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.
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