- GLOBAL GRAPHICS SE (NYSE-Euronext: GLOG), a developer of software platforms for digital printing, digital document and PDF applications, provides a trading update for the first quarter of the financial year ending 31 December 2014.
The following information is unaudited.
The increase in print segment revenue for the quarter is primarily from the new contract that was announced on 4 March 2014.
A one-off amount of EUR 0.512 million for under reported royalties from prior years was included in the quarter ending 31 March 2013. Excluding that revenue, the eDoc segment showed a 75.7% increase in revenue during the quarter over the same period in 2013. MANAGEMENT’S COMMENTS
Gary Fry, Global Graphics’ Chief Executive Officer, comments, “We are very pleased to have announced our recent contract to license Harlequin technology to a global manufacturer of office printing devices. We believe that similar opportunities exist for this technology and that this type of contract is repeatable. Therefore, we have made strategic appointments in Asia and Japan to support this anticipated growth.
“We also see more opportunities in high-speed digital production printing, where we remain a dominant player, and we have been working with a new partner in digital labelling and packaging.
“With regard to our digital document technology, namely the gDoc platforms, the number of partners we have signed has grown to twelve, all of whom are working on building and promoting gDoc-based solutions. One of our newest partners is Staples for whom we created a solution to significantly enhance the functionality and user experience for their in-store printing and binding services across 1500 outlets in North America.
“We expect 2014 to mark a significant growth period for Global Graphics, largely due to the new contract we have secured in the office printing market. This opens up opportunities for us to invest sensibly and strategically in new areas of growth.” ANNUAL SHAREHOLDERS’ MEETING
The Company's annual general meeting will be held at 13:00hrs (Central European Summer Time) on Friday 16 May 2014 at Andlinger & Co, Avenue Louise 326, 1050 Brussels, Belgium. Details of the proposed resolutions and proxy form can be found on the investor section of the Company's website at http://www.globalgraphics.com/investors/annual-shareholders-meeting/
. ANALYST MEETING
Global Graphics will hold an analyst meeting at 14:30hrs (Central European Summer Time) on Friday 16 May 2014 at Andlinger & Co, Avenue Louise 326, 1050 Brussels, Belgium. RESULTS FOR THE SIX MONTHS ENDING 30 JUNE 2014
The Company expects to publish its condensed consolidated financial statements for the six months ending 30 June 2014 on Tuesday 19 August before market opening.