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Xaar - Surprise profit in H2 21

February 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • XAR
  • Price:
  • 217p
The shares shot back over £2 after Xaar’s pre-close statement said it expects to report sales for FY21 of £59m, up 23% on FY20 (12% organic excluding the acquisition of FFEI). Good cost management actions mean it will report a modest profit for the second half of the year, rather than the £1.6m loss brokers had been expecting. Net cash at the year end was £25.2m. In particular, the printhead business performed well with its printheads being incorporated into a new generation of machines being designed by several customers, and FFEI (which contributed £6m to sales) has been helping in this regard. Xaar continues to successfully roll out the ImagineX platform and launched two new products - Xaar Nitrox last April and Xaar Irix in Se ...

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