6 September 2023
Highcon Sales Down 63%
YAVNE, ISRAEL—
Highcon Euclid 5
Highcon Euclid 5
 Highcon sales for the half-year to June slumped by 63% to $3.4m, and the business made an operating loss of $11.3m. Shares in Highcon have tanked after the manufacturer announced disappointing half-year results and accountants added a going concern note to its figures.
 Digital cutting & creasing machines.
Digital cutting & creasing machines.
Its biggest shareholders are Benny Landa’s Landa Ventures and investment firm JVP. The Israeli firm develops post-press equipment for cutting and creasing that aims to transform time-consuming traditional processes into digital production. It plans to preview its next-generation device at Drupa 2024, with commercial availability in 2025.  
 
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