Global Graphics Plc: Publication Of 2019 Half Year Financial Report
July 30 2019 - 1:00AM
UK Regulatory
TIDMGLOG
PRESS RELEASE -- REGULATED INFORMATION
GLOBAL GRAPHICS PUBLISHES 2019 HALF YEAR FINANCIAL REPORT
Cambridge (UK), 30 July 2019 (08.00 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 2019. The full document is available for download from
the investors section of the Company's website at:
https://www.globenewswire.com/Tracker?data=dFzNxeUf34iJHkh-Bv5l3igXAgideH5pLWequf0JUWSiy5FCf1TGm9f898ey4X-Mey7ZDLDgwSxgH-7Vd6DwX6608bc3Vly1iJEzkZ4222lQ4mRPiwB0S1cuDEVjsMMJ_HJUmJGza3uvOtvVyV34f4VlSjYA8PQDxmzMdSWHA6ljyNiqobTCIbFhaIf1TpHP
http://www.globalgraphics.com/investors/financial-reports
Financial highlights of the six months ended 30 June 2019
-- Revenue for the period was EUR11.30 million, compared with EUR11.36
million for the same period in 2018.
-- The net profit for the period was EUR0.68 million for the period,
compared with a net profit of EUR1.53 million for the same period in
2018.
-- EBITDA for the period was EUR2.50 million, compared with EUR2.92 million
for the same period in 2018.
-- Cash was valued at EUR4.86 million at 30 June 2019.
-- The Company's measure of adjusted operating profit showed a profit of
EUR1.50 million for the period, compared to an adjusted operating profit
of EUR2.27 million for the same period in 2018.
Please refer to the report and financial statements for more detailed
information and analysis.
Gary Fry, Global Graphics CEO comments, "Overall, our performance for
the first half of 2019 is in line with our expectations and the guidance
we set at the start of the year. However, the performance of individual
operating segments has varied from what we had expected.
"Whilst the Software segment had a strong first half-year, partly due to
the extension of a major contract, our Printhead Solutions segment was
adversely affected. We are seeing the impact of the slowdown in the
Chinese economy, reflected notably in the ceramics sector. We are,
however, confident in our business model and are very pleased to see
that revenues from this segment outside of the top three customers has
grown in the first half of 2019 compared with the same period in 2018.
The Fonts segment had another strong first half-year and continues to
perform well.
"We have made some significant advances in enabling our Printhead
Solutions segment to be supported by the unique propositions that our
Software segment has to offer, namely ScreenPro(TM) and PrintFlat(TM).
More customers are working with us across the entire suite of our
portfolio, proving that our strategy to be a strategic partner to inkjet
machine manufacturers is gaining traction. We have seen a number of
contract wins and early successes in Europe and the USA and are starting
to see some green shoots in Japan.
"In the Fonts segment our strategy for international expansion is going
to plan and we are now seeing consistent revenue from all the
geographical locations in which we have invested.
"We remain confident in our overall business strategy as we gear up to a
2020 drupa year."
Conference call
The Board will be available to discuss the results by way of a
conference call on Wednesday 31 July 2019 at 10:00 BST (11:00 CEST).
To register for the conference call and receive the joining instructions,
please click the following link and enter the information requested:
https://www.globenewswire.com/Tracker?data=dFzNxeUf34iJHkh-Bv5l3vNypep6NdFqYdLZSkjYBSQQ8cpmKeKfed0nn2lpKlcZ4BxRqZIihSENc_E6RB05sI-BZItCkfQIgSm0LAKZt47TK5FWoyL7GEfm0o6ErMsk9_u0L1hxaKrJJBmF7hrY49o0gI2v5-kHlyiU_yMzFqfS2R7th21xONX_wYmy9hQwZGmdRGGRyY8ufGxpQvv97A==
https://zoom.us/meeting/register/b265a39fba82088cc5b9141539e44ee6
About Global Graphics
Through its operating subsidiaries, Global Graphics PLC
https://www.globenewswire.com/Tracker?data=jtkPmZP91GB3t6CmzSh23Yuwvdxd3kV9vsXMxcZdF0D9RVviyS-OdvDZrmpI6ji3cWwM3KirRnAJx_yGk7n4JSdqtOuxPcQGE-WyTk6eO5s=
(Euronext Brussels: 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
https://www.globenewswire.com/Tracker?data=jtkPmZP91GB3t6CmzSh23bfqku1uVqVm_KRQKRV0z67ULAccl1-yVod916xcwPACkISGHsvrARbuLXqsIrx288FyNVlK5TTSFZHvDcP9rCYba5L1lUkKn380kWjdaq9RAgAx3VhJn4pCxOk5Nc7fow==
; the type foundry, URW Type Foundry
https://www.globenewswire.com/Tracker?data=ypUdf5wbp7m47uNOysG07_j9_u_Ra4ALT1XbYlI8fl9hp24O2yHgddvBk_9dBCR3DYI2UZF6URsp7pNs-9HKcT9cg_ctZDRWRwShDelGlpY=
, and the industrial printhead driver solutions specialists, Meteor
Inkjet
https://www.globenewswire.com/Tracker?data=PCX0qYDy5D724ZuMdb3owXi7-jvNRRIdLseiTUA0wATMuCUGoS0uwcHySixru029aAL-9OeuTv93LlO-XJlnr5XF7VY_C41HQ1kGYjy74E8=
.
Contacts
Jill Taylor Graeme Huttley
Corporate Communications Director Chief Financial Officer
Tel: +44 (0)1223 926489 Tel: +44 (0)1223 926472
Email: mailto:jill.taylor@globalgraphics.com?subject=Press%20release%20enquiry Email: mailto:graeme.huttley@globalgraphics.com?subject=Press%20release%20enquiry
jill.taylor@globalgraphics.com graeme.huttley@globalgraphics.com
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