07.28.14
Paris, France-based EOS Imaging reported solid second-quarter and half-year results.
For the quarter ended June 30, the company sold 11 EOS systems and generated revenues of 4.96 million euros ($6.75 million), an increase of 65 percent compared to the second quarter of 2013.
For the first half of the year, the company reported revenue of 7.12 million euros ($9.72 million), an increase of 45 percent. Europe and the Middle East sales for the first half of the year grew 41 percent to 3.22 million euros ($4.39 million). On the other end of the spectrum, sales in North America dropped by 55 percent to 1.18 million euros ($1.61 million). Sales in Asia, which the company most recently began were 2.72 million euros ($3.71 million) for January-June. Asia-Pacific sales helped to offset the drop in North America, officials noted.
Marie Meynadier, CEO of EOS imaging, said: “Our positive half-year performance reflects the ongoing adoption of our technology in new markets. Our excellent momentum in the Asian and European markets enabled us to register strong growth during the half-year despite a challenging environment for capital equipment in the North American market. We are pursuing our marketing strategy in order to ensure the increased adoption of EOS in the three major markets where we currently operate.”
The company markets its imaging equipment and services in 31 countries, including the United States, Japan, Canada, Australia and the European Union. For fiscal 2013 (ended Dec. 31) the company reported 15.2 million euros in sales and employed 101 people including an R&D team of 38 engineers. The Group is based in Paris and has subsidiaries in Besançon, France; Cambridge, Mass.; Montreal, Canada; and Frankfurt, Germany; and offices in Singapore.
For the quarter ended June 30, the company sold 11 EOS systems and generated revenues of 4.96 million euros ($6.75 million), an increase of 65 percent compared to the second quarter of 2013.
For the first half of the year, the company reported revenue of 7.12 million euros ($9.72 million), an increase of 45 percent. Europe and the Middle East sales for the first half of the year grew 41 percent to 3.22 million euros ($4.39 million). On the other end of the spectrum, sales in North America dropped by 55 percent to 1.18 million euros ($1.61 million). Sales in Asia, which the company most recently began were 2.72 million euros ($3.71 million) for January-June. Asia-Pacific sales helped to offset the drop in North America, officials noted.
Marie Meynadier, CEO of EOS imaging, said: “Our positive half-year performance reflects the ongoing adoption of our technology in new markets. Our excellent momentum in the Asian and European markets enabled us to register strong growth during the half-year despite a challenging environment for capital equipment in the North American market. We are pursuing our marketing strategy in order to ensure the increased adoption of EOS in the three major markets where we currently operate.”
The company markets its imaging equipment and services in 31 countries, including the United States, Japan, Canada, Australia and the European Union. For fiscal 2013 (ended Dec. 31) the company reported 15.2 million euros in sales and employed 101 people including an R&D team of 38 engineers. The Group is based in Paris and has subsidiaries in Besançon, France; Cambridge, Mass.; Montreal, Canada; and Frankfurt, Germany; and offices in Singapore.