Turnover of book and variable-information printing company SIA “Drukātava” has reached EUR 1.28 million in 2014, which is by almost 30% more than in 2013. The company’s profit before tax was EUR 85,000 that is less than a year ago, according to the company’s initial activity results for 2014. Increase in turnover is related to the expansion of the company’s activity and increase in exports, however, the profit has decreased due to the fact that significant investments were made in certification, development, equipment purchase and employee training, as well as to increase salaries.
Last year the company printed 250,000 books, 70% of which were exported, mainly, to the Scandinavian countries. Besides that, on behalf of various clients, SIA “Drukātava” prepared and sent more than 4.2 million units of direct mail – different advertising materials, invoices and individual offers. The related company “Izdevniecība Drukātava” published 53 books in 2014, half of which were self-published (the publishing company provided technical assistance and printing), the other half of the books were prepared and published by a publishing company.
“Unfortunately, the variable-information printing market is slowly decreasing, since more and more clients choose to receive their invoices in digital format, however, I see a huge growth perspective for digital book printing and this market will continue to develop, since the number of printed books decreases, the cost of traditional printing technology increases, but the costs of a single digitally printed book does not change”, said the member of the board of SIA “Drukātava”, Valdis Jirgens.
SIA “Drukātava” is 100% Latvian-owned company founded in 2005. Approximately half of the company’s turnover accounts for exports. The core activity of the company is variable-information printing and book printing in small runs using digital printing. Majority of the Latvian universities, municipalities and service providers, as well as a number of Latvian and Scandinavian publishing companies are among the clients of the company.