Havelock Europa reports growth in revenue

By Tom Hall, Tuesday 08 April 2008

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Havelock Europa, the interior and point of sale (POS) group, has announced another year of financial progress and announced further machinery investment plans.

The Fife-based listed company, which owns Showcard Print and Showcard Display, this morning (8 April) reported a pre-tax profit increase of 23% and a revenue increase of 9% from 1 January to 31 December, 2007.

It remains optimistic about the POS market following Showcard Print's purchase of a four-colour KBA Rapida 205 last May.

Havelock Europa finance director Grant Findlay said: "We've seen a lot of positive growth after installing the KBA and are now in the process of researching digital kit with a view to investing later this year."

Havelock Europa operates in the retail, education and point of sale markets. Print accounts for an estimated 20% of the group's income.

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