Cambridge, UK 25/07/2018
Cambridge (UK), 25 July 2018 (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 2018. 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 2018
- Revenue for the period was €11.36 million,
compared with €10.17 million for the same period in 2017, an increase
- The IFRS pre-tax result was a profit of €1.53
million for the period, compared with a profit of €0.16 million for the
same period in 2017.
- EBITDA for the period was €2.92 million,
compared with €1.75 million for the same period in 2017.
- Cash was valued at €5.00 million at 30 June
- The Company's measure of adjusted operating
profit showed a profit of €2.27 million for the period, compared to a
profit of €1.03 million for the same period in 2017.
Gary Fry, Global Graphics CEO comments, “A
solid performance in the first half of the year keeps us on plan. It
is very pleasing to see that all three operating segments have put in a
strong performance and made key wins in strategic accounts.
“This achievement comes from maintaining
focus on our strategy, notably the fast-growing market for inkjet solutions
and for digital font technology. Innovative breakthroughs in printing
software, such as our ScreenPro screening engine, make it possible for
press vendors to meet the challenge of achieving high-quality at high-speed
with inkjet. We have seen this particularly in the labels and packaging
market. As a Group we can offer a powerful combination of software
and printhead driver solutions which has opened up new relationships.
“URW continues to develop its digital font
library with new releases and enhancements to existing fonts. It
is delivering on its plan to expand its geographical footprint, notably
into Japan and the UK and is making inroads to the US market, working with
major brands on their corporate identity and with printer OEMs.
“We expect a very busy second half of the
year with attendance at key industry gatherings such as the ceramics exhibition
Tecnargilla in Italy, the type conference ATypI in Amsterdam, Label Expo
Americas in Chicago, the Inkjet Conference in Dusseldorf, and the industrial
print show InPrint in Milan.”
About Global Graphics
Through its operating subsidiaries, Global
(Euronext: GLOG) is
a leading developer of platforms for digital inkjet printing and type design
and development. Customers for digital inkjet technology include press
manufacturers such as HP, Canon, Durst, Roland, Hymmen and Mark Andy. Those
for font design include numerous international brands, from manufacturers
such as Mercedes Benz and Siemens, to digital media and epublishing companies.
Global Graphics PLC is headquartered in Cambridge
UK. Its subsidiary companies are printing software developers Global
; the type foundry,
, and the industrial
printhead driver solutions specialists, Meteor
Corporate Communications Director
Tel: +44 (0)1223 926489
Chief Financial Officer
Tel: +44 (0)1223 926472