Cambridge, UK 26/07/2017
Cambridge (UK), 26 July 2017 (18.00 CEST):
Global Graphics PLC (Euronext: GLOG) announces it has published its half
year report and condensed consolidated interim financial statements for
the six months ended 30 June 2017. The full document is available
for download from the investors section of the Company’s website at: http://www.globalgraphics.com/investors/financial-reports
Financial highlights of the six months
ended 30 June 2017
- Revenue for the period was up 20% on the
same period in 2016, from €8.48 million to €10.17 million. There
was an exceptional item of €2.87 million of revenue during the 6 months
ending 30 June 2016 that did not recur during the 6 months ending 30 June
- The pre-tax result was a profit of €0.16
million for the period, compared with a profit of €1.04 million for the
same period in 2016.
- EBITDA for the period was €1.75 million,
compared with €3.30 million for the same period in 2016.
- Cash and cash equivalents increased by €0.10
million during the period to €4.74 million.
- The Company's measure of adjusted operating
profit showed a profit of €1.03 million for the period, compared to a
profit of €1.99 million for the same period in 2016.
Gary Fry, Global Graphics CEO comments, “We
are delighted with our top line growth and sustained profitability. We
have achieved record revenues since my tenure without the impact of a single
new large deal, which highlights the healthy performance of our underlying
core business. It is also pleasing to note that we remain in a strong
“The Meteor Inkjet business is progressing
well and the inkjet sector as a whole continues to show exciting growth.
This acquisition is enabling us to deliver on our strategy to become
the go-to player for high-speed inkjet OEMs across a broad range of sectors,
such as industrial and functional printing. We have become an important
player in the ecosystem because we offer printhead driver systems, software
solutions, and the engineering capability to provide technology innovation.
“Our partnership with HYBRID Software is
also progressing very well. HYBRID use the Harlequin RIP in their
workflow product and there are now a number of systems in the field. We
offer HYBRID labels and packaging software as a component in our Fundamentals
digital front end.
“The second half of the year will see us
exhibit at LabelExpo, the major international label exhibition. A
number of OEMs in this segment are now using our solutions and we expect
to be able to provide more detail in the next few months.”
About Global Graphics
Global Graphics PLC (Euronext: GLOG) http://www.globalgraphics.com
is a leading developer of platforms for digital printing, including the
Harlequin RIP®. Customers include HP,
Canon, Delphax, Roland, Kodak
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. The font foundry, URW++
Design and Development GmbH,
the industrial printhead driver solutions specialists, Meteor
are subsidiary companies
of Global Graphics SE. Global Graphics has offices in: Boston, US;
Tokyo, Japan; and Hamburg, Germany.
Corporate Communications Director
Tel: +44 (0)1223 926489
Chief Financial Officer
Tel: +44 (0)1223 926472