The digital imaging and plate technology manufacturer saw sales of its imaging technology to the Quickmaster down by 5.8m ($10.8m) compared to 2002.

But overall the new technology business, which consists of all other business other than the Quickmaster DI platform, grew by more than 40% in 2003.

In the year to 3 January 2004 Pressteks revenue increased 5% to 47m. Income from continuing operations before tax was 3.6m, compared to a loss of 4.5m the previous year.

Presstek president Edward Marino said: While overall revenue grew by only 5% in 2003, this does not tell the whole story. Pressteks New Technology Business, which consists essentially of all other businesses other than the Quickmaster, grew by more than 40% in 2003.

Revenue from equipment sales grew 20% to 15.7m primarily from sales of Ryobi DI presses and record sales of Pressteks Dimension CTP series. Revenue from consumables sales fell 3% to 27.9m, due to a decrease in sales to Heidelberg. However, this decrease was partially offset by sales of Pressteks Anthem plate and Ryobi DI press consumables.

* Presstek will launch a laser imaging platform at this Mays Drupa exhibition. The ProFire Excel, which can support a 16-micron dot and stochastic screening, will be available to be incorporated into digital presses and CTP products.

by John Davies