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EFI has posted strong second-quarter results with chief executive Guy Gecht stating that the business is on track to achieve to its $1bn  sales target by 2016 following the acquisitions of Reggiani Macchine and Matan earlier this month.

Total sales grew 5% year-on-year to $202.7m from $193m in Q2 2014, with across the board year-on-year growth in its Industrial Inkjet, Productivity Software and Fiery divisions of 2%, 10% and 7% respectively.

“It was another strong quarter, achieved despite ongoing [currency] headwinds,” said Gecht.

The strong US dollar negatively impacted growth, especially in the EMEA region, which had sales of $65.1m in Q2, down 3% from $66.9m last year, although with 2015 figures adjusted to 2014 exchange rates EMEA would have achieved growth of 8%.

However, across the regions operating profit still grew 3% from $28.3m in Q2 2014 to $29.3m this year, with net income up 7% to $22.9m.

While the Q2 figures didn’t benefit from the acquisitions of Italian textile ink and kit manufacturer Reggiani and Israeli super-wide kit manufacturer Matan, which completed on 1 July, Gecht said that both deals represented significant, albeit different, opportunities for EFI, not least to fast track hitting its target of $1bn sales.