RISI Reports Price Increases by Lecta, Burgo

For the first quarter ended 31 March 2018, Lecta had revenue of €375.4 million versus €376.3 million in the first quarter ended 31 March 2017, a decrease of €0.9 million or -0%. EBITDA decreased by €4.9 million, or -16%, from €30.2 million in 1Q2017 to €25.3 million in 1Q2018. Click Read More below for additional information.

We’re delighted to welcome Shawn Crandall to the KNA Team! Shawn brings to Kernow a wealth of knowledge with 30+ years’ experience in the Wide Format industry. Shawn has owned a wide format supply company, sold large format printing devices for Canon, and has been a corporate specification manager at Avery Dennison Graphics Solutions. He was also Applications Engineer, Product Manager and a Sales Manager for HP Large Format. He has also been a graphics production manager and owned a signage and graphics company in San Jose, California. We’re confident that the addition of Shawn will help to meet our customers goals in Wide Format products applications and complete value-added solutions.

THIRD QUARTER HIGHLIGHTS *Delivered strong performance in the quarter, with price realization helping offset inflation *Net sales of $539 million, up 20% compared to the third quarter of last year *Net income of $21 million, or $1.21 per diluted share *Continued to reduce net debt, with nearly $106 million reduced year to date