies at other locations according to one newspaper."
Up next...
'Much-needed consolidation'
Encore Group acquires rival
Will be available in Japan and Europe first
Epson readies new cobot
Data collected at key milestones
Citipost Global launches milestone-tracked international mail service
Change honours the firm’s legacy