Graphic Systems was hit by a 6.2% fall in sales to 267m. Its total share of Agfas revenues was 38%, slipping just below Technical Imaging.
Results for the first nine months showed pre-tax profits up nearly 800% to 146m, despite a 5% reduction in sales to 2.2bn.
UK director graphic systems Laurence Roberts said: Weve made more money in the first nine months than we did last year.
The move to digital imaging technologies showed rapid growth of 27% in the first nine months of the year, taking the total percentage of sales to 35% (26%).
Sales and admin costs were cut by 9% and increased productivity raised gross margins 13% to 43%.
In the nine months the firm booked 43m of restructuring charges as part of Horizon, and will book the remaining 27m in the fourth quarter.
One thing that strikes me about the situation at MCSi, KPG and Heidelberg is that we recognised the need to act and made the decision to make cuts earlier, said Roberts.
In the UK he said October was a record month. Some other suppliers have also noticed that things were starting to pick up last month.
