The printing press is suffering due to high raw material and energy prices

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
million forints 3Q21 3Q22 change
net income 9189 11905 29,6%
of which export revenue 2772 5130 85,1%
weight of export sales 30,2% 43,1% +12,9pp
operating profit 1262 794 -37,1%
operating profit level 13,7% 6,7% -7.0pp
net result 956 386 -59,6%
EBITDA 1658 1397 -15,7%
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
million forints 3Q21 3Q22 change
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%
other 157 585 272,6%
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.

*The article has been translated based on the content of Portfolio.hu – Üzlet by www.portfolio.hu. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!