EFI revenue up

EFI has recorded record fourth quarter revenue of $269.2m, up 1% compared to fourth quarter 2016 revenue of $266.7m. For the year ended 31December, 2017, the company reported revenue of $993.3m, up 0.1% year-over-year compared to $992.1m for the same period in 2016. But, cashflow from operating activities was $51.3m, down 58% compared to $121.0m during the same period in 2016.

“The performance of our direct business drove record quarterly and full year revenue for EFI. We look for this growth from inkjet and software to accelerate in the first quarter,” said Guy Gecht, CEO of EFI. “The EFI team is energised as we enter 2018, with a year full of new product introductions across the company and Nozomi on track for a strong first year in the corrugated market.”