Scitex Corp. has published its Q1/ 2003 financial results:

The Main highlight:
·       Scitex holding in Creo are now only 12.7% (value:$197M) as Creo’s quarterly revenue continues to slide to $5.7M from $8.2M last quarter.
·       Scitex Corp total revenues for Q1 were $62 almost unchanged, while the loss has mushroomed from $1M to $6.75.
·       ScitexVision, after the integration with Aprion, is still a $23M operation, with quarterly losses $3.76M.
·       Scitex Digital Printing remained unchaged.

Click below to see the actual numbers.
SCITEX CORPORATION LTD- CONSOLIDATED STATEMENTS OF INCOME Q1/2003 results

(U.S. Dollars in thousands)

 

Quarter ended March 31

2003       2002*

(Unaudited  (Unaudited)

Total revenues                              62,625      60,699

 

Gross profit                                26,073      23,295

 

Operating income (loss)                     (1,895)      1,371

Net loss                                   ($6,752)    ($1,017)

 

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SDP    Scitex Digital Printing, Inc.

Three months ended

March 31

2003               2002

Unaudited          Unaudited

 

Total Revenues                            39,575             39,535

 

Gross Profit                              16,576             14,388

 

Operating Income                           2,929              2,747

 

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Scitex Vision Ltd. (combined with Aprion Digital Ltd.)

 

Three months ended

March 31

2003               2002*

Unaudited          Unaudited

Total Revenues                           23,050             21,164

 

Gross Profit                              9,497              8,906

 

Operating (Loss) Income                  (3,764)              (502)

 

 

* Actual results of Scitex Vision Ltd. Aprion is consolidated commencing

January 1, 2003.

 

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     Scitex Corp. Holdings–Investments at March 31, 2003

 

Total           Holding at

Investment      March 31, 2003

Company

 

Creo Products Inc.              196,915            12.7%

Scitex Vision Ltd.               18,238            75.5%

Jemtex Ink Jet Ltd.               7,800            49.8%

Objet Geometries Ltd.             8,667            23.0%

RealTimeImage Ltd.                5,300            14.9%

InfoBit Ltd.                      1,000            21.3%

XMPie Inc.                          500             8.6%

Dor Capital Ventures              2,400

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