Wide-format printer manufacturer NUR has issued a profit warning following lower than expected sales in the US.
The firm said it expected to break even for the first quarter 2001 before taking account of a one-off 1.75m ($2.5m) restructuring charge.
"Our sales in the US have been strongly affected by the current economic uncertainty," said president and chief executive Erez Shachar. "We continue to witness growth in other regions." Sales are expected to be up 44% on last year at 22m.
It is cutting its costs to reflect the slower growth, but continues its planned investments in R&D, servicing, training and quality control. "This situation is only temporary and does not reflect a structural change in our industry," said Shachar.
Have your say in the Printweek Poll
Related stories
Latest comments
"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
Further breathing space
'Serious group' interested in Highcon, new deadline set
Automation welcomed
Colourbridge enhances efficiency with new Duplo multi-finisher
New business unit includes OpSec
