Global Graphics SE: Publication of 2016 half-year financial report
26 Juillet 2016 - 6:00PM
PRESS RELEASE - REGULATED INFORMATION GLOBAL GRAPHICS
PUBLISHES 2016 HALF YEAR FINANCIAL REPORT
Cambridge (UK),
26 July 2016 (18.00 CEST): Global Graphics SE (Euronext: GLOG)
announces it has published its half year report and condensed
consolidated interim financial statements for the six months ended
30 June 2016. 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 2016
-
Sales for the period were €8.48 million,
compared with €8.39 million for the same period in 2015.
-
The pre-tax result was a profit of €1.04 million
for the period, compared with a profit of €2.08 million for the
same period in 2015.
-
The net result after tax was a profit of €1.16
million for the period, compared with a profit of €2.66 million for
the same period in 2015.
-
Basic earnings per share was €0.10 compared with
a basic earnings per share of €0.26 for the same period in
2015.
-
Cash and cash equivalents reduced by €0.94
million during the period to €3.29 million.
-
The Company's measure of adjusted operating
profit showed a profit of €1.99 million for the period, compared to
a profit of €2.98 million for the same period in 2015.
Operational
highlights of the six months ended 30 June 2016
-
Casio Computer Co., Ltd chose the Harlequin
Embedded RIP to enhance their Japanese office colour printer
SPEEDIA GE6000 by adding native PostScript® and
PDF.
-
A strategic business relationship was signed
with Roland DG, a leading manufacturer of wide-format inkjet
printers and cutters.
-
Harlequin version 11 was released.
-
Think Laboratory chose the Harlequin RIP to
drive a new generation of aqueous inkjet printers that will print
onto plastic film for applications such as short-run food
packaging.
-
The Company continued working jointly with
Hybrid Software, notably by integrating Hybrid's Cloudflow into a
new offering called Fundamentals which is targeted at inkjet press
manufacturers to help them overcome technical hurdles and reduce
time to market when developing a new press.
-
The Company was part of the drupa innovation
park at the drupa trade show in Dusseldorf, Germany, where it
unveiled its Fundamentals proposition to press manufacturers.
The proposition resonated well, in particular our new multi-level
screening technology. The objectives of acquiring new leads
and creating awareness of Fundamentals was achieved.
-
At the drupa trade show, RTI was based on the
OKI stand and demonstrated Harlequin Direct Print driving the
leading-edge OKI C941 and C942 digital production colour
printers. A time-limited copy of Harlequin Direct Print is
being shipped by OKI Europe with each C941 and C942 that is
sold.
UK referendum to
leave the European Union
On 23 June 2016, the population of
the UK voted on a referendum to leave the EU ("Brexit"). While
there will be no immediate change to the Group's corporate
structure and financial reporting requirements, the board will
monitor events to determine how the Group will be affected over the
long term. Other than the general macro-economic environment
over which there is no control, it is the board's view that it will
be business as usual for the coming months. The potential
volatility of exchange rates, particularly the weakness of sterling
against the euro, may have a positive effect on the Group's
reported profitability, but a negative effect on the Group's asset
value when translated to euros.
The Group does derive revenue from
EU member states. During the year ended 31 December 2015,
4.0% of the Group's revenue was from EU member states, excluding
the UK. For the 6 months ending 30 June 2016, EU member state
revenue, excluding the UK, was 10.1% of the Group's total revenue,
with 4.4% of that generated by the Company's subsidiary in
Germany.
A longer term risk is that the UK
will no longer recognise a Societas Europaea ("SE") as a legal
entity. To mitigate this risk the board will start the
process to convert the Company from a UK registered SE to a UK
registered public limited company ("PLC") and for shareholders to
vote on that change at the Annual General Meeting in 2017.
The board is committed to the
Company's listing on Euronext Brussels and has no plans to change
the listing or the reporting currency.
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.
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 |
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Global Graphics SE via Globenewswire
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