<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a018_form6k.txt
<TEXT>
================================================================================

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                        Report of Foreign Private Issuer
                      Pursuant to Rule 12a-16 or 15d-16 of
                       the Securities Exchange Act of 1934

                                  July 31, 2003

                           Commission File No. 0-26498
                             NUR MACROPRINTERS LTD.
             (Exact Name of Registrant as specified in its Charter)

                                 Not Applicable
                 (Translation of Registrant's Name into English)

                          12 Abba Hilel, Silver Street
                                       Lod
                                  71111 Israel
                    (Address and principal executive offices)

Indicate by check mark whether the registrant  files or will file annual reports
under cover Form 20-F or Form 40-F.

                           Form 20-F |X|          Form 40-F |_|

Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                           Yes |_|                No |X|

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b).

================================================================================

Attached hereto and  incorporated by reference  herein is a press release of the
registrant dated July 31, 2003.

================================================================================

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                                  NUR MACROPRINTERS LTD.


Date: August 7, 2003                              By: /s/ David Amir
                                                  ----------------------------
                                                  David Amir
                                                  Chief Executive Officer

<PAGE>

NUR Macroprinters  Ltd.  Announces Second Quarter Financial Results & $4 Million
Private Placement

Second Quarter Revenues of $13.1 Million -- Net Loss of $1.7 Million,  Excluding
Restructuring and One-Time Charge of $14.3 Million -- Private Placement and Bank
Debt   Restructuring  to  Facilitate   Focused  Business  Strategy  --  Goal  of
Profitability by Year-End

LOD,  Israel,  July 31 -- NUR  Macroprinters  Ltd.  (Nasdaq:  NURM),  a  leading
manufacturer  of  wide-format  and  superwide   digital   printing  systems  and
consumables  for  the  out-of-home   advertising  market,  today  announced  its
consolidated  financial results for the six months and second quarter ended June
30, 2003. It also announced that it has secured a convertible loan commitment of
up to $4 Million to draw upon as well as bank debt restructuring.

Financial Results

Revenues for the second  quarter of 2003 were $13.1  million,  compared to $23.4
million  during the second  quarter of 2002. Net loss for the second quarter was
$(1.7) million,  or $(0.10) per share,  excluding  one-time  inventory costs and
write-offs of $5.5 million,  one-time  doubtful accounts  receivable  expense of
$6.7  million,  and  restructuring  costs of $2.1 million,  and $(16.0)  million
including such charges,  as compared to a net loss of $(1.0) million, or $(0.06)
per share, in the comparable quarter last year, excluding  restructuring charges
of $0.8  million,  and a net  loss of  $(1.9)  million,  or  $(0.11)  per  share
including such charges.

Gross profit for the second  quarter,  excluding  one-time  inventory  costs and
write-offs  of $5.5 million,  was $5.3 million,  compared to $7.2 million in the
second  quarter of 2002.  Gross margin for the second  quarter of 2003 excluding
one-time  inventory  costs and write-offs  was 40.1%,  compared to 30.7% for the
second quarter of 2002.

Operating expenses for the second quarter were $6.4 million,  excluding one-time
doubtful debt accounts  receivable  expenses of $6.7 million,  and restructuring
costs of $2.1 million, (and $15.2 million including such charges), down 22% from
$8.1 million in the comparable quarter last year.  Operating loss for the second
quarter of 2003 was approximately $(1.1) million, excluding one-time charges and
restructuring  costs, and $(15.4) million including such charges,  versus $(1.0)
million in the same quarter last year.

Revenues for the first six months of 2003 were $30.2 million,  compared to $44.8
million  during the first six months of 2002.  Net loss for the first six months
of 2003,  excluding  one-time  inventory  costs and  write-offs of $5.5 million,
one-time doubtful debts expense of $6.7 million, and restructuring costs of $2.1
million,  was $(3.1)  million,  or $(0.18) per share,  and $(17.4)  million,  or
$(1.01) per share  including  such charges,  as compared to a net loss of $(4.9)
million, or $(0.29) per share excluding restructuring charges of $(0.9) million,
or $(0.34) including such charges, in the comparable period last year.

Gross profit for the first half of 2003,  excluding one-time inventory costs and
write-offs of $5.5 million,  was $11.0 million,  and $5.4 million including such
charges,  compared to $13.1 million in the first half of 2002.  Gross margin for
the first half of 2003,  excluding the one-time  inventory costs and write-offs,
was 36.3%, compared to 29.2% for the first half of 2002.

Operating  expenses  for the first six months  were $13.2  million,  excluding a
one-time   doubtful   accounts   receivable   expenses  of  $6.7  million,   and
restructuring costs of $2.1 million, (and $21.9 million including such charges),
down 24% from $17.3 million in the comparable  period last year.  Operating loss
for the first  half of 2003 was  approximately  $(2.2)  million,  excluding  the
one-time doubtful accounts receivable expenses and the restructuring costs, (and
$(16.5)  million  including  such  charges),  versus $(4.2)  million in the same
period last year.

<PAGE>

Operational Review

David Amir, who was appointed CEO and President of NUR in April 2003,  commented
on the midyear operating results,  "During the first half of 2003, we focused on
improving our operational  strength,  and running our operations in an even more
cost-effective  manner.  We  reduced  employee  headcount  from about 350 in the
beginning of the year to under 250 by the end of August. We focused on improving
cash flow, and we successfully  achieved our goal of breakeven cash balance this
quarter.  In the second half of 2003,  our goal is to achieve  profitability  by
year-end."

"Turning  to  operations,  as reported  previously,  we signed an  agreement  to
acquire the remaining 50% of NUR  Pro-Engineering,  making us the sole owners of
our assembly  facility.  At the same time,  we are in the final stages of moving
our production from San Antonio, Texas to our Israeli production facility.  With
these moves, we will have one production  facility for all product lines and, we
believe, a leaner more efficient organization able to meet future challenges. "

"We have decided to exit the substrate  business.  Today, as digital wide format
printers have become  widespread,  substrates have become a low margin commodity
that is no  longer  profitable  for NUR to  resell.  Terminating  this  business
reduced  revenues this quarter by about $2 million compared to Q1 2003, and $3.4
million  compared  to Q2  last  year.  We  are  more  strongly  focusing  on our
proprietary  specialty inks,  sales of which increased during the second quarter
after a long  period  of  decline.  A new vice  president  of inks was  recently
appointed to help us improve market share. We believe that we are now positioned
to regain  market  share and increase  our sales in this  potentially  lucrative
market."

Convertible Loan & Agreements With Banks

NUR also  announced it has secured a convertible  loan  commitment  from several
investors according to which the investors have undertaken to provide NUR with a
convertible loan in the aggregate  amount of up to $4.0 million.  NUR's chairman
and largest shareholder will provide up to $2.0 million of the loan.

Under the terms of the loan agreement,  the loan is convertible at any time into
ordinary  shares of NUR at a  conversion  rate of $0.62 per share,  which is 20%
above the market price at the time the terms were agreed upon. In  consideration
for the loan  undertaking,  the Company agreed to pay a cash  commitment fee and
issue to the investors warrants to purchase ordinary shares of the Company equal
to 15% of the loan at an exercise  price of $0.52 per share  exercisable  over a
five-year  period.  In the event of a draw down of the loan,  the  Company  will
issue to the investors  additional  warrants to purchase  ordinary shares in the
amount equal to $15% of the draw down amount,  at an exercise price of $0.52 per
share,  and  exercisable  for a period of five  years  from the date of the draw
down.

The equity conversion factor of the loan and the participation of Mr. Dan Purjes
in  the  loan  transaction  are  subject  to the  requisite  approval  of  NUR's
shareholders.

Our major Banks have agreed to modify  certain  covenants and  reschedule  NUR's
long-term debt. They also agreed that no principal will be repaid in the next 12
months and thereafter NUR will repay the loans in smaller  installments  through
the end of 2005.

Commenting on these NUR's financial transactions, Mr. Amir stated, "We are now
in a stronger financial position. We've achieved a breakeven cash balance, we've
reached an agreement with our banks to reduce the payments we will be paying
them in the near future, and we've secured a private placement to draw upon in
the aggregate of up to $4 Million. We believe these actions by NUR's banks and
shareholders are strong votes of confidence in our company's future."

Mr. Amir concluded, "We recognize that there are still major challenges ahead of
us.  Nonetheless,  we are confident that the new management  team we have put in
place at our corporate and  subsidiary  headquarters,  the  introduction  of new
machine  models now in final beta  tests,  and the renewed  focus on inks,  will
bring NUR back to industry leadership, profitability and growth."

<PAGE>

Non-GAAP Financial Measures

In addition to reporting financial reports for the six months and second quarter
ended June 30, 2003, in accordance with generally accepted accounting  principle
("GAAP"),   NUR  has  also  provided   financial   results   excluding   certain
extraordinary  items.  These measurements are not in accordance with GAAP. NUR's
management  believes,  however,  that these amounts would be useful to investors
comparing the Company's current operating  performance to past and future fiscal
periods. The excluded items constitute one-time, non-recurring events.

The Company will host a conference  call to discuss  these  results on Thursday,
July 31st at 11:00 am EDT / 6:00pm  Israel  time.  To  participate,  please call
1-877-356-9548   (U.S.  toll  free)   11-800-945-7877   (Israel  toll  free)  or
1-706-679-0587  (International),  ID Code: NUR. The conference call also will be
available  for replay for 14 days  starting  2pm EDT on the day of the call,  by
calling  1-800-642-1687  (U.S.) / 1-706-645-9291  (International and Israel) and
enter conference ID number 199 7771.

ABOUT NUR MACROPRINTERS LTD.

NUR  Macroprinters  (Nasdaq:  NURM) is a global  market leader in wide and super
wide digital printing solutions for the out-of-home advertising market. From its
photorealistic  printers  to  its  high  throughput  production  presses,  NUR's
comprehensive  line of digital  printers  and  consumables  address the complete
range of wide and super wide format digital printing  requirements.  NUR's fully
digital printing solutions help customers worldwide deliver the high quality and
fast  turnaround  they  need to meet  their  customers'  wide  ranging  printing
requirements. NUR Macroprinters Ltd. can be found at www.nur.com.

SAFE  HARBOR:  Certain  statements  made herein  that use the words  "estimate,"
"project," "intend," "expect," "believe" and similar expressions are intended to
identify forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These  forward-looking  statements  involve known
and  unknown  risks and  uncertainties  that  could  cause the  actual  results,
performance or achievements of NUR Macroprinters Ltd. To be materially different
from those  which may be  expressed  or implied by such  statements,  including,
among  others,   changes  in  general  economic  and  business   conditions  and
specifically,  decline in demand for NUR Macroprinters Ltd's products, inability
to timely develop and introduce new technologies,  products and applications and
loss of market  share and pressure on prices  resulting  from  competition.  For
additional  information  regarding  these  and  other  risks  and  uncertainties
associated with the Company's  business,  reference is made to NUR Macroprinters
Ltd.'s  reports  filed  from  time to time  with  the  Securities  and  Exchange
Commission.    This   press   release   is   available   at   www.nur.com    and
www.portfoliopr.com/.

     CONTACT:       Hilel Kremer CFO
                    972-8-914-5555
                    hilelk@nur.com
                    --------------

     PORTFOLIO PR   Paul Holm/Matthew Karsh
     CONTACTS:      212-736-9224
                    pholm@portfoliopr.com / mkarsh@portfoliopr.com
                    ---------------------   -----------------------

<PAGE>

NUR MACROPRINTERS LTD.
Consolidated Statements Of Operations
U.S. $ in thousands, except per share data


                                         Six months ended
                          ---------------------------------------------------
                           6/30/2003    6/30/2003     6/30/2002    6/30/2002
                             GAAP      Non GAAP(a)      GAAP       Non GAAP(b)
                                         Proforma                   Proforma
                            Unaudited   Unaudited     Unaudited    Unaudited
                           -----------  ----------   ----------    ----------
    Revenues
      Sales of printers
       and related
       products                $30,196     $30,196      $44,809       $44,809

                                30,196      30,196       44,809        44,809
    Cost of revenues
      Cost of sales of
       printers and
       related products         19,225      19,225       31,738        31,738
      One time inventory
       costs and
       write-offs                5,522                        0             0
                                24,747      19,225       31,738        31,738

    Gross profit                 5,449      10,971       13,071        13,071
                                18.05%      36.33%       29.17%        29.17%
    Research & Development
     expenses                    3,740       3,740        4,597         4,597
    Less-Grants                   (598)       (598)        (564)         (564)
    Research & Development
     expenses, net               3,142       3,142        4,033         4,033

    Selling expenses, net        5,884       5,884        6,500        6,500
    General and
     administrative
     expenses                    4,144       4,144        5,772         5,772
    Amortization of
     intangible assets               0           0        1,002         1,002
    One time doubtful
     debts expenses              6,694           0            0             0
    Restructuring and
     other one time
     expenses                    2,074           0          848             0
                                18,796      10,028       14,122        13,274

    Operating income
     (loss)                    (16,489)     (2,199)      (5,084)       (4,236)

    Financial expenses net        (937)       (937)        (456)         (456)
    Other expense net              156         156         (107)         (107)


    Income (loss) before
     taxes on income and
     equity losses             (17,270)     (2,980)      (5,647)       (4,799)

    Taxes on income               (158)       (158)         (75)          (75)
    Equity in profits
     (losses) of affiliates,
      net of taxes                   0           0            0             0

    Net loss for the
     period                   $(17,428)    $(3,138)      (5,722)       (4,874)
                                -57.72%     -10.39%      -12.77%       -10.88%


    Loss per share              $(1.01)     $(0.18)      $(0.34)       $(0.29)
    Loss per share              $(1.01)     $(0.18)      $(0.34)       $(0.29)
    Weighted average
     number of shares
     outstanding during
     the period             17,185,965  17,185,965   16,895,231    16,895,231
    Weighted average
     number of shares
     outstanding during
     the period used for
     dilluted loss per
     share                          --          --           --            --


<PAGE>

 NUR MACROPRINTERS LTD.
 Consolidated Statements Of Operations
 U.S. $ in thousands, except per share data

                                             Three months ended
                             ------------------------------------------------
                             6/30/2003   6/30/2003    6/30/2002     6/30/2002
                                  GAAP   Non GAAP(a)       GAAP    Non GAAP(b)
                                          Proforma                  Proforma
                             Unaudited   Unaudited    Unaudited     Unaudited
                             ---------   ---------    ---------     ---------
    Revenues
      Sales of printers and
       related products        $13,112     $13,112      $23,423       $23,423

                                13,112      13,112       23,423        23,423
    Cost of revenues
      Cost of sales of
       printers and related
       products                  7,854       7,854       16,244        16,244
      One time inventory
       costs and write-offs      5,522
                                13,376       7,854       16,244        16,244

    Gross profit                  (264)      5,258        7,179         7,179
                                 -2.01%      40.10%       30.65%        30.65%
    Research & Development
     expenses                    1,906       1,906        2,166         2,166
    Less-Grants                   (296)       (296)        (211)         (211)
    Research & Development
     expenses, net               1,610       1,610        1,955         1,955

    Selling expenses, net        2,880       2,880        2,960         2,960
    General and
     administrative expenses     1,905       1,905        2,717         2,717
    Amortization of
     intangible assets               0           0          516           516
    One time doubtful debts
     expenses                    6,694           0            0             0
    Restructuring and other
     one time expenses           2,074           0          848             0
                                13,553       4,785        7,041         6,193

    Operating income (loss)    (15,427)     (1,137)      (1,817)         (969)

    Financial expenses net        (558)       (558)          34            34
    Other expense net                6           6          (18)          (18)


    Income (loss) before
     taxes on income and
     equity losses             (15,979)     (1,689)      (1,801)         (953)

    Taxes on income                  8           8          (75)          (75)
    Equity in profits
     (losses) of affiliates,
     net of taxes                    0           0            0             0

    Net loss for the period   $(15,971)    $(1,681)     $(1,876)      $(1,028)
                               -121.80%     -12.82%        -8.01%       -4.39%

    Loss per share              $(0.93)     $(0.10)      $(0.11)       $(0.06)
    Loss per share              $(0.93)     $(0.10)      $(0.11)       $(0.06)

    Weighted average
    number of shares
     outstanding during
     the period             17,216,071  17,216,071   17,091,542    17,091,542
    Weighted average number
     of shares outstanding
     during the period used
     for dilluted loss per
     share                          --          --           --            --

Non GAAP proforma results of operations excludes the following expenses:

(a)  Excluding $2 million of restructuring expenses and $6.7 million of one time
     doubtful debts expenses and one time inventory write-offs of $5.5 million

(b)  Excluding restructuring and other one time expenses of $ 0.9 million

<PAGE>

NUR MACROPRINTERS LTD.
Condensed Balance Sheets, US$ in thousands
                                                                         Percent
                                                 06.30.03     12.31.02    Change
                                                 --------     --------    ------
     Current Assets :
        Cash and cash equivalents                  $9,947      $11,668      -15%
        Accounts receivable - trade                20,851       28,777      -28%
        Other receivables and prepaid
         expenses                                   5,929        5,531        7%
        Inventories                                20,200       24,297      -17%

     Total Current Assets                          56,927       70,273      -19%

     Investments and other non-current assets
     Long-term accounts receivables - trade           795        1,760      -55%
     Investments and other non-current
      assets                                        2,181        2,516      -13%
     Severance pay funds                              921          916        1%
                                                    3,897        5,192      -25%

     Property and Equipment, net                   10,049       11,576      -13%

     Other assets, net                                805          854       -6%

     Total assets                                  71,678       87,895      -18%

     Liabilities and Shareholders' Equity
     Current Liabilities :
     Short - term bank credit                      10,492        5,844       80%
     Current maturities of long - term
      loans                                         2,852        2,020       41%
     Trade payables                                10,644       16,444      -35%
     Accrued expenses and other
      liabilities                                  10,635        8,984       18%
     Advances from customers                        1,688          270      525%
     Total Current Liabilities                     36,311       33,562        8%
     Long -Term Liabilities :
     Long - Term loans                             28,350       30,051       -6%
     Accrued severance pay                          1,064        1,122       -5%
                                                   29,414       31,173       -6%

     Shareholders' Equity :
     Share capital                                  4,233        4,202        1%
     Capital surplus                               45,729       45,697        0%
     Cumulative translation adjustment             (1,128)      (1,286)     -12%
     Accumulated Earnings (Deficit)               (42,881)     (25,453)      68%
     Total Shareholders' Equity                     5,953       23,160      -74%
     Total Liabilities and Shareholders'
      Equity                                       71,678       87,895      -18%



------------------------------
Source: NUR Macroprinters Ltd.
<PAGE>

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