Updates

Xaar - FY25 will see jumpoff with 15p eps forecast

March 2023

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Ahead of reporting FY22 on 29 March, Xaar said it expects sales to be up 24% (9% organic) and it is on track to deliver a profit for the year despite continuing to invest in the business, with brokers expecting a £1.9m profit/eps 2.3p. Net cash was £8.6m at the year end. Further operational and strategic progress has been made: in November, Xaar launched its Aqueous printhead and by March it will have completed the factory reorganisation to deliver efficiencies. FY22 also saw Covid-19’s impact in China hitting Printhead sales and this year hinges on how fast China’s operations recover so FY23 may be a bit of a stub year. Next year, forecasts are for £90m sales, £5.1m pretax profit and eps of 5.2p but then 2025 sees real jump off t ...

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