Profits grew in line with expectations, compared to a net loss of €4.9m in 2007.
Sales rose to 163.4m euros from €114.6m the year previous, with the company's digital printing solutions sector growing 10% to €119,692 for 2008.
The sales of its pre-press products to the newspaper market dipped 38%, which had a 7% negative impact on total sales, while pre-press products for the commercial sector, supplied under the basysPrint brand, grew 45%.
On a comparable basis for 2007, profits were €15.7m taking into account the full consolidation of Punch Graphix International and the exclusion of its discontinued EMS and RMS operations.
Matthews said: "While 2008 started well, it tailed off a bit towards the end and this year will be even more challenging.
"The focus now is to grow the business and importantly retain the market share we already have in order to remain stable."
Matthews said he plans to expand the company's business operation by, in part, leveraging the capabilities of its Xeikon 8000 machine, launched last year.
It is capable of speeds of up to 230 A4 pages per minute or 13800 A4 pages per hour at a resolution of 1200dpi.
"We need to push the capability of the press into the transpromo arena as it lends itself well both in output and quality," he said.
"While there is a hesitance to invest, we're seeing a lot more interest in our products, especially from litho printers that are now deciding it's time to take a look at digital."
See also
Punch half year results stable
