French card printer manufacturer Evolis has announced its results for 2016, recording consolidated sales of 76.9 million euros during the year. During the fourth quarter of 2016, it posted sales of 20.7 million euros, a 12.5% increase on the same period in 2015. Evolis says this was achieved due to significant growth in the IT office channels business (up 18.9%), which was particularly lively in the Americas area (an increase of 43.4%). The projects business achieved 28.4% growth, driven both by the Asia Pacific area – thanks to the signing and partial delivery of two government projects in China (+33.9%) – and the India area, which saw 67.6% growth.Evolis says business on the whole was on the up during 2016 and both the channels and projects businesses compensated for what it calls ‘the Tanzania effect’ (the government contract contributed 4.8 million euros to the firm’s turnover in 2015).The company’s ID channels business has developed the highest growth in the Asia Pacific area as a whole (+14.9%), particularly in India (+50.7%). Globally, ID channels sales recorded 8.2% growth on a comparable basis.Evolis says: “Projects across the year show a 22% downturn versus 2015 (due to the Tanzania contract’s base effects). It should, however, be noted that the projects business is still driven by the deployment of the banking sector and decentralised customisation at agency level in the United States.”Throughout 2016, international sales accounted for 90% of turnover, while sales in France amounted to 10%.
Source: Security Document News