Nur Reports Q3 Earnings, Positive Long-term Outlook
Press release from the issuing company
LOD, Israel, Oct. 4 NUR Macroprinters Ltd., a world-leading manufacturer of wide and super wide format digital printing systems and consumables, today announced it expects revenues of approximately $30 million for the third quarter of 2001 and breakeven net income.
The Company reported third quarter revenue of approximately $30 million, in line with expectations and similar to the previous quarter.
The Company reported an improvement in cash flow for the third quarter as compared to second quarter of 2001, reflecting the Company's global focus on cash flow.
Commenting on the development, Erez Shachar, President and CEO of NUR Macroprinters stated, "We remain positive in our long-term strategic outlook and growth prospects in the wide format digital printing market. We firmly believe that the replacement process of screen-printing by digital printing is 'inevitable' and that it offers the best and most cost-effective technologies. We believe we are well positioned to take advantage of the changing trends.''
The Company will release its third quarter results on November 7, 2001. The Company will also hold a conference call on the same day to discuss the results.
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