Global Graphics SE: Trading update for the quarter and nine months ended 30 September 2016
12 Octobre 2016 - 6:00PM
PRESS RELEASE - REGULATED INFORMATION
GLOBAL GRAPHICS: TRADING UPDATE FOR THE QUARTER
AND THE NINE MONTHS ENDED 30 SEPTEMBER 2016
Cambridge (UK)
Wednesday 12 October 2016 (18.00 CEST) - GLOBAL GRAPHICS SE
(Euronext: GLOG), a developer of software platforms for digital
printing, digital document and PDF applications, provides a trading
update for the third quarter and first nine months of the financial
year ending 31 December 2016.
Operational
highlights for the quarter ended 30 September 2016
-
A new bilingual Arabic-Latin language typeface
developed in response to the fast growing Arabic market was
unveiled by Global Graphics' font foundry URW++. Boutros-URW
Franklin Gothic Arabic is the result of a unique collaboration
between London-based Boutros which has specialised in Arabic fonts
since 1966, and URW++.
-
Global Graphics' embedded Harlequin RIP was
chosen by Korean manufacturer Sindoh for a new range of
multi-function office printers that will be sold in Korea, China,
South Africa, the Middle East, with expansion into the European
market.
-
At the IMI Ink Jet Technology Showcase, which
took place on September 7th and 8th in Chicago, Global Graphics'
CTO Martin Bailey discussed the importance of intelligent software
to resolve mechanical quality issues when planning new inkjet
presses.
-
Following the success of the introduction at
drupa, Fundamentals for label and packaging presses was on show at
Label Expo Americas in September.
-
Jeremy Spencer was appointed as VP of print
sales, bringing over 20 years' experience in commercial printing,
digital imaging and industrial inkjet from positions held at
Caldera, XaarJET and X-Rite.
More information about all of the
above can be found in the news section of the Company's website at
http://www.globalgraphics.com/news/
Financial
highlights for the quarter and nine months ended 30 September
2016
The following information is
unaudited.
For the quarter ended 30 September 2016
For the nine months ended 30 September 2016
Cash
Cash at 30 September 2016 was valued at €3.05 million (2015: €2.52
million). The Group continues to have no outstanding debt,
therefore, no interest payments or capital repayments out of cash
flow are required.
Segment sales analysis
The following table provides information about revenue for the
Group's operating segments for the quarter and nine months ended 30
September 2016 and 2015.
|
Quarter ended
30 September |
|
Nine months
ended 30 September |
€ 000s |
2016 |
2015 |
2016 |
2015 |
Print |
2,460 |
2,465 |
9,208 |
9,581 |
eDoc |
1,075 |
466 |
1,521 |
1,738 |
Fonts |
554 |
48 |
1,842 |
48 |
Total revenue |
4,089 |
2,979 |
12,571 |
11,367 |
On 4 March 2014, the Company
announced that it had signed a contract to license its Harlequin
technology to a global manufacturer of office printing devices to
drive their single function, multi-function and production
printers. During the quarter, €0.04 million (2015: €0.12
million) was recognised as revenue from this contract, making a
total of €0.23 million that has been recognised as revenue during
the nine months ended 30 September 2016 (2015: €3.59 million).
Strategic market sales analysis
The following table shows the revenue attributable to each of the
strategic markets for the quarter and nine months ended 30
September 2016 and 2015.
|
Quarter ended
30 September |
|
Nine months
ended 30 September |
€ 000s |
2016 |
2015 |
2016 |
2015 |
High-speed |
711 |
729 |
1,562 |
1,838 |
In-house |
13 |
89 |
36 |
120 |
Office |
1,109 |
764 |
2,237 |
5,578 |
Traditional |
1,702 |
1,349 |
6,894 |
3,783 |
Fonts |
554 |
48 |
1,842 |
48 |
Total revenue |
4,089 |
2,979 |
12,571 |
11,367 |
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:
Graeme Huttley |
Jill Taylor |
Chief Financial Officer |
Corporate Communications Director |
Tel: +44 (0)1223 926472 |
Tel: +44 (0)1223 926489 |
Email: graeme.huttley@globalgraphics.com |
Email: jill.taylor@globalgraphics.com |
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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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