Global Graphics PLC: Publication of 2019 half year financial report
30 Juillet 2019 - 8:00AM
Global Graphics PLC: Publication of 2019 half year financial report
PRESS RELEASE – REGULATED INFORMATION
GLOBAL GRAPHICS PUBLISHES 2019 HALF YEAR FINANCIAL
REPORT
Cambridge (UK), 30 July 2019 (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
2019. 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 2019
- Revenue for the period was €11.30 million, compared with €11.36
million for the same period in 2018.
- The net profit for the period was €0.68 million for the period,
compared with a net profit of €1.53 million for the same period in
2018.
- EBITDA for the period was €2.50 million, compared with €2.92
million for the same period in 2018.
- Cash was valued at €4.86 million at 30 June 2019.
- The Company's measure of adjusted operating profit showed a
profit of €1.50 million for the period, compared to an adjusted
operating profit of €2.27 million for the same period in 2018.
Please refer to the report and financial
statements for more detailed information and analysis.
Gary Fry, Global Graphics CEO comments,
“Overall, our performance for the first half of 2019 is in line
with our expectations and the guidance we set at the start of the
year. However, the performance of individual operating segments has
varied from what we had expected.
“Whilst the Software segment had a strong first
half-year, partly due to the extension of a major contract, our
Printhead Solutions segment was adversely affected. We are
seeing the impact of the slowdown in the Chinese economy, reflected
notably in the ceramics sector. We are, however, confident in our
business model and are very pleased to see that revenues from this
segment outside of the top three customers has grown in the first
half of 2019 compared with the same period in 2018. The Fonts
segment had another strong first half-year and continues to perform
well.
“We have made some significant advances in
enabling our Printhead Solutions segment to be supported by the
unique propositions that our Software segment has to offer, namely
ScreenPro™ and PrintFlat™. More customers are working with us
across the entire suite of our portfolio, proving that our strategy
to be a strategic partner to inkjet machine manufacturers is
gaining traction. We have seen a number of contract wins and early
successes in Europe and the USA and are starting to see some green
shoots in Japan.
“In the Fonts segment our strategy for
international expansion is going to plan and we are now seeing
consistent revenue from all the geographical locations in which we
have invested.
“We remain confident in our overall business
strategy as we gear up to a 2020 drupa year.”
Conference callThe Board will
be available to discuss the results by way of a conference call on
Wednesday 31 July 2019 at 10:00 BST (11:00 CEST).
To register for the conference call and receive
the joining instructions, please click the following link and enter
the information requested:
https://zoom.us/meeting/register/b265a39fba82088cc5b9141539e44ee6
About Global Graphics
Through its operating subsidiaries, Global
Graphics PLC (Euronext Brussels: 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 Graphics Software; the type
foundry, URW Type Foundry, and the industrial printhead driver
solutions specialists, Meteor Inkjet.
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 |