Helix News

The consolidated pre-tax result was a profit of €2.87 million in 2018 compared with a pre-tax loss of €0.16 million in 2017.  The increase in profitability of €3.03 million is due to:

• an increase in revenue of €3.38 million (€3.73 million of 2018 revenue is expected to be non-recurring, see below for more information);
• a decrease in cost of sales of €0.13 million;
• an increase in other income of €0.02 million;
• an increase in selling, general and administrative expenses of €0.59 million;
• an increase in research and development expenses of €0.36 million;
• a decrease in other operating expenses of €0.51 million;
• an increase in finance income of €0.02 million; and
• a decrease in foreign exchange gains of €0.08 million

Revenue for the Software segment totalled €9.98 million for the year (2017: €9.08 million).  Revenue from existing customers declined by €0.93 million year on year, offset by revenue from new customers and licensing deals of €1.83 million, of which €1.48 million is expected to be non-recurring.

Revenue for the Printhead Solutions segment was €9.20 million for the year (2017: €7.68 million).  The number of customers for which revenue was recognised during the year increased by 24.5% over the previous year.  Sales in Europe remained flat, but there was 64.3% (€0.70 million) growth in North America and 13.7% (€0.72 million) growth in Asia.  The growth in Asia included €0.67 million which is expected to be non-recurring.

Revenue for the Fonts segment was €4.75 million for the year (2017: €3.78 million).  During the year a new contract was signed in the Fonts segment which generated €1.58 million in revenue.  The revenue from that contract is non-recurring and is not expected to be repeated.

Gross profit for the period has improved to 79.3% of revenue (2017: 75.2%).  Margins were improved across all segments of the Group.

Included in selling, general and administrative expenses is amortisation of €1.16 million (2017: €1.52 million) related to intangible assets recognised as a result of acquisitions and €0.31 million (2017: €0.06 million) related to share-based payment expenses.

Included in research and development expenses is the capitalisation and amortisation of internally generated intangible assets.  During the period there was a net expense of €0.36 million (2017: €0.18 million) related to these assets.  The net expense was comprised of €1.41 million (2017: €1.46 million) in amortisation charge offset by €1.05 million (2017: €1.28 million) in capitalisation of development expenses.

The exchange rate gains are primarily due to the revaluation of currency balances held at the balance sheet date and the change in exchange rates during the year.

The Group presents EBITDA (earnings before interest, tax, depreciation and amortisation) and adjusted profit when reporting its financial results to provide investors with an additional tool to evaluate the Group’s results in a manner that focuses on what the Group believes to be its underlying business operations.  The Group’s management believes that the inclusion of adjusted financial results provides consistency and comparability with past reports.

Additional commentary and analysis of the Group’s consolidated results for the year ending 31 December 2018 can be found in the annual report and financial statements.

Annual General Meeting
The Company expects to hold its annual general meeting on Wednesday 15 May 2019 in Brussels.  The official notice of the meeting will be issued in accordance with applicable legal and regulatory requirements closer to the time.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 ON MARKET ABUSE REGULATION ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE PURPOSES OF MAR.

CONGRA SOFTWARE AND GLOBAL GRAPHICS ANNOUNCE THE RESULTS OF THE INITIAL ACCEPTANCE PERIOD FOR THE MANDATORY PUBLIC TAKEOVER BID IN CASH BY CONGRA SOFTWARE FOR THE REMAINING ISSUED SHARE CAPITAL OF GLOBAL GRAPHICS

Cambridge, U.K. & Belgium 1 March 2019 (08:00 CET)

Global Graphics PLC (Euronext: GLOG) (Global Graphics) and Congra Software S.à.r.l. (Congra) announce the results of the initial acceptance period with respect to the mandatory public takeover bid in cash by Congra for all shares not yet owned by Congra (and its affiliates/concert parties) amounting to a total maximum of 64.11% (approximately) of the shares issued by Global Graphics (the Takeover Bid).

The initial acceptance period was launched on 24 January 2019 and ended on 25 February 2019 (inclusive) at 4:00 p.m. CET (3:00 p.m. GMT). During the initial acceptance period 1,680,099 shares of Global Graphics, representing 14.33% (approximately) of the voting rights in Global Graphics, were tendered in the Takeover Bid. In addition, during the initial acceptance period, 57,849 shares of Global Graphics, representing 0.49% (approximately) of voting rights in Global Graphics, were acquired through market order transactions. The price per share paid in these market order transactions amounted to EUR 4.25 or below.

For Congra

About Congra
Congra is a holding company which, through its subsidiaries, develops and sells enterprise software for the graphics arts industry. The operating subsidiaries trade primarily under the name of HYBRID Software (https://www.hybridsoftware.com), selling their solutions including Cloudflow and Packz. Mr. Guido Van der Schueren is the controlling shareholder of Congra and has been Chairman of Global Graphics since May 2014.

About Global Graphics
Through its operating subsidiaries, Global Graphics PLC (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; the type foundry, URW Type Foundry, and the industrial printhead driver solutions specialists, Meteor Inkjet.

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