MGI Earnings Translated
Revenue growth of nearly 22 %
The consolidated turnover of MGI Digital Graphic for fiscal 2013 amounted to € 33.1 million,
up 21.9 % compared to fiscal 2012.
This turnover Ceradrop integrates over 12 months. The company , which was acquired in September 2013 and specializes
in professional printing equipment for Inkjet printed electronics and 3D
displays a turnover of € 1.8 million in 2013 , up 36.1% compared to 2012 .
At constant scope, sales of MGI Digital Graphic amounted to € 31.3 million , up
15.2% , compared to 2012 , perfectly in line with the target set for the year.
The good performance of the year were carried by all geographic areas.
At the international (73% of sales for the year) , the growth was 22.2% ( 18.2 % to
constant perimeter ) with a turnover of € 24.1 million . In France , growth is also at
appointment with a turnover of € 8.9 million , up 20.9% (+7.1% at constant scope) .
Strong earnings growth
This sustained growth is part positively in the consolidated results for the year , a sharp
progression .
Gross profit increased 22 %, in line with the growth of turnover.
The EBITDA increased by 29.8 % to € 9.5 million.
Operating expenses remain fully mastered. Personnel expenses totaled
17.9% of sales against 20 % in 2012. External loads , incorporating investments
always important commercial and marketing, represent 24.1% of sales against 26.9%
in 2012.
In total, consolidated operating income increased 22% to € 7.1 million, representing an operating margin
21.6 %. Ceradrop contributes to this outcome for 71 K € .
Net income increased 28.2 % to almost € 5.4 million. It represents 16.2% of sales
the year against 15.4% in 2012.
Financial position further strengthened
MGI Digital Graphic is based on a financial position strengthened further with more than 34 M €
equity and cash of € 6.7 million . These figures do not include € 13.7 million raised in
part of the capital increase carried out in connection with the strategic alliance with
Konica Minolta in January 2014.
Ready for 2014
MGI Digital graphic approaches 2014 with confidence after acquiring Ceradrop in September and
Strategic alliance in January with Konica Minolta . With these two operations , the Group
strengthened its traditional market of digital printing and is positioned in the market
promising Electronics Printed and 3D printing should take its measure in three to
five.
Beyond these breakthroughs , the activity of the coming months will be supported by new
launches Equipment Laser and Inkjet already programmed and the presence of the Group in
several major International exhibitions (particularly IPEX London, the second European show
after the dedicated graphic that had gathered at its last edition in 2010 Drupa 95000
Visitors to 135 nationalities).
In light of these factors and quality of the order book at the beginning of the year, MGI
Digital Graphic sets a target of 15% growth for the year
