Double Digit Revenue Growth in 2006

(businesspress24.com) - SEH Achieves Revenue Growth of Ten Per Cent Worldwide with Solutions for Network Printing

Bielefeld, February 1st, 2007. – SEH, a globally operating specialist for network printing solutions, reports a sales revenue of 7.5 million Euro in 2006. This translates into annual growth of about ten per cent, surpassing the overall growth of the IT market worldwide. Successful international projects and licence agreements contributed significantly to the good result, as did the very positive business development of the US subsidiary SEH Technology, Inc.

The German network specialist SEH was able to raise its sales revenue by 10 per cent in 2006, achieving a total revenue of 7.5 million Euro. In the light of a global IT revenue growth of 4.6 per cent, with 4.4 per cent growth in Europe and 4.9 per cent in the USA in 2006 according to EITO/IDC, SEH significantly exceeded the growth rates of the international IT markets. The good result is due to several factors. "During the last year we could finalize several interesting projects. Licence agreements also contributed to the financial growth of SEH," SEH Marketing Director Reinhold Clausjuergens explains. The number of units sold was also up noticeably. "Our strong portfolio of network printing solutions is central to the good result of 2006, especially the SEH Intelligent Spooling Device ISD300 for the efficient management of print jobs and queues," Clausjuergens adds.

Positive Business Development in the USA
A large contribution to SEH's revenue growth comes from its US subsidiary, which was founded in Phoenixville, Pennsylvania, two years ago. SEH Technology, Inc. achieved a total revenue of more than one million US dollars in 2006, most of which was handled by broadline distribution.

Prospects for 2007
Presently, SEH is optimistic about the future, expecting to raise the number of units sold by about ten percent in 2007. However, Clausjuergens refuses to be too euphoric: "As sales of printers and multifunctional peripherals continue to rise, opening up good business prospects for SEH, we should stay realistic. Prices for hardware are still on the downturn and will not allow us to raise our sales revenue to the same degree as the number of units sold," he states.




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About SEH:
Since the early nineties, SEH has been one of Europe’s leading manufacturers of network printing solutions. The company’s product portfolio includes internal and external print servers for all common network and cabling types: Ethernet/Fast Ethernet, fiber optics, and Wireless LAN. Moreover, it comprises enhanced network printing solutions for efficient spooling management and transparent print cost controlling. SEH also has a strong focus on solutions for server-based computing in ThinPrint® environments as well as on security for network printing.
All products are developed and produced at the company’s headquarters at Bielefeld, Germany. Worldwide distribution is via SEH’s US and UK subsidiaries and an extensive network of partners, distributors, and resellers. The installed base of SEH products exceeds 500,000 units worldwide.
In development and sales, SEH closely co-operates with many leading printer manufacturers, including CITIZEN, ENCAD, EPSON, HP, KONICA MINOLTA, KYOCERA, MUTOH, OCÉ, PSi, ROLAND, SAMSUNG, TOSHIBA TEC, and UTAX.

You may download this press release and the corresponding images from the SEH website:
http://www.seh.de/english/message/press/pr_2006_2007.htm
If used for publication, please send specimen copy.

For further information, please contact our Public Relations Manager at our German headquarters:
SEH Computertechnik GmbH
Public Relations Manager
Ms. Margarete Keulen
Suedring 11
33647 Bielefeld
Germany
Tel.: +49 (0)521-94 22 6-53
Fax: +49 (0)521-94 22 6-99
Email: m.keulen(at)seh.de
URL: http://www.seh.de

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Company: SEH Technology

contact information:
Contact person: Margarete Keulen
Town: Bielefeld
Phone: +49 521 9422653

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