Hybrid sees financial uplift

Hybrid Software Group has seen an uplift in trading for the quarter ending 31 March 2023. Revenue for the period was 13.96m Euro (2022: 12.45m Euro) and EBITDA for the period was 3.25m Euro, or 23% of revenue (2022: 2.74m Euro, 22% of revenue).

CEO Mike Rottenborn said: “The first quarter of 2023 saw recovering sales in the printing software segment with the first marquee sale of our new digital front end (DFE) SmartDFE, which drives digital inkjet presses with excellent print quality and maximum speed. Printhead solutions revenues significantly recovered year-over-year as the chip shortages which heavily impacted Q1 2022 revenues have abated.

He added: “Group EBITDA was up in Q1 mainly due to increased revenue. In the printhead solutions segment, higher input costs resulting from sourcing difficulties and higher component prices in 2022 did weigh on overall margin contribution, which will continue for some time throughout 2023.  However, we anticipate higher revenues from the enterprise software segment to offset this.

“Although business conditions remain challenging, we have a tight control on costs to insure profitable growth now and in the future. 

The Cambridge-headquartered group includes Color Logic, Global Graphics Software, Hybrid Software, Meteor Inkjet, Xitron and iC3D.