Xeikon has attributed its disappointing first-quarter results to the dearth of business from Xerox.


Xeikon president and chief executive Alfons Buts said: "This was another difficult quarter for Xeikon. As forecast, our colour business was affected by the complete lack of equipment purchases by Xerox."


Revenues were down 17% to 23.5m ($33.6m) and Xeikons pre-tax losses more than doubled to 7.7m.


While colour equipment sales under the Xeikon brand name increased 34%, sales to OEM partners fell by 80%.


The firm said the deterioration was compounded by the 7% appreciation of the dollar against the euro, its functional currency.


It will concentrate on the DCP 500 D to improve sales and margins.