Global Graphics PLC: Trading update for the quarter ended 31 March 2018
10 Avril 2018 - 6:00PM
PRESS RELEASE - REGULATED INFORMATION
GLOBAL GRAPHICS
PLC: TRADING UPDATE FOR THE QUARTER ENDED 31 MARCH 2018
Cambridge (UK)
Tuesday 10 April 2018 (18.00 CEST) - GLOBAL GRAPHICS PLC
(Euronext: GLOG) provides a trading update for the first quarter of
the financial year ending 31 December 2018.
Gary Fry, Global Graphics CEO
comments, "the year has started well with a strong performance from
all three operating segments. It is pleasing to see that our
strategy to offer printer manufacturers a more integrated solution
for their production digital presses is bearing fruit, buoyed by
the growth in industrial inkjet markets. It's also pleasing
to see that the increasing cooperation between our business units
and the resulting geographical expansion is contributing to revenue
growth. Equally important is that all segments have shown a
positive operating profit in the quarter, which places us in a good
position for the remainder of the year."
Financial
highlights for the quarter ended 31 March 2018
The following information is
unaudited.
-
Revenue for the quarter was €5.85 million (2017:
€4.70 million)
-
Gross profit for the quarter was €4.58 million,
or 78% of sales (2017: €3.61 million, 77% of sales)
-
Net profit for the quarter was €0.82 million
(2017: loss of €0.11 million)
-
EBITDA for the quarter was €1.52 million (2017:
€0.73 million)
-
Cash at 31 March 2018 was valued at €5.08
million (31 March 2017: €4.30 million)
At constant exchange rates (those
used for the comparative period in 2017), revenue would have been
approximately €0.30 million higher and totalled €6.15
million. Net profit and EBITDA would have been approximately
€0.14 million higher and totalled €0.96 million and €1.66 million
respectively.
Segment sales analysis
The following table provides information about revenue for the
Group's operating segments for the quarter
ended 31 March 2018 and 31 March 2017.
|
Quarter ended
31 March |
€ millions |
2018 |
2017 |
Software |
2.49 |
1.99 |
Printhead Solutions |
2.49 |
2.00 |
Fonts |
0.87 |
0.71 |
Total revenue |
5.85 |
4.70 |
Each segment has produced
significant revenue growth compared to the same quarter in 2017 and
the Software and Printhead Solutions segments have shown a similar
increase when compared to the final quarter of 2017.
EBITDA
EBITDA is calculated by adding back interest, tax, depreciation and
amortisation to net profit.
Cash
The Group continues to be free of any interest-bearing bank debt,
therefore, has no interest payments or capital repayments to
make.
Deferred consideration payments
for the acquisition of Meteor Inkjet Limited are contingent on
revenue and will be paid annually in arrears. No payments are
due during this financial year, with the next payment expected to
be made in Q1 2019.
About Global
Graphics PLC
Through its operating
subsidiaries, Global Graphics PLC (Euronext: 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++ Design and Development, and the industrial printhead
driver solutions specialists, Meteor Inkjet.
Global Graphics also has offices
in: Florida, USA; Tokyo, Japan; and Hamburg, Germany.
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 PLC via Globenewswire
GasLog (NYSE:GLOG)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
GasLog (NYSE:GLOG)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024