Global Graphics PLC: Publication of 2018 half year financial report
25 Juillet 2018 - 6:00PM
PRESS RELEASE - REGULATED INFORMATION GLOBAL GRAPHICS PUBLISHES
2018 HALF YEAR FINANCIAL REPORT
Cambridge (UK),
25 July 2018 (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 2018. 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 2018
-
Revenue for the period was €11.36 million,
compared with €10.17 million for the same period in 2017, an
increase of 11.8%.
-
The IFRS pre-tax result was a profit of €1.53
million for the period, compared with a profit of €0.16 million for
the same period in 2017.
-
EBITDA for the period was €2.92 million,
compared with €1.75 million for the same period in 2017.
-
Cash was valued at €5.00 million at 30 June
2018.
-
The Company's measure of adjusted operating
profit showed a profit of €2.27 million for the period, compared to
a profit of €1.03 million for the same period in 2017.
Gary Fry, Global Graphics CEO
comments, "A solid performance in the first half of the year keeps
us on plan. It is very pleasing to see that all three
operating segments have put in a strong performance and made key
wins in strategic accounts.
"This achievement comes from
maintaining focus on our strategy, notably the fast-growing market
for inkjet solutions and for digital font technology.
Innovative breakthroughs in printing software, such as our
ScreenPro screening engine, make it possible for press vendors to
meet the challenge of achieving high-quality at high-speed with
inkjet. We have seen this particularly in the labels and
packaging market. As a Group we can offer a powerful
combination of software and printhead driver solutions which has
opened up new relationships.
"URW continues to develop its
digital font library with new releases and enhancements to existing
fonts. It is delivering on its plan to expand its
geographical footprint, notably into Japan and the UK and is making
inroads to the US market, working with major brands on their
corporate identity and with printer OEMs.
"We expect a very busy second half
of the year with attendance at key industry gatherings such as the
ceramics exhibition Tecnargilla in Italy, the type conference ATypI
in Amsterdam, Label Expo Americas in Chicago, the Inkjet Conference
in Dusseldorf, and the industrial print show InPrint in Milan."
About Global Graphics
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 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 |
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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