Plastic card personalization and printing systems firm Evolis achieved consolidated revenue of €82m ($93m) for the 2018 financial year, up 2.5% (5.9% at constant exchange rates) versus 2017.Christian Lefort, Chief Executive Officer of Evolis, comments: “Following a difficult first-half 2018, Evolis delivered a double-digit growth in the second half of the financial year. Since July the Group has been benefitting from initial structuring effects – particularly in the United States for the Channel business -, and from 90% of revenue generated traction in the Projects business in Europe and India, as well as more favourable exchange rates. All our teams remain focused on delivering strong growth over the next financial years.”Channel business grew 9.2% in fourth-quarter 2018, with revenue of €14.3m.Growth seen in third-quarter 2018 was confirmed in fourth-quarter 2018.For the 2018 financial year, the Channel business posted revenue of €55.8m, up3.7% versus 2017 (+6.8% at constant exchange rates). Such a performance masksthe difference in business between the first and second halves of 2018. In second-half 2018, revenue grew 8.2% versus second-half 2017. Channel business grew inthe EMEA region, bolstered by the Edikio solution roll-out in Europe in addition togrowth in sales in the Asia-Pacific region.Project business grew 9.8% in fourth-quarter 2018 (+17.9% at constant exchangerates). The Americas benefitted from an upturn in its banking activities, continuingthe momentum started in third-quarter 2018. The EMEA region was driven bygrowth in Europe with the roll-out of the Edikio solution.Full-year revenue for the Project business ended at €22m (+6.3% at constantexchange rates). Following a first-half impacted by the political and economiccontext – particularly weighing on the Middle-East and Latin America – andunfavourable exchange rates, second-half 2018 benefitted from the delivery of twoimportant contracts: one with a large German retail chain for the Edikio solutionand another in India with a system integrator. Second half growth for Projects'activities ended at more than 26% versus second-half 2017.In terms of regions, all saw growth this quarter and over the financial year. In 2018,Asia-Pacific (excluding India and China) is the region that recorded the strongestgrowth, driven by several government and banking projects. The Americas sawgrowth momentum at 4.4% at current exchange rates (+10.1% at constant exchangerates) benefitting both from Projects delivered across the continent, but also fromrecovered second-half momentum in the Channel business in the United States.In the EMEA region, Europe stood out, propelled by Edikio, offsetting the decline inbusiness in the Middle-East.
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