Sales swings go against Escher in first half

Smurfit-backed firm's shares had surged this year after stake-building by hedge fund

19th September, 2017
Escher chief says business model can be 'inherently volatile'. Pic: Pixabay

Irish postal technology company Escher, in which the Smurfit family wealth fund has a stake, has reported a fall in revenue and earnings in the first half of this year due to what it described as “modest” sales of its software licences.

The drops had already been signalled in a trading update last month. Revenue of $9.4m was down from $12.3m in the same period last year, while adjusted earnings before interest, tax,...

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