Nyomda’s revenue increased by nearly 30 percent in the third quarter compared to the same period of the previous year – the company revealed today, published after the market closed from his quick report.
The growth was greatly helped by export sales, which jumped by 85 percent in the period and accounted for more than 43 percent of net sales in the July-September period.
Nyomda’s CEO, Gábor Zsámboki, said in the company’s statement that international interest in Nyomda’s travel documents has noticeably increased. Nyomda exports its products based on patent-protected security solutions to 51 countries. They signed a 10-year contract for the supply of the Angolan passport system, the total amount of which is 130 million euros. The expansion in the export book market is successful thanks to the employees in Gyoma, the company added.
|The main result lines at ANY Security Press|
|of which export revenue||2772||5130||85,1%|
|weight of export sales||30,2%||43,1%||+12,9pp|
|operating profit level||13,7%||6,7%||-7.0pp|
|Source: ANY Security Press, Portfolio|
Within the product segments, the sales of security products and solutions increased the most compared to the same period of the previous year, the change was mainly caused by the increase in sales of paper-based forms and paper-based documents with security elements. The sales revenue of traditional printing products also increased by double digits, which is due to the higher book turnover, the company’s quick report reveals. In the line of other revenues with a small weight, Nyomda also registered a significant increase, this segment mainly includes revenues from the sale of commercial materials and goods.
|Development of quarterly revenue by segment|
|security products, solutions||2494||4501||80,5%|
|card production, personalization||3517||3622||3,0%|
|production of forms, personalization, data processing||2525||2637||4,4%|
|traditional printed products||496||560||12,9%|
|Source: ANY Security Press, Portfolio|
On the other hand, the company reported a significant decrease in earnings as a result of increased raw material and energy prices.
Operating profit decreased by 37 percent in the third quarter compared to the base period, and EBITDA fell by nearly 16 percent. The net result was HUF 386 million, which is almost a 60 percent drop from the outstanding level of a year earlier.
Difficulties in supply chains, rising paper, paint, polycarbonate and chip prices and labor costs, as well as increased energy prices as a result, the result decreased significantly, compared to the corresponding period of last year – the company’s CEO, Gábor Zsámboki, explained the decrease in the result in the quick report.
The company manager added that the negative effects will be mitigated with efficiency-enhancing and energy-saving measures. The company is continuing the modernizations started for the sake of energy efficiency, and the investments for the renewable energy production system have been started.
The price of Nyomda fell by 6.5 percent this yearwhich outperformed the Hungarian stock market, as BUX lost 12 percent of its value in the meantime.
Cover image: Getty Images
Source: Portfolio.hu – Üzlet by www.portfolio.hu.
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