XAAR PLC

Earnings Release • Jan 13, 2016

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RNS Number : 6630L

Xaar PLC

13 January 2016

13 January 2016

Xaar plc

Scheduled Trading Statement

Xaar plc ("Xaar", "the Group" or "the Company"), the digital inkjet printing technology Group headquartered in Cambridge, UK, announces an update on trading for the year ended 31 December 2015.

In line with the Board's expectations, Xaar expects to report total revenue for 2015 of approximately £93.5 million.  Since the last trading statement on 4 November 2015 sales have performed in line with expectations, with revenue growth in packaging being offset by the anticipated softening in demand in ceramic tile printing in China.

As a result of improved operating efficiency at both the Sweden and Huntingdon manufacturing sites Xaar expects to report an adjusted operating margin for 2015 of approximately 20%.

The Group remains in a strong financial position with net cash at 31 December 2015 of £70 million (30 June 2015 - £59 million). 

Preliminary Results for 2015 are expected to be announced on Wednesday 16 March 2016.

Contacts

Xaar plc
Alex Bevis, CFO	+44 (0)1223-423663
Doug Edwards, CEO	www.xaar.com
Tulchan Communications
James Macey White	+44 (0)20-7353-4200

This information is provided by RNS

The company news service from the London Stock Exchange

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