Global Graphics shows strong business growth in 2020 half year financial report
Cambridge (UK), 4 August 2020 (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 2020.
Continuing operations for the six months ended 30 June 2020 have improved significantly over the same period in 2019:
- Revenue for the period was up 24.2% to €11.90 million, compared with €9.59 million for the same period in 2019.
- Net profit for the period increased by 287% to €2.08 million for the period, compared with a net profit of €0.53 million for the same period in 2019.
Additionally, during the period, the Group divested its Font segment for a gross gain of €5.36 million to focus on its core business of hardware and software for inkjet applications.
“Although the COVID-19 pandemic has been a tremendous challenge for Global Graphics and our customers, we’ve seen very strong demand for our industrial inkjet solutions in the Asia Pacific region, as well as software sales that continue to exceed expectations. We remain optimistic that the global economy will recover quickly and reaffirm our commitment to supplying innovative hardware and software solutions for digital printing and industrial inkjet applications,” says CEO Mike Rottenborn.
Please refer to the half year report and condensed consolidated interim financial statements for the six months ended 30 June 2020 for more detailed information and analysis. The full document is available to download from https://investor.globalgraphics.com/investors/financial-reports.
About Global Graphics
Through its operating subsidiaries, Global Graphics PLC (Euronext Brussels: GLOG) is a leading developer of platforms for digital inkjet printing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen and Mark Andy. Global Graphics PLC is headquartered in Cambridge UK. Its subsidiary companies are printing software developers Global Graphics Software; the industrial printhead driver solutions specialists, Meteor Inkjet; and the pre-press software specialists Xitron.
Jill Taylor, Corporate Communications Director
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Graeme Huttley, Chief Financial Officer
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