• Globo PLC (GBO)

Technology group Globo's full year revenues have exceeded market expectations growing by around 31% to €23.4m. The firm's year-end update says that despite the global recession it maintained and strengthened its leading position in its traditional market as well as expanding into emerging markets where it is starting to win new contracts with "the potential to transform the group". Operating cash flows for the year increased by 295% to €8.1m with net borrowings at the end of the year remaining in line with the end of 2008. The level of net debt was higher than market expectations due to slow settlement, by the Greek government, of invoices with a total value of €5.5m. The group expects to receive substantially all of this during the first half of the current year.

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