(News Bulletin 247) – The specialist in printing and digital finishing solutions anticipates a clear improvement in its main financial indicators in 2024, supported by a rebound in its activity in the second half of the year. The group also says it is approaching the exercise which has just begun with confidence.

MGI Digital Technology made a strong impression this Tuesday, January 14 on the Paris Stock Exchange, jumping 7.80% after announcing that it expected 2024 results higher than its initial projections.

Based on preliminary figures, the specialist in digital printing and finishing solutions, forecasts growth for the 2024 financial year which should be more than 35%, allowing it to anticipate a turnover of more than 65 million euros.

After a first half-year increase of 6.3%, the group, which markets high-end printing equipment and services to a diversified clientele (printers, packaging manufacturers, adhesive label manufacturers, web-to-print specialists, administrations, photo brands, professional photographers, etc.), says it has noticed an acceleration in its activity in the second part of the year.

MGI Digital Technology’s activity between June and the end of December benefited from the first transformations of orders placed during the Drupa trade fair, which is the high event for players in the printing technology industry. The company’s sales also benefited over the period from the integration of the Altix company, but also from compensation of 10 million euros linked to the settlement of a dispute concerning patents for its benefit.

A “renewed confidence”

MGI Digital Technology also suggests that these positive factors will drive the results for the year, with an operating margin expected to be around 15%. The net margin should exceed 14%.

The industrial group says it is approaching the 2025 financial year with “renewed confidence”, without giving quantified forecasts. The company expects its diversification into printed electronics markets to provide it with “promising prospects” in new and growing markets.

“The success of our 2024 financial year demonstrates our ability to respond to the growing demand for ever more efficient technological solutions adapted to the challenges of the professional digital printing market. In this sustainably buoyant market, we have been able to establish ourselves among the first ranks of global players thanks to a strategy of continuous innovation as close as possible to the challenges of our customers. We are today ready to continue on this path in the growth and progression of our results”, rejoices Edmond Abergel, president of. MGI Digital Technology, cited in a press release.