Globo tops forecasts as GO!Enterprise sales soar
7:47 am by Philip WhiterowThe mobile software businesses contributed the majority of profits.



Booming sales of Globo’s (LON:GBO) business–focused GO!Enterprise software will see the company top market expectations for 2012.

Go!Enterprise sales jumped by more than 500% to €12mln last year and helped to lift underlying group revenues by 66% to €46mln.

GO!Enterprise is Globo’s flagship product in the rapidly growing Bring-Your-Own-Device (BYOD) market and enables employees to bring workplace email, data, and applications securely onto their personal smartphone or tablet.

Underlying earnings (EBITDA) in 2012 will 42% higher at a minimum €29 mln.

The ongoing mobile software businesses contributed the majority of profits. During the year the company disposed of its legacy Greek businesses. Including the Greek operations total revenues rose 28% to €58 mln.

The company’s two consumer software businesses, CitronGO! and GO!Social posted combined revenues 25% ahead at €29 mln.

The sale of the Greek operations has resulted in a significant positive impact on the group's business and balance sheet, Globo said, with cash at the year end rising to €19 mln.

Globo added that US acquisiton Dialect Technologies had been successful in all respects and is now the the hub of the US operations and sales for GO!Enterprise.

The US market will become a very significant contributor to future group performance, the company added and its plans include acquisitions of technology firms that operate in similar fields of the mobile market focusing on the US and UK.

Globo's chief executive, Costis Papadimitrakopoulos, said: "This was another excellent year for Globo. Starting with the acquisition of Dialect in February and continued demand for our solutions throughout the year, we ended 2012 with a strategic and well executed divestment from our Greek operations.

"For us, 2012 was the year in which Globo completed its transformation into a truly international technology vendor in the hottest place in the technology market today - enterprise mobility and BYOD."

Congratulations to those of you who took a punt on this one over the past couple of weeks . It is currently up about 50%


Globo ahead of market forecasts
StockMarketWire.com
International mobile solutions and software-as-a-service provider Globo will report full-year results ahead of market forecasts.

Revenues for the year to the end of December are expected to have risen by approximately 28% to 58m.

Globo says revenue in 2012 from continuing operations excluding the 11-month contribution from divested Greek operations was 46m, compared to the adjusted amount of 27.8m in 2011, an increase of approximately 66%.

Earnings before interest, tax, depreciation and amortisation for the year are expected to be at least 29m, an increase of approximately 42% over the previous year.

Continuing operations contributed the substantial majority of total profits, ahead of market expectations, being derived mainly from the hroup's mobile software product sales which currently represent over 90% of the continuing operations of the hroup.

Globo says this excellent performance is a result of continued strong demand for its products in the international mobile consumer and enterprise applications markets.

At 8:04am: (LON:GBO) share price was +2.75p at 30.5p


Story provided by StockMarketWire.com

Globo to present at the London Innovators and Investors Forum - They will have something to shout about, with this trading update. Thanks chessplayer.

The tips in both the I C and SHARES suggest that there is much good news still on the way regarding prospects in the U.S.

UPDATE: Globo tops forecasts as GO!Enterprise sales soar
3:10 pm by John Harrington RBC values Globo at 55p using its discounted cash flow model. With the shares currently trading at 30.5p, up 9.9% on the day, that makes the shares a ‘buy’ in RBC’s view.

---Adds broker comment and share price reaction---

Booming sales of Globo’s (LON:GBO) business–focused GO!Enterprise software will see the company top market expectations for 2012.

Go!Enterprise sales jumped by more than 500% to €12mln last year and helped to lift underlying group revenues by 66% to €46mln.

GO!Enterprise is Globo’s flagship product in the rapidly growing Bring-Your-Own-Device (BYOD) market and enables employees to bring workplace email, data, and applications securely onto their personal smartphone or tablet.

Underlying earnings (EBITDA) in 2012 will 42% higher at a minimum €29 mln.

The ongoing mobile software businesses contributed the majority of profits. During the year the company disposed of its legacy Greek businesses. Including the Greek operations total revenues rose 28% to €58 mln.

The company’s two consumer software businesses, CitronGO! and GO!Social posted combined revenues 25% ahead at €29 mln.

The sale of the Greek operations has resulted in a significant positive impact on the group's business and balance sheet, Globo said, with cash at the year end rising to €19 mln.

Globo added that US acquisition Dialect Technologies had been successful in all respects and is now the hub of the US operations and sales for GO!Enterprise.

The US market will become a very significant contributor to future group performance, the company added and its plans include acquisitions of technology firms that operate in similar fields of the mobile market focusing on the US and UK.

Globo's chief executive, Costis Papadimitrakopoulos, said: "This was another excellent year for Globo. Starting with the acquisition of Dialect in February and continued demand for our solutions throughout the year, we ended 2012 with a strategic and well executed divestment from our Greek operations.

"For us, 2012 was the year in which Globo completed its transformation into a truly international technology vendor in the hottest place in the technology market today - enterprise mobility and BYOD."

The sparkling trading update prompted house broker RBC Capital Markets to revise its GO!Enterprise revenue forecast for 2013 (FY13) by 11% to €18mln.

“GO!Enterprise FY12 revenues should be 20% ahead of our estimates and we believe the prospects for this product suite remain significantly undervalued by the market,” asserts RBC’s Andrew Dunn.

“Expected EBITDA of 'at least' €29M is above our old €25.9M forecast which we are revising to €28.1M, and Globo has achieved this growth whilst generating positive free cash flow which we find impressive, and unusual in a technology company with such high growth,” the broker added.

“The deals Globo has already signed offer access to millions of potential subscribers, and with high associated software margins, we believe GO!Enterprise has potential to become the core profit driver of the group. The statement speaks of initial deals in the US and increased confidence this region will become 'a very significant contributor to future group performance', and we remain hopeful of further news flow,” RBC said.

In the broker’s view, the shares deserve to be re-rated given “clear evidence of traction”. The broker notes that on next year’s projected earnings per share, it still trades on a measly price/earnings ratio of 5.9, or an enterprise value/EBITDA ratio of just 2.8.

The broker values Globo at 55p using its discounted cash flow model. With the shares currently trading at 30.5p, up 9.9% on the day, that makes the shares a ‘buy’ in RBC’s view

Held its gains for the day. Lets hope we see this 55p in the not to distant future.

Edmond Jackson's Stockwatch: Globo

http://www.iii.co.uk/articles/71667/edmond-jacksons-stockwatch-globo

A buy in this weeks shares mag - Analysts at broker RBC Capital Markets anticipate 2012 revenues of £40m increasing to £52.1m and £70.2 m this year and next. That would imply earnings per share doubling to 3.5p in 2012, before hitting 5.2p and 7.8p over the next two years. Such growth leaves the stock on just 6.4 times and 4.3 times earnings for 2013 and 2014.

Flying

FOR IMMEDIATE RELEASE
27 February 2013

GLOBO Plc ("Globo" or the "Group")

Signs North America Distribution Agreement with Ingram Micro; Announces Enterprise Mobility in a Box® for SMBs


NEW YORK - Feb. 25, 2013 - Globo (LSE-AIM: GBO), the international leader and technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, today announced it has signed a distribution agreement with Ingram Micro Inc. (NYSE: IM). Under the terms of the agreement, the Ingram Micro Mobility division will provide Globo's revolutionary enterprise mobility solutions for the Enterprise and Small and Medium Business (SMB) market to authorised resellers in the United States and Canada.

Ingram Micro Mobility will act as an exclusive distributor in North America for Globo's new product, GO!Enterprise - Enterprise Mobility in a Box®, which will be showcased at GSMA's Mobile World Congress in Barcelona beginning 25 February 2013, with commercial launch scheduled within the following month.

"The addition of Globo's GO!Enterprise platform to our lineup allows Ingram Micro resellers to provide an even wider portfolio of solutions to serve the growing number of customers looking to mobilise their business operations," said Bashar Nejdawi, president Ingram Micro Mobility, North America. "We're committed to offering products to our reseller customers that provide them with ever-expanding opportunities for success in a competitive marketplace and Globo's portfolio of mobile solutions is an essential addition to our mobile offering."

GO!Enterprise - Enterprise Mobility in a Box® ("GO!Enterprise BOX") is a revolutionary and innovative approach to Enterprise Mobility for SMBs that allows small businesses with up to 150 devices to securely run and manage their BYOD (Bring Your Own Device) mobile workforce through the Globo cloud infrastructure.

Everything required for enterprise mobility management is provided literally "out of the box" and is hosted in the cloud. The comprehensive solution includes hosted Microsoft Exchange accounts, cloud hosting and file storage, GO!Enterprise Office productivity and collaboration apps, an integrated development studio for creating customised Apps, and an Enterprise Mobility Management console to manage and protect corporate assets.

GO!Enterprise BOX is a plug and play solution that requires zero IT resources or specialised technical knowledge. Available on a pay-as-you-go annual licensing model, it minimises any up-front costs and ensures an exact match with business needs. Now SMBs do not have to settle for a scaled down enterprise solution and can find Enterprise Mobility products anywhere, even on the shelves of major retailers.


"Enterprise mobility is a strategic initiative for organizations of all sizes and our product strategy is designed to deliver to the widest range of customers exactly what they require.Enterprise Mobility in a Box® came of out this business mindset. The distribution agreement with Ingram Micro Mobility complements exactly what we envisaged; the widespread cross-channel availability of a solution crafted for SMBs made available through one of the leading IT and mobile distributors in the world and addressing the most mature markets of USA and Canada in one move,"said Costis Papadimitrakopoulos, Globo's CEO. "This agreement with Ingram Micro Mobility is an important step in advancing Globo's global leadership and establishing our brand and solutions in the United States and Canada."

Up nearly 3 points at 39 on good volume and plenty of buying

4m buys, up 12%

UPDATE: Globo shares dial up on North American distribution deal
4:21 pm by Jamie NimmoThe deal will see Ingram Micro’s Mobility division act as an exclusive distributor in the US and Canada for Globo’s new product GO!Enterprise - Enterprise Mobility in a Box®

--adds share price and broker comments--

Shares in mobile software specialist Globo (LON:GBO) leapt today after it signed a deal with Ingram Micro that opens the door to the North American market.

The deal will see Ingram Micro’s Mobility division act as an exclusive distributor in the US and Canada for Globo’s new product GO!Enterprise - Enterprise Mobility in a Box®.

Ingram Micro, which is the world’s largest wholesale technology distributor, will supply authorised resellers in North America with Globo’s enterprise mobility solution, which allows employees from small businesses manage their workload on the move.

Shares soared 12% to 40.5p each on the news.

The product, which provides access to Microsoft’s Exchange server, cloud hosting and file storage, is to be showcased at the Mobile World Congress, which is currently happening in Barcelona, with commercial launch pencilled in for the following month.

Costis Papadimitrakopoulos, Globo’s CEO, said: “Enterprise mobility is a strategic initiative for organizations of all sizes and our product strategy is designed to deliver to the widest range of customers exactly what they require. Enterprise Mobility in a Box® came of out this business mind-set.

“The distribution agreement with Ingram Micro Mobility complements exactly what we envisaged; the widespread cross-channel availability of a solution crafted for SMBs [small and medium-sized businesses] made available through one of the leading IT and mobile distributors in the world and addressing the most mature markets of USA and Canada in one move.

“This agreement with Ingram Micro Mobility is an important step in advancing Globo’s global leadership and establishing our brand and solutions in the United States and Canada.”

In a note in January, broker RBC Capital Markets highlighted the importance of bagging a distribution partner in North America, calling it a “key region” for the company.

Today’s first steps into North America come after November’s distribution deal to launch Globo’s flagship business software product GO!Enterprise in the UK and Ireland.

A buy in this weeks Shares mag - Still a cheap share.

Globo joins FTSE AIM100 Index
RNS
RNS Number : 6414Z
Globo plc
11 March 2013



FOR IMMEDIATE RELEASE
Monday, 11 March 2013




GLOBO plc ("the Company")

Joins FTSE AIM 100 Index



Globo plc (LSE-AIM: GBO) the international leader and technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, is pleased to announce that, following the latest quarterly review by FTSE, its shares have been included in the FTSE AIM 100 Index. In addition, Globo's shares are on the reserve list for the FTSE AIM UK 50 Index.

This follows a strong performance by Globo shares since the beginning of 2013. During that period, the Company has announced a financial performance for 2012 ahead of market expectations, with revenues expected to have risen by approximately 28 per cent to €58 million (2011: €45.3 million).

Recently, at Mobile World Congress in Barcelona, the Company launched GO!Enterprise - Enterprise Mobility in a Box®, currently the only product specifically developed for the SME market, for which it also announced an exclusive distribution agreement for North America with Ingram Micro Inc.

Globo's CEO, Costis Papadimitrakopoulos, commented:

"Being included in the FTSE AIM 100 Index marks another milestone in the rapid development of Globo in the global enterprise mobility market, and reflects investor recognition of the major growth opportunity we have.

The launch of GO!Enterprise - Enterprise Mobility in a Box® and the endorsement we have received from the world's leading mobile technology distributor have generated strong interest from many of our partners and prospects around the world. This includes the UK where we are now planning an initial launch of GO!Enterprise - Enterprise Mobility in a Box® and anticipate that recognition of the GO!Enterprise brand will quickly grow among SMEs and larger enterprises."

END

Moving away from the housing theme, mobile devices software specialist Globo (LON:GBO) issues full year figures on Thursday with expectations having recently been raised by the January pre-close update.

"We have been long supporters of the story, news flow has been consistently good and the disposal of the Greek operations simplifies the proposition," notes Northland Capital Partners.

It's not all milk and honey, however, for the firm. "The inclusion of containerisation in the Blackberry 10 creates an additional competitive threat and the shares have enjoyed a very good 2013 to date," Northland notes.



http://www.proactiveinvestors.co.uk/companies/market_reports/55095/week-ahead-bellway-wolseley-and-globo-0000.html

Full year numbers Thursday, up 6.5% today

Globo plc (LSE-AIM: GBO), the international Mobile solutions, S.a.a.S and IT company, will announce its final results, for the year ended 31 December 2012, on Monday, 8 April 2013.

A presentation to analysts and private client brokers will be held at 09:30am on that day at the MWB Business Exchange, 60 Cannon Street, London, EC4N 6NP

Final Results

RNS


RNS Number : 7641B

Globo plc

08 April 2013








FOR IMMEDIATE RELEASE

8 April 2013




GLOBO Plc (“Globo” or the “Group”)



Final results for the year ended 31 December 2012



Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, announces final results for the year ended 31 December 2012.



Financial highlights

· Revenue from continuing operations UP 67.3% to €46.0m (2011: €27.5m)

· Total Revenue (including discontinued operations) UP 28.3% to €58.1m (2011: €45.3m)

· EBITDA from continuing operations UP 42% to €24.0m (2011: €16.9m)

· Total EBITDA UP 35% to €27.8m (2011: €20.6m)

· Profit before tax from continuing operations UP 43.3% to €17.2m (2011:€12.0m)

· Profit before tax (including discontinued operations) UP 47.9% to €17.9m (2011:€12.1m)

· Free cash flow, before the impact of divestment and disposals, of €1.5m for the year; €14.2m net cash at 31 December 2012 after €11.7m investments during the year (2011: €0.8m)

· International revenues 81.9% of revenue from continuing operations (2011: 79.6%)

· £9.6m of new equity raised via an institutional placing of 36.3m shares in April 2012.

Operational highlights

· Successful entry into enterprise market with GO!Enterprise achieving revenues of €12.01m (2011: €2m). In February 2013, launched GO!Enterprise - Enterprise Mobility in a Box® for SME market and signed exclusive distribution agreement with Ingram Micro for North America

· GO!Enterprise customer base growth to:

o 155,000 business-to-employee and business-to-business active licenses through the GO!Enterprise Office and Mobilizer license scheme

o 95,000 business-to-consumer active licenses through the GO!Enterprise Reach license scheme.

· Continuing success in winning partners, distributors and resellers which at the end of 2012 totalled more than 120 direct partners and 4,500 indirect (through distributors) partners

· Established US presence through acquisition in February 2012 of Dialect Technologies Inc. (renamed Globo Mobile Inc.)

· Continuing strong growth from international mobile in both consumer and enterprise segments; trading momentum sustained through successful partnership strategy

· Continued increase in customer base of CitronGO!/ GO!Social by 59.3% to approximately 2.23 million monthly users (2011: 1.4 million)

· Sold 51% of Greek business to management for €11.2m on 3 December 2012

· Since the year end significant events are driving our business forward including the Ingram Micro North America distribution agreement, followed by distribution agreements in Germany, Spain, Italy, Australia and UAE. Our innovative entry into enterprise mobility for SMEs through the GO!Enterprise - Mobility in a BOX and the GO!Enterprise247 cloud offer unlimited scopee for growth in an untapped market addressing the BYOD trend.



Barry Ariko, Non-Executive Chairman, commented:



"Management has a clear strategy for addressing the emerging enterprise mobility markets in the US, UK and Western Europe where we plan to build a leading global market position. Overall, current trading is strong and we are confident that 2013 will be a year of significant strategic progress and profitable growth for the Group."



END