Flexible Electronics News

SMARTRAC Reports 1Q 2013 Results

Sales of 64.7 million euro represent an increase of 28% from Q1-2012

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SMARTRAC N.V. announced financial figures for the first quarter of 2013. The positive market development experienced in 2012 continued in the first quarter of 2013 and led to a favorable growth in revenues from January to March 2013. The increase in production and sales volumes was, however, accompanied by a further shift in the product mix and a related strong increase in inventories and stock to satisfy short-term demand in emerging RFID application fields. Total sales increased by 28% ...

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