Global Graphics Plc: Global Graphics Shows Strong Business Growth In 2020 Half Year Financial Report
04 August 2020 - 4:00PM
UK Regulatory
TIDMGLOG
PRESS RELEASE -- REGULATED INFORMATION
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 EUR11.90 million, compared with
EUR9.59 million for the same period in 2019.
-- Net profit for the period increased by 287% to EUR2.08 million for the
period, compared with a net profit of EUR0.53 million for the same period
in 2019.
Additionally, during the period, the Group divested its Font segment for
a gross gain of EUR5.36 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://www.globenewswire.com/Tracker?data=8Mn48VmcIddRGlADQHT_IO4ob2duL9rVBM3GCQImYkmbxL9q2kLok2SiaqQYd-jS62DvqXSu-gkR24sX8JE8thkiw78oYW1sXo6UyKmxclSQewNBKnMTvPDGIqf-L6Fh4ns8Dx2EtJ6A1yP4Ra8uDqgn5zcKex4AAn_IHyCeypitTrH6tXQzKa87lUXLEYg2mAPd8--g2ojWQeKzPcX1HQ==
https://investor.globalgraphics.com/investors/financial-reports.
About Global Graphics
Through its operating subsidiaries, Global Graphics PLC
https://www.globenewswire.com/Tracker?data=KsClhR8ZQR9z8Y5T6NVJzf16Aky7Rlo0aBUjeiMFZ4sVRlCOhjhHVGrtjMOUliBjdGDYhTk6ctUKNH2WYEKjWrue9cpE5EvciyXW84oz0VM=
(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
https://www.globenewswire.com/Tracker?data=KsClhR8ZQR9z8Y5T6NVJzTjRMTR2VZQS5oyhe0O1UQki1AVnitQyxVGaJaz1M2OmFDj93iA1NlxuMEN_D2xjOYEF0nwuQCkVvA0pM5pVqxKJ_bIh3Lqf0hbxQcjd7WERJUX77m1t0ekx0e7BxIoW0g==
; the industrial printhead driver solutions specialists, Meteor Inkjet
https://www.globenewswire.com/Tracker?data=ygfjXXfnIB8CJY7miJZy9sVgZlYPjiYaCM8iWtyPwze2b0qdFUBRBalEET2X8LCWBWQJu76RiwpY1JJHNQpxcRFZh66Ev9hXmY1t0cWsAKw=
; and the pre-press software specialists
https://www.globenewswire.com/Tracker?data=0oaucIxTTvqnMEa2-MWWjCw9f5kHiWikhhqrvbEZzBOBvMhnGv9eFnvyybFm2UTDPxbN8v3WuOXq8Y_q7_LAiA==
Xitron.
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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