Pre-AGM Trading UpdateJune 10, 2013
FOR IMMEDIATE RELEASE
10 June 2013
GLOBO PLC (“Globo” or “the Group”)
Pre-AGM Trading Update
Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, today provides a Trading Update ahead of its Annual General Meeting which is being held at 11.00 a.m. at 60 Cannon Street, London, EC4N 6NP.
Trading to date in 2013 has been strong, with international revenues and profits now dominating the Group’s overall performance. This reflects Globo’s continuing focus on developing its international mobile business, which now represents more than 85% of Group revenues.
The Group continues to invest in its GO!Enterprise offering. This has both gained significant industry recognition from observers such as Gartner, VDC and Ovum, and succeeded in generating revenues through strategic relationships in the rapidly-emerging Bring Your Own Device (BYOD) market.
Following launch at the end of 2011 with initial revenues of €2.0 million, rising in 2012 to €12.0 million, the GO!Enterprise B2E and B2C current subscriber base stands at 130 per cent up year-on-year. Revenues from GO!Enterprise are generated primarily from recurring annual licenses, support contracts, and add-ons, supplemented by specific mobile application development projects.
The successful partnerships with major distributors (ASBIS, COMPUTERLINKS) and device manufacturers (SAMSUNG, PRESTIGIO, etc.) achieved at the end of 2012 are now being implemented leading to initial revenue generation, and we remain enthusiastic about further growth prospects towards the second half of this year.
Under our major North America distribution agreement with INGRAM MICRO for “GO!Enterprise Mobility in a Box” we are currently delivering the first shipment of some 3,000 units with products to be placed with retail outlets such as Arjay Wireless in Northeastern US by the end of the month. The second “full rollout” phase is expected to start in the autumn across the Ingram Micro technology retail network in the US and Canada.
We continue to expand our distribution footprint for the Consumer Mobility offerings CitronGO! and GO!Social, via both existing and new distribution partnerships which today generate revenues from 32 countries in Europe, Africa, Latin America, North America, Asia and the Middle East.
Overall, demand for consumer mobile apps CitronGO! and GO!Social, continues to grow, and is currently up 30 per cent year-on-year, attributable to the significant functionality (email, social networking and instant messaging) these offerings bring to feature phones, particularly in emerging markets.
Globo has continued to invest and innovate in product development, expanding its product portfolio with the launch of new versions and functionality to address market trends and demands. For example, Globo has recently launched its GO!Enterprise247 Cloud offering (www.goenterprise247.com) to offer secure Enterprise mobility through a centralised cloud-based service, and at the same time increase functionality by adding core components to its existing products.
We have participated actively in, and sponsored, a wide range of major market events such as the Barcelona Mobile World Congress, Las Vegas CTIA, Monaco DISTREE, New York Network World, London Info Security, Ireland CIO Summit, Sydney Optus Vision, and London Ovum BYOX, augmented by e-marketing and direct marketing campaigns.
Globo’s non-executive Chairman, Barry Ariko commented:
“Following an outstanding financial performance last year, so far in 2013 Globo has continued to achieve strong revenue and profit growth across both enterprise and consumer segments.
We are totally focused on expanding in the international mobile market where our partner strategy has already delivered significant traction for GO!Enterprise. We have the opportunity to establish a leading position in the SME market, where GO!Enterprise Mobility in a Box has a strong competitive advantage, and early feedback from our North American partner, Ingram Micro, is very encouraging.
Overall, we are in an excellent position to address the BYOD trend and are confident that 2013 will deliver further profitable growth for shareholders.”
Globo’s CEO, Costis Papadimitrakopoulos commented:
“Globo has succeeded in positioning itself as one of the leaders in the BYOD and Mobile Application Development markets today.
Our challenge is to compete in particular against US peers with direct access to what we consider to be the biggest and most developed BYOD market opportunity in the world today.
We remain confident that we are in position to succeed in the US market and, at the same time, utilise our experience in the European market where we are traditionally stronger and more competitive versus our US rivals.
The US launch has been thoroughly prepared in respect of technical infrastructure, marketing, training, sales and support, in order to achieve maximum effectiveness and meet the requirements that this market demands. Now we feel more than confident that we are fully prepared to meet any size of demand from the US launch in the next two weeks.”
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
Mike Jeremy, IRO
RBC Capital Markets
(Nominated Adviser & Broker)
Stephen Foss, Pierre Schreuder or
Simon Bloomfield or Jasper Randall
GLOBO PLC is an international leader and technology innovator delivering mobile, S.a.aS and telecom software products and services. Globo has established itself as one of the market leaders in the ICT market, offering a wide range of products and services to the corporate, public and consumer market. The Group operates internationally through subsidiaries and offices in US, UK, Europe, Middle East and South East Asia. For more information visit the company’s website at www.globoplc.com