INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015
Globo plc (LSE-AIM: GBO / OTCQX: GOBPY), the international provider of Enterprise Mobility Management (EMM), mobile solutions and software as a service (SaaS), is pleased to announce its unaudited interim results for the six months ended 30 June 2015.
Financial highlights
• Revenue up 56% to €72.4 million (H1 2014: €46.5 million)
o GO!Enterprise revenue up 126% to €44.9 million (H1 2014: €19.9 million)
o CitronGO! and GO!Social revenue up 6% to €21.3 million (H1 2014: €20.1 million)
o Telecom & SaaS revenue grew 16% YoY to €5.0 million (H1 2014: €4.3 million)
• The Group continues to build on its strong recurring revenue streams:
o GO!Enterprise EMM & MADP had a renewal rate of the prior year's licences of roughly 99%
o 68% of GO!Enterprise MBS project revenue was generated by repeat orders
• H1 Gross profit margin increased to 59% (H1 2014: 58%) primarily due to the increased proportion of direct sales
• EBITDA increased 55% to €34.2 million (H1 2014: €22.0 million)
• Last twelve months (LTM) EBITDA was €63.1 million
• Profit before tax rose 37% to €22.0 million (H1 2014: €16.1 million)
• Earnings per share increased 14% to €0.049 (H1 2014: €0.043)
• Net cash generated from operations increased to €21.0 million (H1 2014: €16.6 million)
• Free cash flow1 of €7.2 million (H1 2014: €4.2 million)
• LTM free cash flow of €10.3 million
• Net cash position increased to €47.4 million (31 December 2014: €40.4 million)
