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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Xaar Plc | LSE:XAR | London | Ordinary Share | GB0001570810 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6.50 | 5.80% | 118.50 | 112.00 | 119.00 | 118.00 | 117.50 | 117.50 | 111,129 | 16:35:24 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Printing, Nec | 72.78M | 1.63M | 0.0208 | 56.73 | 92.73M |
From Apr 2019 to Apr 2024
TIDMXAR
RNS Number : 9976D
Xaar PLC
13 July 2016
13 July 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 six months ended 30 June 2016.
Trading in the first half of the year was in line with the Board's expectations, and Xaar expects to report total revenue for the six months ended 30 June 2016 of approximately GBP44 million (H1 2015 GBP47.8 million, H2 2015 GBP45.7 million). Sales by application were consistent with the second half of 2015, after allowing for the expected impact of Chinese New Year.
On 1 July 2016 Xaar completed the acquisition of Engineered Printing Solutions ("EPS"), a leading provider of product printing equipment in North America, for initial consideration of $11m (GBP8.2m). This acquisition is Xaar's first as part of the Company's strategic vision to achieve GBP220m of annual sales by 2020.
The Group's net cash position at 30 June 2016, before the acquisition on 1 July, was GBP69 million (31 December 2015 GBP70 million).
The Company expects to announce Interim Results for 2016 on 24 August 2016. A Capital Markets Day, to be held at Xaar's facilities in Cambridge and Huntingdon, is planned for 20 September 2016.
Contacts
Xaar plc Alex Bevis, CFO +44 (0)1223-423663 Doug Edwards, CEO www.xaar.com Tulchan Communications James Macey White Chloe Barnes Nick Hennis +44 (0)20-7353-4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTQLLFFQDFXBBK
(END) Dow Jones Newswires
July 13, 2016 02:00 ET (06:00 GMT)
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