Global Graphics PLC
Platforms for digital inkjet printing and type design

News Release

Cambridge, UK  12/10/2016

Global Graphics: Trading update for the quarter and the nine months ended 30 september 2016

PDF version
Cambridge (UK) Wednesday 12 October 2016 (18.00 CEST) - GLOBAL GRAPHICS SE (Euronext: GLOG), a developer of software platforms for digital printing, digital document and PDF applications, provides a trading update for the third quarter and first nine months of the financial year ending 31 December 2016.

Operational highlights for the quarter ended 30 September 2016
  • A new bilingual Arabic-Latin language typeface developed in response to the fast growing Arabic market was unveiled by Global Graphics’ font foundry URW++.  Boutros-URW Franklin Gothic Arabic is the result of a unique collaboration between London-based Boutros which has specialised in Arabic fonts since 1966, and URW++.
  • Global Graphics’ embedded Harlequin RIP was chosen by Korean manufacturer Sindoh for a new range of multi-function office printers that will be sold in Korea, China, South Africa, the Middle East, with expansion into the European market.
  • At the IMI Ink Jet Technology Showcase, which took place on September 7th and 8th in Chicago, Global Graphics’ CTO Martin Bailey discussed the importance of intelligent software to resolve mechanical quality issues when planning new inkjet presses.
  • Following the success of the introduction at drupa, Fundamentals for label and packaging presses was on show at Label Expo Americas in September.
  • Jeremy Spencer was appointed as VP of print sales, bringing over 20 years’ experience in commercial printing, digital imaging and industrial inkjet from positions held at Caldera, XaarJET and X-Rite.
More information about all of the above can be found in the news section of the Company's website at http://www.globalgraphics.com/news/

Financial highlights for the quarter and nine months ended 30 September 2016

The following information is unaudited.

For the quarter ended 30 September 2016

  • Revenue for the quarter was €4.09 million (2015: €2.98 million).
  • The Company's measure of adjusted operating profit or loss for the quarter was a profit of €1.02 million (2015: €0.10 million profit).
For the nine months ended 30 September 2016
  • Revenue for the period was €12.57 million (2015: €11.37 million).
  • The Company's measure of adjusted operating profit or loss for the period was a profit of €3.00 million (2015: €3.08 million profit).
Cash
Cash at 30 September 2016 was valued at €3.05 million (2015: €2.52 million).  The Group continues to have no outstanding debt, therefore, no interest payments or capital repayments out of cash flow are required.

Segment sales analysis
The following table provides information about revenue for the Group's operating segments for the quarter and nine months ended 30 September 2016 and 2015.
Quarter ended 30 September
Nine months ended 30 September
€ 000s
2016
2015
2016
2015
Print
2,460
2,465
9,208
9,581
eDoc
1,075
466
1,521
1,738
Fonts
554
48
1,842
48
Total revenue
4,089
2,979
12,571
11,367


On 4 March 2014, the Company announced that it had signed a contract to license its Harlequin technology to a global manufacturer of office printing devices to drive their single function, multi-function and production printers.  During the quarter, €0.04 million (2015: €0.12 million) was recognised as revenue from this contract, making a total of €0.23 million that has been recognised as revenue during the nine months ended 30 September 2016 (2015: €3.59 million).

Strategic market sales analysis
The following table shows the revenue attributable to each of the strategic markets for the quarter and nine months ended 30 September 2016 and 2015.
Quarter ended 30 September
Nine months ended 30 September
€ 000s
2016
2015
2016
2015
High-speed
711
729
1,562
1,838
In-house
13
89
36
120
Office
1,109
764
2,237
5,578
Traditional
1,702
1,349
6,894
3,783
Fonts
554
48
1,842
48
Total revenue
4,089
2,979
12,571
11,367

Editors notes

About Global Graphics
Global Graphics (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of software platforms on which our partners create solutions for digital printing, digital document and PDF applications. Customers include HP, Corel, Quark, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. There are also offices near Boston, Massachusetts and in Tokyo.

Contact

Graeme Huttley Chief Financial Officer Tel: +44 (0)1223 926472 Email: graeme.huttley@globalgraphics.com Jill Taylor Corporate Communications Director Tel: +44 (0)1223 926489 Email: jill.taylor@globalgraphics.com