Datacolor stable in fiscal 2010/11
Datacolor's revenue remained stable in fiscal year 2010/11. The company maintained its revenue at 55.5 million U.S. dollars.
Consolidated net sales in US dollars amounted to 56.1 million dollars in fiscal year 2009/10. Datacolor's EBIT and net profit in the 2010/11 financial year amounted to 4.7 million and 3.8 million dollars respectively. Datacolor is the global market leader in the textile sector and with solutions for calibrating monitors, the company said in a statement on Tuesday. Datacolor is also strengthening its market position and customer proximity in other key markets such as the automotive and plastics industries and the specialty chemicals sector, which produces paints and coatings, by investing heavily in new products and expanding its own sales organization.
According to Datacolor, the result was impacted by a year-on-year increase of around a third in research and development expenses as well as additional, non-recurring personnel costs in connection with organizational adjustments and the strength of the Swiss franc. EBITDA amounted to 6.0 million dollars, compared to 6.4 million dollars in the previous year. In view of the good financial situation, the Board of Directors will propose to the Annual General Meeting that a dividend of CHF 10 be distributed for the 2010/11 financial year.
In the reporting period, the Asia-Pacific region's share of sales increased to 30.4%, North and South America contributed 28.2% and Europe remained the largest sales market with a share of 41.4%. The average number of employees increased by 20 to 278 full-time equivalents due to the expansion of business activities.
