Global Graphics PLC: Publication of 2017 half year financial report
26 Juillet 2017 - 6:00PM
PRESS RELEASE - REGULATED INFORMATION GLOBAL GRAPHICS PUBLISHES
2017 HALF YEAR FINANCIAL REPORT
Cambridge (UK),
26 July 2017 (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 2017. 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 2017
-
Revenue for the period was up 20% on the same
period in 2016, from €8.48 million to €10.17 million. There
was an exceptional item of €2.87 million of revenue during the 6
months ending 30 June 2016 that did not recur during the 6 months
ending 30 June 2017.
-
The pre-tax result was a profit of €0.16 million
for the period, compared with a profit of €1.04 million for the
same period in 2016.
-
EBITDA for the period was €1.75 million,
compared with €3.30 million for the same period in 2016.
-
Cash and cash equivalents increased by €0.10
million during the period to €4.74 million.
-
The Company's measure of adjusted operating
profit showed a profit of €1.03 million for the period, compared to
a profit of €1.99 million for the same period in 2016.
Gary Fry, Global Graphics CEO
comments, "We are delighted with our top line growth and sustained
profitability. We have achieved record revenues since my
tenure without the impact of a single new large deal, which
highlights the healthy performance of our underlying core
business. It is also pleasing to note that we remain in a
strong cash position.
"The Meteor Inkjet business is
progressing well and the inkjet sector as a whole continues to show
exciting growth. This acquisition is enabling us to
deliver on our strategy to become the go-to player for high-speed
inkjet OEMs across a broad range of sectors, such as industrial and
functional printing. We have become an important player in the
ecosystem because we offer printhead driver systems, software
solutions, and the engineering capability to provide technology
innovation.
"Our partnership with HYBRID
Software is also progressing very well. HYBRID use the
Harlequin RIP in their workflow product and there are now a number
of systems in the field. We offer HYBRID labels and packaging
software as a component in our Fundamentals digital front end.
"The second half of the year will
see us exhibit at LabelExpo, the major international label
exhibition. A number of OEMs in this segment are now using
our solutions and we expect to be able to provide more detail in
the next few months."
About Global Graphics
Global Graphics PLC (Euronext:
GLOG) http://www.globalgraphics.com is a leading
developer of platforms for digital printing, including the
Harlequin RIP®. Customers include HP, Canon, Delphax, Roland,
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.
The font foundry, URW++ Design and Development GmbH, and the
industrial printhead driver solutions specialists, Meteor Inkjet,
are subsidiary companies of Global Graphics SE. Global
Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg,
Germany.
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 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 PLC via Globenewswire
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