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Xaar - New uses in EV battery coating

April 2025

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:
  • 74.5p
Xaar’s FY24 results show sales down 13% to £61.4m, primarily due to delays by OEMs in launching new products and a faster-than-anticipated decline in ceramics. Operating expenses fell 16% to £21.6m. Pretax profit came in at £0.3m from £2.9m. However, net cash increased by 23% to £8.7m, driven by improvements in working capital. Within the mix, the Printhead segment (industrial inkjet printheads) saw revenue decline by 10% to £33.5m. This was mainly due to a 50% drop in ceramic revenues to £7.5m, which has overshadowed developments in other areas, including Coding & Marking, Direct-to-Shape and the Packaging and Textiles sectors. Whilst ceramics’ cyclical downturn has troughed and is 17% of sales, Xaar said New Printhead busine ...

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