Datacolor is one of the leading international suppliers of software and hardware systems for color measurement and communication. The company is the global market leader in products for the textile industry as well as digital color management solutions for displays and printers. In fiscal 2012/13, Datacolor further expanded its strong market position in key segments such as the automotive industry, plastics industry, and paint and dye manufacturing in the specialty chemicals sector. The headcount increased by 20 to 350 full-time equivalents, largely due to the expansion of the sales and marketing organization.
Increase in sales and net income
In fiscal 2012/13, Datacolor increased consolidated net sales by a significant 9% to USD 61.2 million (2011/12: USD 55.9 million). EBITDA came to USD 6.8 million as in the previous fiscal year and EBIT amounted to USD 5.2 million (USD 5.4 million). Net income grew by 8% to USD 4.5 million (USD 4.2 million). Datacolor is debt-free and has cash and financial assets of USD 29.6 million (USD 24.6 million) and a strong balance sheet with a high equity capital ratio of 63% (64%). In view of the planned expansion of the company with additional investments in product development, marketing and the ongoing expansion of the sales organization, the Board of Directors of Datacolor is proposing to the general meeting of shareholders that a dividend of CHF 11 (2011/12: CHF 11) be distributed.
Strong growth in Asian and American markets
The Asia Pacific region generated 32.9% of sales in fiscal 2012/13 (2011/12: 31.3%), continuing to gain in significance compared with Europe, still Datacolor’s largest market. North and South America accounted for 31.0% (30.2%) of sales. The substantial investments made in expanding the direct sales organization helped to drive this significant growth, in particular in China. Demand from the textile industry picked up substantially. Higher sales were reported most notably in Asia and South America. In Europe, sales remained stable despite continuing weak demand.
Datacolor continued investing in product development to increase the number of product launches. For the textile industry, Datacolor launched “Viewport,” a pioneering camera-based system for global market suppliers and retail chains that allows a precise color quality assessment of multi-colored patterned material samples and leads to an increase in efficiency in the procurement process. The launched “SpyderCAPTURE PRO” is a high-precision, easy-to-operate color management tool for photographers and designers. With “Spyder Gallery” for iOS and Android systems, Datacolor offers a unique solution that delivers high quality reproduction of color images on mobile devices such as tablets and smart phones.
Increased investments in sales and marketing organization
As part of the strategy drive, Datacolor made sizable investments by expanding its marketing, sales and service organization and is thus strengthening its presence in growth markets. In Europe, the imaging sales structures were streamlined. Datacolor also set up a sales and service organization in the emerging market of Turkey. In Brazil a company is being established.
It is the goal of the Board of Directors and management of Datacolor to further consolidate its strong market position and increase sales. In the new fiscal year, Datacolor will therefore be considerably increasing the research and development spend as well as investing additional funds in the selective expansion of marketing activities and the sales organization in order to speed up the development and market launch of new products. Datacolor’s solid financial situation, its efficient customer-focused organization and new products equip the company to achieve the ambitious growth targets in a stable economic environment.
The full Annual Report for fiscal 2012/13 is available on: http://www.datacolor.com/en/content/reports
Lucerne, November 15, 2013