March 1, 2011
We are very proud to announce our results for the 2010 fiscal year. We have had our best year so far, with annual sales of $27.3 million, which makes for a growth of 25% over 2009. 2010 Q4 sales of $9.6 million have set a new record in the history of the company, representing a 49% increase from Q4 of 2009.
Technologies sales are up 35% with the Handyscan 3D scanners showing steady growth and the HandyPROBE probing systems sales surging to 179%. Such increase can be explained in part by the addition of 2 new sensor models to the line-up and the addition of 20 new distributors worldwide.
CEO Martin Lamontagne says that "Creaform boasts excellent year-over-year figures in 2010, and this is made even more impressive by the fact that 2009 was a good year for Creaform in spite of the difficult economic climate. Of course, record sales of our newly-launched MetraSCAN optical CMM 3D scanner have been a definite asset in reaching such levels."
Besides, we have made for $4 million in investments in 2010, of which the acquisition of two companies (In Speck and Genicad). Through these investments, we secured highly-valuable expertise and know-how and are expecting great ROI in 2011.
Over the year, we have strengthened our worldwide presence further by opening a subsidiary in Germany and an office in India. Plus, we were able to increase our market share in 3D Engineering Services and were awarded the "2010 Company of the Year" award from the Quebec Aerospace Association.