Updates

Xaar - Trundles towards high viscosity printhead launch in Q4

October 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.

Xaar’s latest H1 shows sales up 39% to £36.6m (14% organic excluding its acquisitions of FFEI and Megnajet). Adjusted pretax profit was £1.4m, a turnaround from a £1.6m loss, for eps of 0.9p. Net cash was down from £17.1m to £12.7m.After encountering weaker demand in H1 last year, the historical problem child, the Product Print Systems business (EPS), which produces a range of printers for inkjet and pad printing on odd shaped objects (eg. saw blades, golf balls) has had an astonishing comeback. The printer ranges have been simplified by newly installed management and margins improved. Following a +34% year-on-year increase in H2, latest H1 saw sales +51% to £9.2m. However, it is the newer Xaar printhead bit that I’m interest ...

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