EskoArtwork Strengthens Its Business During First Half of 2010
Headquartered in Gent, Belgium, EskoArtwork, a supplier and integrator for packaging, printing and sign and display solutions, reported a strong performance during the first half of 2010. Consolidated revenues for the first half of 2010 amounted to 84.9 million euro, an increase of 25 percent over the first half of 2009 and an increase of 7 percent over the same period in 2008. EBITDA for the first half of 2010 ended at 17.0 million euro, a 149 percent improvement over the same period of 2009 and 42 percent higher than the results of the first half of 2008.
Revenue for packaging products increased by 27 percent compared to the first half of 2009 and by 8 percent compared to the first half of 2008. Customer services revenue for the entire business went up by 18 percent and 15 percent compared to the first half of 2009 and 2008, respectively.
Every region has shown excellent growth ranging from 26 percent in Europe, 21 percent in Asia Pacific and 16 percent in North America (excluding the exchange rate effect of the US$ to Euro).
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