Global Graphics Plc: Publication Of 2019 Half Year Financial Report

 
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: [phone]                                                         Tel: [phone] 
Email: mailto:[e-mail]?subject=Press%20release%20enquiry  Email: mailto:[e-mail]?subject=Press%20release%20enquiry 
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July 30, 2019 02:00 ET (06:00 GMT)

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