Global Graphics News – Page 43 – Just another WordPress site

Global Graphics announces inkjet training course by popular demand

Global Graphics Software, a leading developer and provider of software platforms for digital printing including the Harlequin RIP®, has today announced a training course, Digital Inkjet 101, designed for customers and other interested parties who are new to the digital inkjet industry and who need to quickly obtain a sound understanding of the fundamental technologies.

Tickets for the weeklong course, which will be held week beginning June 26^th, 2017 in Cambridge, UK, will go on sale on the opening day of InPrint USA. Global Graphics is exhibiting on booth 1738.

Eric Worrall, VP technical services, comments: “Adding digital inkjet technologies to your product range opens up exciting opportunities however the question we often hear is where to start: How do I find out what I don’t know, who to ask and how to frame the questions? Our Digital Inkjet 101 course has been set up to provide a great place to start, allowing people new to inkjet to orientate themselves and talk knowledgably to suppliers of software and hardware.”

The course will cover topics ranging from inkjet heads and driver boards, system integration and ink delivery, with a special focus on software – notably variable data and color management – and aspects of workflow screening. Places are limited to 12.

Tickets go on sale on April 25^th, 2017 and are available on a first come, first serve basis at https://www.eventbrite.com/e/digital-inkjet-101-tickets-33489649443, however participants can also register their interest now at digitalinkjet101@globalgraphics.com. Full details about the course are available on the Global Graphics website: http://www.globalgraphics.com/company/events/digital-inkjet-101-training-course.

Editors notes

Notes to editors
About Global Graphics

Global Graphics SE (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics SE. Global Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

Harlequin, the Harlequin logo, and the Harlequin RIP are trademarks of Global Graphics Software Limited, which may be registered in certain jurisdictions. Global Graphics is a trademark of Global Graphics S.E., which may be registered in certain jurisdictions. PostScript is a trademark of Adobe Systems Incorporated, which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.

@Global_Graphics
#HarlequinRIP

Contact

Paula Halpin/Global Graphics Software
+44 1223 926017

paula.halpin@globalgraphics.com

Trading update for the quarter ended 31 March 2017

Cambridge (UK) Tuesday 11 April 2017 (18.00 CEST) – GLOBAL GRAPHICS SE (Euronext: GLOG) provides a trading update for the first quarter of the financial year ending 31 December 2017.

Gary Fry, CEO reports “we have had an extremely strong quarter bearing in mind that there was no exceptional item as there was this time last year. A considerable amount of growth has been due to the acquisition of Meteor Inkjet Limited (“Meteor”). We are extremely pleased with how the integration of Meteor has progressed and with their excellent team. We are also very pleased with the joint opportunities that have already emerged and with the extra value we have been able to generate for our existing joint customers. The inkjet sector is extremely vibrant and represents a strong opportunity for Global Graphics due to our ability to add significant value for manufacturers in terms of software, fonts and drive electronics, individually or as a complete solution.”

Financial highlights for the quarter ended 31 March 2017

The following information is unaudited.

· Revenue for the quarter was €4.70 million (2016: €5.25 million)

· Gross profit for the quarter was €3.61 million, or 77% of sales (2016: €4.94 million, 94% of sales)

· EBITDA for the quarter was €0.73 million (2016: €2.34 million)

· Cash at 31 March 2017 was valued at €4.30 million (2016: €3.41 million)

Segment sales analysis

The following table provides information about revenue for the Group’s operating segments for the quarter ended 31 March 2017.

	Quarter ended 31 March
€ millions	2017	2016
Print	3.88	4.50
eDoc	0.11	0.17
Fonts	0.71	0.58
Total revenue	4.70	5.25

During the quarter ended 31 March 2016, a customer in the Print segment exercised a multi-year option in their contract which resulted in the recognition of revenue totalling €2.87 million during that quarter. There was no such item in the quarter ended 31 March 2017.

Gross profit
Following the acquisition of Meteor in December 2016, the Group’s sales are now comprised of software and a significant proportion of hardware. The hardware revenue attracts a higher cost of sale, resulting in lower gross margins, so gross profit margins will be influenced by the mix of product that is sold during the period.

EBITDA
Historically, the Group has reported its own measure of adjusted operating profit in addition to the IFRS reported profit, however, to be consistent with general practice and to use a more familiar measure, it will report EBITDA as an alternative measure of profit.

EBITDA is calculated by adding back interest, tax, depreciation and amortisation to net profit.

For reference, EBITDA for the preceding three financial years was:

	Year ended 31 December
€ millions	2016	2015	2014
EBITDA	4.29	5.00	3.72

Cash
The Group continues to be free of any interest bearing debt, therefore, has no interest payments or capital repayments to make.

The terms of the acquisition of Meteor necessitates a deferred consideration payment, payable in cash, which is contingent on revenue. The first payment was made during the quarter ended 31 March 2017.

Annual General Meeting

As announced earlier today, the Company’s Annual General Meeting will be held at the offices of Andlinger & Co, Avenue Louise 326, 1050 Brussels, Belgium on Monday 8 May 2017 at 14:00 hrs (CEST).

A copy of the complete notice and other supporting information, including explanatory notes, requirements for proof of ownership of shares and the proxy form, is available for download from the investors section of the Company’s web site at: http://www.globalgraphics.com/investors/shareholders-shareholders-annual-general-meeting.

Results for the six months ending 30 June 2017

The Company expects to publish its condensed consolidated financial statements for the six months ending 30 June 2017 after market close on Wednesday 26 July 2017.

Editors notes

About Global Graphics

Contact

Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com
Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com

Notification of transactions in shares by persons discharging managerial responsibility (“PDMRs”)

Cambridge (UK) 11 April 2017: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Details of the person discharging managerial responsibilities / person closely associated

Name

Guido Van der Schueren

Reason for the notification

Position/status

Chairman

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Global Graphics SE

LEI

213800ZFW446QIHAB654

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification code

Ordinary share

GB00BYN5BY03

Nature of the transaction

Purchase of shares

Price(s) and volume(s)

Price(s)	Volume(s)
EUR 2.50	800,000

Aggregated information

– Aggregated volume

– Price

800,000

EUR 2,000,000

Date of the transaction

2017-03-31

Place of the transaction

Outside a trading venue

Editors notes

About Global Graphics

Contact

Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com
Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com

Notice of Annual General Meeting

Cambridge (UK) 11 April 2017: Global Graphics SE (Euronext: GLOG) announces details of its Annual General Meeting.

Notice is hereby given that the Annual General Meeting of Global Graphics SE will be held at the offices of Andlinger & Co, Avenue Louise 326, 1050 Brussels, Belgium on Monday 8 May 2017 at 14:00 hrs (CEST).

A copy of the complete notice and other supporting information, including explanatory notes, requirements for proof of ownership of shares and the proxy form, is available for download from the investors section of the Company’s web site at: http://www.globalgraphics.com/investors/shareholders-shareholders-annual-general-meeting.

Ordinary Business
To consider and, if thought fit, pass the following resolutions which will be proposed as Ordinary Resolutions:

1. To receive the Company’s annual financial statements and consolidated accounts for the financial year ended 31 December 2016.
2. To reappoint KPMG LLP as auditor to hold office from the conclusion of this meeting until the conclusion of the next general meeting of the Company at which financial statements are laid.
3. To authorise the members of the Company’s administrative organ (the “Directors”) to determine the remuneration of the auditors.
4. To re-elect Guido Van der Schueren as a member of the Company’s administrative organ as Chairman of the Board.
5. To re-elect Gary Fry as a member of the Company’s administrative organ as Chief Executive Officer.
6. To re-elect Johan Volckaerts as a member of the Company’s administrative organ as a non-executive director.
7. To re-elect Graeme Huttley as a member of the Company’s administrative organ as Chief Financial Officer.
8. To approve the Directors’ Remuneration Report (excluding the Directors’ Remuneration Policy) set out on pages 13 to 16 of the annual report for the year ended 31 December 2016.
9. To approve the Directors’ Remuneration Policy, the full text of which is contained in the Directors’ Remuneration Report, as set out on pages 16 to 18 of the annual report for the year ended 31 December 2016, which will take effect immediately after the end of the Annual General Meeting on 8 May 2017.

Special business
To consider and, if thought fit, pass the following resolutions which will be proposed in the case of Resolutions 10 and 12 as Special Resolutions and in the case of Resolution 11 as an Ordinary Resolution:

10. That the Company be generally and unconditionally authorised in accordance with section 693A of the Companies Act 2006 (the “Act”) to make one or more off-market purchases (within the meaning of section 693(2) of the Act) of ordinary shares of €0.40 each in the capital of the Company (ordinary shares) for the purposes of or pursuant to an employee share scheme (within the meaning of section 1166 of the Act) in such manner and upon such terms as the directors may determine, provided that:
· the maximum aggregate number of ordinary shares authorised to be purchased is 1,000,000 (representing 8.80% of the issued ordinary share capital);
· the minimum price (excluding expenses) which may be paid for an ordinary share is the par value of the shares;
· the maximum price (excluding expenses) which may be paid for an ordinary share is an amount equal to the higher of (i) 105% of the average closing price for an ordinary share as derived from Euronext Brussels for the five business days immediately preceding the day on which that ordinary share is purchased, and (ii) the higher of the price of the last independent trade and the highest current independent purchase bid as stipulated by the Commission-adopted Regulatory Technical Standards pursuant to article 5(6) of the Market Abuse Regulation;
· this authority shall expire at the conclusion of the next Annual General Meeting of the Company, or, if earlier, at the close of business on 8 August 2018 unless renewed before that time; and
· the Company may make an offer or agreement to purchase ordinary shares under this authority before the expiry of the authority which will or may be executed wholly or partly after the expiry of the authority, and may make a purchase of ordinary shares in pursuance of any such offer or agreement.

11. That, in substitution for all existing authorities conferred on the Directors, in accordance with section 551 of the Act the Directors be and they are generally and unconditionally authorised to exercise all powers of the Company to allot equity securities (within the meaning of section 560 of the Act), or grant rights to subscribe for, or convert any security into, shares in the Company up to an aggregate nominal amount of €2,000,000, provided that this authority shall expire on the conclusion of the Company’s Annual General Meeting in 2018, or, if earlier, at the close of business on 8 August 2018, save that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot such equity securities in pursuance of such an offer or agreement as if the authority conferred by this resolution had not expired.

12. Subject to the passing of Resolution 11 of the notice of meeting, that, in substitution for all existing authorities conferred on the Directors, the Directors be and they are empowered pursuant to section 570 of the Act to allot equity securities either pursuant to the authority conferred by Resolution 11 above or by way of a sale or transfer of treasury shares as if section 561 of the Act did not apply to any such allotment, sale or transfer provided that this authority shall expire on the conclusion of the Company’s Annual General Meeting in 2018, or, if earlier, at the close of business on 8 August 2018, save that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted, sold or transferred after such expiry and the Directors may allot, sell or transfer equity securities in pursuance of such an offer or agreement as if the authority conferred by this resolution had not expired.

Editors notes

About Global Graphics

Global Graphics SE (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics SE. Global Graphics also has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

Contact

Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com
Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com

Global Graphics extends agreement with Hybrid Software

Global Graphics has extended its existing agreement with HYBRID Software, the developers of productivity tools for the graphic arts industry, to make the entire Hybrid product range available to printer manufacturers and end users in the Asia Pacific market.

Global Graphics is also establishing a distribution channel in Japan for PACKZ, Hybrid’s native PDF editor, and CLOUDFLOW, its Native PDF enterprise workflow, via its Tokyo operation Global Graphics KK.

Yoshiyuki Hagiwara, Representative Director of Global Graphics KK says, “We welcome this extension of our agreement. We can now offer a complementary suite of software that is proving very attractive to OEMs and to packaging printers. They can licence CLOUDFLOW, the Harlequin RIP®, and PACKZ, each tuned to their particular application and environment.”

“Due to the interest in HYBRID Software – which provides a complete set of prepress, editing and quality assurance functions – we also aim to have a distribution network set up very shortly so that we can resell these tools to print service providers.”

Ends

Editors notes

About Global Graphics
Global Graphics SE (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics SE. Global Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

About HYBRID Software

With offices in Belgium, Germany, Italy, US and a global partner network, HYBRID Software is a software development company focused on innovative productivity tools for the graphic arts industry. HYBRID Software´s CLOUDFLOW workflow, our PACKZ editor, and our integration products offer a unique set of advantages that include native PDF workflows, vendor-independent solutions based on industry standards, scalable technology, and low cost of ownership. These products are used by hundreds of customers worldwide in all areas of prepress and print, including labels and packaging, folding cartons, corrugated, wide format, and digital printing. For more information visit: www.hybridsoftware.com

Global Graphics, Harlequin, the Harlequin logo, the Harlequin RIP, are trademarks of Global Graphics Software Limited which may be registered in certain jurisdictions. Global Graphics is a trademark of Global Graphics S.E. which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.

Contact

Jill Taylor/Global Graphics

+44 1223 926489

Jill.Taylor@globalgraphics.com

Global Graphics showcases industrial print line-up at InPrint USA

Global Graphics’ ScreenPro, an innovative screening technology that allows single-pass inkjet presses to achieve significantly enhanced image quality, along with a new engineering service, BreakThrough, will be highlighted by Global Graphics Software at InPrint 2017 on booth 1738.

When deployed across a broad range of applications such as packaging, décor and textile, ScreenPro can maintain application specific print characteristics whilst significantly improving the output quality of designs and images, especially those with graduations, or a full range of tonality. By improving print quality and smoothness, ScreenPro maximizes the color gamut of the printer achieving consistent repeatable colors.

Justin Bailey, Global Graphics’ VP of sales comments: “Industrial printer manufacturers developing high-productivity machines utilising high-resolution technology need to know they can achieve consistent, accurate printing relatively quickly. When ScreenPro and Breakthrough are deployed in tandem, print quality performance is enhanced and time to market is reduced.”

ScreenPro can be applied to any workflow and is also compatible with Fundamentals, Global Graphics’ set of building blocks that are essential to creating a digital front end.

ScreenPro, the digital inkjet screen that can be tuned to a specific press

ScreenPro varies the ink droplet patterns on the substrate, helping to avoid over-inking, mottling and streaking – problems that are frustrating many industrial printer manufacturers. The technology is the result of extensive research and sees technicians measure test prints from single-pass inkjet presses with grayscale heads or multiple nozzle bars and process the results through Global Graphics’ Digital Print Quality Optimizer tool. This calculates optimized patterning and overlaps for the various ink drop sizes available to overcome common high-speed inkjet press problems. Global Graphics measures the printing characteristics of the press and calculates optimal changes in the dot patterning. These mitigate the effect of drops straying in flight from their aim points and possibly then spreading and coalescing on the substrate before they can be cured.

Overcome technical challenges with the help of BreakThrough
BreakThrough is an engineering service for industrial printing press vendors that helps them to overcome any technical challenges that are preventing product shipment. The company’s experts in color, screening and RIPs work alongside the press manufacturer to create a solution that is truly customized to their press and its operating environment. Global Graphics gives the manufacturer access to its tools through its unique pool of print scientists and engineers with decades of specialist knowledge exactly when they need them. Some of the solutions the company is working on include cross head calibration, clustering and chaining on output, ink estimation and controlling the beta test environment.

Editors notes

About ScreenPro
Global Graphics has published a white paper that addresses the quality challenges associated with high-speed grayscale presses and explains how ScreenPro works to mitigate the quality variables. This white paper, “Halftone Screen Optimization for Single-Pass Inkjets,” can be downloaded from the Global Graphics website at www.globalgraphics.com/screening-optimizer-white-paper .

About Global Graphics

Global Graphics (Euronext: GLOG) is a leading developer of software platforms for digital printing, digital document and PDF applications, including the Harlequin RIP. Customers include HP, Quark, Canon, Delphax, Roland and Global Inkjet Systems. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. There are also offices near Boston, Massachusetts and in Tokyo. Additional information is available at http://www.globalgraphics.com Harlequin, the Harlequin logo, and the Harlequin RIP are trademarks of Global Graphics Software Limited, which may be registered in certain jurisdictions. Global Graphics is a trademark of Global Graphics S.E., which may be registered in certain jurisdictions. PostScript is a trademark of Adobe Systems Incorporated, which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.

Contact

Jill Taylor/Global Graphics
+44 1223 926489

Jill.Taylor@globalgraphics.com
Paula Halpin/Global Graphics Software
+44 1223 926017

paula.halpin@globalgraphics.com

Global Graphics SE reports changes in major shareholdings

NOTIFICATION 1

On 4 April 2017, the Company received notification from Powergraph BVBA that they had on an aggregate basis crossed above the threshold of 14.00% of voting rights in the Company’s shares.

The content of the notification received is shown below.

Name of the shareholder:	Powergraph BVBA (previously Parana Management Corp. BVBA)
Contact name:	Guido Van der Schueren
Contact telephone number:	+32 475 84 47 78
Reason for notification:	An acquisition or disposal of voting rights
Date threshold crossed:	31 March 2017
Date of notification:	4 April 2017
Threshold crossed/reached:	14%

Voting rights:

Voting rights attached to shares
Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares of €0.40 each	840,000	840,000	1,640,000	1,640,000	None	14.43%	–

Total voting rights
Number of voting rights	Percentage of voting rights
1,640,000	14.43%

NOTIFICATION 2

On 4 April 2017, the Company received notification from Mr Peter Rosenfeld that they had on an aggregate basis crossed below the threshold of 3.00% of voting rights in the Company’s shares.

The content of the notification received is shown below.

Name of the shareholder:	Peter Rosenfeld
Contact telephone number:	+49 171 5287068
Reason for notification:	An acquisition or disposal of voting rights
Date threshold crossed:	31 March 2017
Date of notification:	4 April 2017
Threshold crossed/reached:	3%

Voting rights:

Voting rights attached to shares
Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares of €0.40 each	400,963	400,963	963	963	Nil	0.0%	Nil

Total voting rights
Number of voting rights	Percentage of voting rights
963	0.00%

NOTIFICATION 3

On 4 April 2017, the Company received notification from Dr Juergen Willrodt that they had on an aggregate basis crossed below the threshold of 3.00% of voting rights in the Company’s shares.

The content of the notification received is shown below.

Name of the shareholder:	Juergen Willrodt
Contact telephone number:	+49 40 609 11700
Reason for notification:	An acquisition or disposal of voting rights
Date threshold crossed:	31 March 2017
Date of notification:	4 April 2017
Threshold crossed/reached:	3%

Voting rights:

Voting rights attached to shares
Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares of €0.40 each	402,963	3.6%	2,963	2,963	Nil	0.03%	Nil

Total voting rights
Number of voting rights	Percentage of voting rights
2,963	0.03%

Editors notes

About Global Graphics
Global Graphics SE (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of software platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics SE. Global Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

Contact

Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com
Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com

GLOBAL GRAPHICS PUBLISHES 2016 ANNUAL REPORT AND FINANCIAL STATEMENTS

Cambridge (UK), 15 March 2017 (18.00 CET): Global Graphics SE (Euronext: GLOG) announces that it has published its annual report and financial statements for the financial year ended 31 December 2016.

The full document is available for download from the investors section of the Company’s web site at: http://www.globalgraphics.com/investors/financial-reports

Should you wish to receive printed copies please send an e-mail to investor-relations@globalgraphics.com or make your request in writing, for the attention of the Company’s Chief Financial Officer, to 2030 Cambourne Business Park, Cambourne, Cambridge, CB23 6DW, UK.

Key consolidated figures

In thousands of euros	2016	2015	Change

Revenue	16,033	15,265	768
Operating (loss)/profit	(674)	1,126	(1,800)
Profit before tax	130	1,216	(1,086)
Tax benefit	466	685	(219)
Profit for the year attributable to equity holders	596	1,901	(1,305)

Basic earnings per share	0.05	0.18	(0.13)

Net cash	4,639	4,235	404

The consolidated pre-tax result was a profit of €0.13 million in 2016 compared with a pre-tax profit of €1.22 million in 2015. The reduction in profitability of €1.09 million is due to:

an increase in revenue of €0.76 million;
an increase in cost of sales of €0.42 million
an increase in selling, general and administrative expenses of €2.10 million;
an increase in research and development expenses of €0.21 million;
an increase in other income less other operating expenses of €0.17 million; and
an increase in foreign exchange gains of €0.71 million.

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 €1.52 million (2015: €1.32 million) related to these assets.

Included in selling, general and administrative expenses is amortisation of €1.07 million (2015: €0.29 million) related to the acquired intangible assets of URW and Meteor and share-based payment expenses of €0.95 million (2015: €0.11 million).

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

The Group presents adjusted financial results 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 and comparability to similar companies in the Group’s industry, many of which present the same or similar adjusted financial information to investors.

In thousands of euros	2016	2015	Change

Adjusted operating profit	3,013	3,215	(202)
Adjusted net profit	3,670	3,597	73

Adjusted basic earnings per share	0.33	0.34	(0.01)

Additional commentary and analysis of the Group’s consolidated results for the year ending 31 December 2016 can be found in the aforementioned annual report and financial statements.

Annual General Meeting
The annual general meeting ("AGM") had been scheduled for Tuesday 25 April 2017 in Brussels, however, due to other business commitments, this has now been re-scheduled to Monday 8 May 2017. The official notice of the AGM will be issued in accordance with applicable legal and regulatory requirements closer to the time.

Editors notes

About Global Graphics

Global Graphics SE (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of software platforms for digital printing, including the Harlequin RIP®. Customers include HP, Canon, Delphax, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. The font foundry, URW++ Design and Development GmbH, and the industrial printhead driver solutions specialists, Meteor Inkjet, are subsidiary companies of Global Graphics SE. Global Graphics has offices in: Boston, US; Tokyo, Japan; and Hamburg, Germany.

Contact

Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com
Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com

Innovation helps single-pass inkjet presses achieve high quality at high speed

Harlequin^® ScreenPro, the innovative screening technology that allows single-pass inkjet presses to achieve significantly better print quality, and a new engineering service, BreakThrough, will be highlighted by Global Graphics Software at Hunkeler Innovationdays 2017.

Harlequin^® ScreenPro significantly improves the printed quality of photographs and similar image types, especially in graduations, anything that requires a full range of tonality, and problematic colors such as olive green or russet. It varies the ink droplet patterns on media, helping to avoid over-inking, mottling and streaking – problems that are frustrating many press manufacturers. The technology is the result of extensive research and sees technicians measure test prints from single-pass inkjet presses with grayscale heads or multiple nozzle bars and process the results through Global Graphics’ Digital Print Quality Optimizer tool. This calculates optimized patterning and overlaps for the various ink drop sizes available to overcome common high-speed inkjet press problems. Global Graphics measures the printing characteristics of the press and calculates optimal changes in the dot patterning. These mitigate the effect of drops straying in flight from their aim points and possibly then spreading and coalescing on the substrate before they can be cured.

Global Graphics has published a white paper that addresses the quality challenges associated with high-speed grayscale presses and explains how Harlequin^® ScreenPro works to mitigate the quality variables. This white paper, “Halftone Screen Optimization for Single-Pass Inkjets,” can be downloaded from the Global Graphics website at www.globalgraphics.com/screening-optimizer-white-paper.

Overcome technical challenges with the help of BreakThrough
Global Graphics will also be highlighting BreakThrough, a new engineering service offered by the company’s experts in color, screening and RIPs to help you bring presses to market quickly. The Global Graphics’ BreakThrough team works side by side with the manufacturer to create a solution that is truly customized to their press and its operating environment. In doing so Global Graphics gives the manufacturer access to its tools through its unique pool of print scientists and engineers with decades of specialist knowledge exactly when they need them. Some of the solutions the company is working on include cross head calibration, clustering and chaining on output, ink estimation and controlling the beta test environment. For more information, a brochure is available from the Global Graphics website: http://www.globalgraphics.com/application/files/6414/7748/8729/Fundamentals_Factsheets_BreakThrough.pdf

Editors notes

About Global Graphics
Global Graphics (Euronext: GLOG) is a leading developer of software platforms for digital printing, digital document and PDF applications, including the Harlequin RIP. Customers include HP, Quark, Canon, Delphax, Roland and Global Inkjet Systems. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. There are also offices near Boston, Massachusetts and in Tokyo. Additional information is available at http://www.globalgraphics.comGlobal Graphics, Harlequin, the Harlequin logo, the Harlequin RIP, are trademarks of Global Graphics Software Limited which may be registered in certain jurisdictions. Global Graphics is a trademark of Global Graphics S.E. which may be registered in certain jurisdictions. PostScript is a trademark of Adobe Systems Incorporated which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.

Contact

Jill Taylor/Global Graphics
+44 1223 926489

Jill.Taylor@globalgraphics.com
Paula Halpin/Global Graphics Software
+44 1223 926017

paula.halpin@globalgraphics.com

Global Graphics SE publishes financial reporting calendar for 2017

Cambridge (UK), 4 January 2017: Global Graphics SE (Euronext: GLOG) expects to publish the following financial information during 2017 after market closing on the following dates:

Date	Publication
Wednesday 15 March	Annual report and accounts for the year ending 31 December 2016
Tuesday 11 April	Trading update for the three months ending 31 March 2017
Wednesday 26 July	Condensed consolidated financial statements for the six months ending 30 June 2017
Wednesday 11 October	Trading update for the quarter and nine months ending 30 September 2017

Annual General Meeting
The Company expects to hold its annual general meeting on Tuesday 25 April 2017 in Brussels. The meeting’s timing, venue, and final agenda will be provided in accordance with applicable legal and regulatory provisions.

Editors notes

About Global Graphics
Global Graphics (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of software platforms on which our partners create solutions for digital printing, digital document and PDF applications. Customers include HP, Corel, Quark, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. There are also offices near Boston, Massachusetts and in Tokyo.

Contact

Graeme Huttley

Chief Financial Officer

Tel: +44 (0)1223 926472

Email: graeme.huttley@globalgraphics.com
Jill Taylor

Corporate Communications Director

Tel: +44 (0)1223 926489

Email: jill.taylor@globalgraphics.com