INTERIM REPORT OCTOBER - DECEMBER 2016
Fourth quarter 2016 (October 1 to December 31 2016)
- Net sales for the group for the quarter amounted to 8 052 KUSD
- EBITDA for the group amounted to 694 KUSD
- As a result of the decision taken in August 2015 to move the production from own factory in Denmark to own factory in China, the Denmark factory facilities have been sold end December 2017. All activities regarding the production move have now ended and the total non-recurring costs including sale of building and machinery included in EBITDA for Q4 is 613 USD.
Full year 2016 (January 1 to December 31 2016)
- Net sales for the group for the full year amounted to 41 623 KUSD
- EBITDA for the group amounted to 5 717 KUSD
- All activities regarding the production move have now ended and the total non-recurring costs including sale of buildings and machinery included in EBITDA is 2 164 USD
- During 2016, the group invested in technical and market research in the area of 3D scanning and other 3D applications; the work has not been capitalized so the expenses used have reduced the EBITDA.
Contact Information
Global Scanning A/S Graham Tinn, CEO
Svanevang 2, 3450 Allerød Tel: 0045 48141122, Mail: g.tinn@globalscanning.com
Tel: 0045 48141122 Anja Folkvardsen, CFO
Tel: 0045 48141122, Mail: a.folkvardsen@globalscanning.com
About Us
The Group develops, manufactures and markets large-format scanning solutions for the computer-aided design (CAD), geographic information systems (GIS), reprographic products, copy services and document archiving segments under the brand names of Contex and Colortrac respectively. The scanners digitally capture documents, drawings and other 2D input in order to view, edit, archive, convert or print output data.
The group's products are sold across the world through a value-add distribution network and via OEM agreements with major multinational enterprises within the Large Format Printing industry.
The group has acquired a 3D online sharing platform and plan to combine potential 3D hardware with this platform to create new innovative products in this space.