Global Graphics Plc: Trading Update For The Quarter Ended 31 March 2018

 
TIDMGLOG 
 
 
   PRESS RELEASE - REGULATED INFORMATION 
 
   GLOBAL GRAPHICS PLC: TRADING UPDATE FOR THE QUARTER ENDED 31 MARCH 2018 
 
   Cambridge (UK) Tuesday 10 April 2018 (18.00 CEST) - GLOBAL GRAPHICS PLC 
(Euronext: GLOG) provides a trading update for the first quarter of the 
financial year ending 31 December 2018. 
 
   Gary Fry, Global Graphics CEO comments, "the year has started well with 
a strong performance from all three operating segments.  It is pleasing 
to see that our strategy to offer printer manufacturers a more 
integrated solution for their production digital presses is bearing 
fruit, buoyed by the growth in industrial inkjet markets.  It's also 
pleasing to see that the increasing cooperation between our business 
units and the resulting geographical expansion is contributing to 
revenue growth.  Equally important is that all segments have shown a 
positive operating profit in the quarter, which places us in a good 
position for the remainder of the year." 
 
   Financial highlights for the quarter ended 31 March 2018 
 
   The following information is unaudited. 
 
 
   -- Revenue for the quarter was EUR5.85 million (2017: EUR4.70 million) 
 
   -- Gross profit for the quarter was EUR4.58 million, or 78% of sales (2017: 
      EUR3.61 million, 77% of sales) 
 
   -- Net profit for the quarter was EUR0.82 million (2017: loss of EUR0.11 
      million) 
 
   -- EBITDA for the quarter was EUR1.52 million (2017: EUR0.73 million) 
 
   -- Cash at 31 March 2018 was valued at EUR5.08 million (31 March 2017: 
      EUR4.30 million) 
 
 
   At constant exchange rates (those used for the comparative period in 
2017), revenue would have been approximately EUR0.30 million higher and 
totalled EUR6.15 million.  Net profit and EBITDA would have been 
approximately EUR0.14 million higher and totalled EUR0.96 million and 
EUR1.66 million respectively. 
 
   Segment sales analysis 
 
   The following table provides information about revenue for the Group's 
operating segments for the quarter 
 
   ended 31 March 2018 and 31 March 2017. 
 
 
 
 
                       Quarter ended 31 March 
EUR millions             2018         2017 
Software                     2.49         1.99 
Printhead Solutions          2.49         2.00 
Fonts                        0.87         0.71 
Total revenue                5.85         4.70 
 
 
   Each segment has produced significant revenue growth compared to the 
same quarter in 2017 and the Software and Printhead Solutions segments 
have shown a similar increase when compared to the final quarter of 
2017. 
 
   EBITDA 
 
   EBITDA is calculated by adding back interest, tax, depreciation and 
amortisation to net profit. 
 
   Cash 
 
   The Group continues to be free of any interest-bearing bank debt, 
therefore, has no interest payments or capital repayments to make. 
 
   Deferred consideration payments for the acquisition of Meteor Inkjet 
Limited are contingent on revenue and will be paid annually in arrears. 
No payments are due during this financial year, with the next payment 
expected to be made in Q1 2019. 
 
   About Global Graphics PLC 
 
   Through its operating subsidiaries, Global Graphics PLC 
http://www.globalgraphics.com (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 
https://www.globalgraphics.com/globalgraphics-software/products/fundamentals 
; the type foundry, URW++ Design and Development, 
https://www.urwpp.de/en/ and the industrial printhead driver solutions 
specialists, Meteor Inkjet. http://www.meteorinkjet.com/ 
 
   Global Graphics also has offices in: Florida, USA; Tokyo, Japan; and 
Hamburg, Germany. 
 
   Contacts 
 
 
 
 
Graeme Huttley                           Jill Taylor 
Chief Financial Officer                  Corporate Communications Director 
Tel: [phone]                  Tel: [phone] 
Email:                                   Email: [e-mail] 
[e-mail] 
 
 
 
   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 
 
 
  http://www.globalgraphics.com 
 

(END) Dow Jones Newswires

April 10, 2018 12:00 ET (16:00 GMT)

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