Updates

Xaar - P3 printhead capacity to rise from 16k units to 25k by year end

September 2011

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Results for the six months to 30 June showed sales up by a third to Â£31.6m. The benefits of operational gearing together with yield and design improvements to the plant saw profitability grow even faster than sales, with pretax profits tripling to Â£4.3m (for eps of 4.3p). Gross margins were up from 40.6% to 43.9%.During the period, Xaar spent Â£5.2m on the addition of a third clean room at Huntingdon leaving cash of Â£20.6m. Chief executive Ian Dinwoodie expects to spend a further Â£10m in H2, to leave net cash at the year end of Â£13m. The investment is to grow capacity for the new generation P3 printheads, which has already risen year-on-year from 10,000 to 16,000 units.Sales of P3 print heads for industrial application ...

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French Connection - Reports on 19 September

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