Global Graphics PLC: Global Graphics Shows Strong Business Growth in 2020 Half Year Financial Report
04 Août 2020 - 8:00AM
Global Graphics PLC: Global Graphics Shows Strong Business Growth
in 2020 Half Year Financial Report
PRESS RELEASE – REGULATED INFORMATION
GLOBAL GRAPHICS SHOWS STRONG BUSINESS GROWTH IN 2020
HALF YEAR FINANCIAL REPORT
Cambridge (UK), 4 August 2020 (08.00
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
2020.
Continuing operations for the six months ended
30 June 2020 have improved significantly over the same period in
2019:
- Revenue for the period was up 24.2% to €11.90 million, compared
with €9.59 million for the same period in 2019.
- Net profit for the period increased by 287% to €2.08 million
for the period, compared with a net profit of €0.53 million for the
same period in 2019.
Additionally, during the period, the Group
divested its Font segment for a gross gain of €5.36 million to
focus on its core business of hardware and software for inkjet
applications.
“Although the COVID-19 pandemic has been a
tremendous challenge for Global Graphics and our customers, we’ve
seen very strong demand for our industrial inkjet solutions in the
Asia Pacific region, as well as software sales that continue to
exceed expectations. We remain optimistic that the global
economy will recover quickly and reaffirm our commitment to
supplying innovative hardware and software solutions for digital
printing and industrial inkjet applications,” says CEO Mike
Rottenborn.
Please refer to the half year report and
condensed consolidated interim financial statements for the six
months ended 30 June 2020 for more detailed information and
analysis. The full document is available to download from
https://investor.globalgraphics.com/investors/financial-reports.
About Global Graphics
Through its operating subsidiaries, Global
Graphics PLC (Euronext Brussels: GLOG) is a leading developer of
platforms for digital inkjet printing. Customers include press
manufacturers such as HP, Canon, Durst, Roland, Hymmen and Mark
Andy. Global Graphics PLC is headquartered in Cambridge
UK. Its subsidiary companies are printing software developers
Global Graphics Software; the industrial printhead driver solutions
specialists, Meteor Inkjet; and the pre-press software specialists
Xitron.
Contacts
Jill Taylor |
Graeme Huttley |
Corporate Communications
Director |
Chief Financial Officer |
Tel: +44 (0)1223 926489 |
Tel: +44 (0)1223 926472 |
Email: jill.taylor@globalgraphics.com |
Email: graeme.huttley@globalgraphics.com |