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FFEI benefits from its long-term focus on price/value

Thursday, February 05, 2009

Press release from the issuing company

Hemel Hempstead, UK -- Ending its third quarter, FFEI reported revenue growth of almost 10% year-on-year, accompanied by a significant improvement in profitability. This positive result is due to healthy exports from CTP and inkjet products.

Andy Cook, Managing Director, commented, "We could not have predicted the difficult economic times, but our long-term strategy of lowering the price threshold for high quality CTP has paid real dividends. FFEI's business is based almost exclusively on export, so our strong product range, combined with recent currency movements, has seen us capture significant market share in some of the world's major developing countries. This trend is currently continuing with several major contracts signed in our third quarter for India and China."

Having recently completed the move to new facilities in Hemel Hempstead, FFEI is positioned to continue to capitalise on new opportunities in world markets. "We will maintain high levels of R&D investment in both our CTP and inkjet lines. With R&D and manufacturing in the same plant, and the financial confidence provided by a full order book, we are making further steps to sustain our sales momentum. We hope our next success will be in newspapers, where our Alinte News 930 is probably the most cost-effective solution available today."




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