Flexible Electronics News

Novaled AG Announces 2010 Financial Results, Reports 37 Percent Increase in Sales and Positive EBITDA

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Novaled AG, a world leader in OLED technology and materials, reported about the financial results for the year ended Dec. 31, 2010. The company has achieved total revenues of €11,173,784 ($14,806,900), which represents an increase of 37% compared to the year 2009. Revenues from sales of material to customers and from licensing Novaled’s PIN OLED technology increased by 202% to €6,121,836 ($8,112,350). This increase is mainly due to substantially increased sales of material for the produ...

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