Despite the costs of acquiring Best, Printcafe and T/R Systems, net income for the year rose 39% to 14.4m ($26.5m) on sales up 8.3% to 207m.
Net income in the fourth quarter, when the T/R Systems and Printcafe deals were completed, fell 86% to 600,000 on sales up 19% to 59m. For the first quarter 2004 the firm expects revenues of 56m.
We finished 2003 with an encouraging level of business activity and weve started 2004 with a strong growth outlook, said EFI chief executive Guy Gecht.
The firm is consolidating its products and services under the EFI umbrella and has dropped the Electronics for Imaging name.
Have your say in the Printweek Poll
Related stories
Latest comments
"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
Up next...

Increased sales first time around
Coca-Cola revives ‘Share a Coke’ campaign

Pingen automates print buying
Automated document printing service launches in UK

German partner was expected to boost sales
Revealed: Highcon came close to German investment deal

Started new role on 1 April