Global Graphics PLC: Global Graphics Announces Significant Revenue and EBITDA Growth in 2021 Half Year Financial Report
28 Luglio 2021 - 8:00AM
Global Graphics PLC: Global Graphics Announces Significant Revenue
and EBITDA Growth in 2021 Half Year Financial Report
PRESS RELEASE – REGULATED
INFORMATION
GLOBAL GRAPHICS ANNOUNCES SIGNIFICANT
REVENUE AND EBITDA GROWTH IN
2021
HALF YEAR FINANCIAL
REPORT
Cambridge
(UK), 28
July 2021
(08.00
CEST):
Global Graphics PLC (Euronext: GLOG) announces it has published its
half year report and unaudited condensed consolidated interim
financial statements for the six months ended 30 June 2021 which
show significant revenue and EBITDA growth.
Revenue (unaudited) from continuing operations
for the period was up 99.7% to €23.77 million, compared with €11.90
million for the same period in 2020 and EBITDA (unaudited)
increased 48.6% to €5.81 million from €3.91 million in 2020.
Mike Rottenborn, Global Graphics CEO comments, ““Global Graphics
started 2021 with the acquisition of HYBRID Software, a strategic
technology partner which effectively doubled our headcount and
revenue. It brings extensive expertise in labels and packaging, a
worldwide sales and technical organisation, a growing recurring
revenue component, and most importantly, a very profitable end-user
sales presence to the group. Revenues from HYBRID for the first
half of 2021 were €10.4 million, an increase of more than 30% from
2020, with EBITDA at 35% of revenue.
“Meteor Inkjet outperformed its revenue targets again, with
continued strong sales in the Chinese ceramics market. However,
sales from outside of China continue to grow, both due to increased
orders from existing customers worldwide and from many new
customers, especially in the 3-D printing and additive
manufacturing segment.
“Xitron’s sales have been bolstered both by increased OEM
business and by end users upgrading older Navigator RIPs to the
newest version built on Harlequin V13. As the industry resumes
physical, in-person trade shows in the US later this quarter, we
expect Xitron’s revenues to continue to increase.
“Global Graphics Software (GGS) has started to see an uptick in
the royalties from key OEM customers as the pandemic recedes,
although this is a lagging indicator of the recovery since
royalties are not reported until printing devices are installed and
signed off by customers. The cancellation of drupa earlier this
year also resulted in the postponement of some OEM product
launches. However, GGS with other Group companies, pressed ahead
with the introduction of our first co-developed product, the
SmartDFE, a turnkey Digital Front End for inkjet printers of labels
and product packaging which has stimulated much interest in the
industry.
“Our results set us on the right path for future growth and I
anticipate the remainder of 2021 to show a strong performance
also.”
Global Graphics Chairman Guido Van der Schueren adds, ““These
results underline how HYBRID Software and Global Graphics together
are a winning combination. HYBRID Software has immediately
contributed to the Group’s results and cash position and I have
been delighted with the smooth integration of the businesses
following the completion of the acquisition.
“Together we occupy a unique position in the industry as
provider of hardware and software components to OEM and end-user
customers required to drive digital printing equipment. We have
many customers in common who are excited about the opportunities
presented by a broader range of innovative solutions. These are
encouraging signals for future growth and value for
shareholders.”
Financial highlights
(unaudited)
Following the acquisition of HYBRID Software
Group S.à r.l. (“HYBRID Software”) on 12 January 2021 and
significant year-on-year growth from the Printhead Solutions
segment, revenue and EBITDA from continuing operations for the six
months ended 30 June 2021 have improved significantly over the same
period in 2020.
Please refer to the half year report and
unaudited condensed consolidated interim financial statements for
the six months ended 30 June 2021 for more detailed information and
analysis. The full document is available to download from
https://investor.globalgraphics.com/investors/financial-reports.
- Revenue from continuing operations
for the period was up 99.7% to €23.77 million, compared with €11.90
million for the same period in 2020.
- IFRS profit before tax from
continuing operations for the period remained stable at €1.98
million (2020: €1.91 million).
- EBITDA from continuing operations
increased 48.6% to €5.81 million from €3.91 million in 2020.
- Cash increased during the period by
€6.78 million and was valued at €13.61 million at 30 June
2021.
With the addition of HYBRID Software to the
Group, the Group’s reporting segments are now:
- Printing Software (previously named
Software), for digital printing software;
- Printhead Solutions, for
electronics and software developed for industrial inkjet
printing;
- Enterprise Software (a new
segment), for enterprise workflow software used primarily for the
production of labels & packaging; and
- Group (previously named
Unallocated), for group related expenses that are not allocated to
another segment.
Segment financial highlights for the 6 months
ending 30 June 2021 (unaudited):
Euro millions |
Printing Software |
Printhead Solutions |
Enterprise Software |
Group |
Total |
External revenue |
5.17 |
8.22 |
10.38 |
- |
23.77 |
EBITDA |
0.24 |
2.37 |
3.72 |
(0.52) |
5.81 |
About Global GraphicsThrough
its operating subsidiaries, Global Graphics PLC (Euronext Brussels:
GLOG) is a leading developer of integrated hardware and software
solutions for graphics and industrial 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; pre-press workflow
developers Xitron and enterprise software developer HYBRID
Software.
Contacts
Jill Taylor |
Graeme Huttley |
Corporate Communications
Director |
Chief Financial Officer |
Tel: +44 (0)1223 926489 |
Tel: +44 (0)1223 926472 |
Email: jill.taylor@globalgraphics.com |
Email: graeme.huttley@globalgraphics.com |