Thursday , October 17 2019
Home / hungary / The profit for ANY Printing increased

The profit for ANY Printing increased

During the third quarter, growth in profit after tax was recorded during the sales increase at ANY Press.

Although some security pressures increased dynamically during the third quarter, net earnings show only a slight increase – according to a statement released yesterday in the interim report. The July-September period saw a turnover of 7.5 billion, which is 17.5 percent above the base value. Sales are on an increasing track, with sales for the first nine months of the year 24.5 percent higher than last year.

Under the leadership of the company, capacity expansion is crucial to increasing the profit for the year, in addition to research and development. As a result of its onset of property development, they will be able to provide more high-capacity machines in the future, which will contribute to continued growth in both export and domestic markets over the next few years.

Photo: MTI / Szigetváry Zsolt

Gábor Zsámboki, CEO of ANY Security Printing House Plc., Emphasized that the better conditions reduce costs and hope that it will be reflected in the results as well.

In exports, exports represent 34 percent this year. The trend continued with the increase of material costs higher than sales growth. This is partly explained by the fact that the EBITDA margin for ALL printings decreases slightly: this year it is almost 10 percent higher than 12 percent last year. Based on the figures so far, it seems that the cost of materials that rise by 33 percent this year can be offset by the cost of personal services, where the printer "just" increased its expenses by 20 percent.

The entire article can be read in Wednesday's edition of Világgazdaság

Source link