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Xaar - P4 printheads to expand market into books

September 2012

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:
  • Xaar
  • Price:
  • 230.8p
Results for the six months to 30 June showed record sales of £31.6m, up 20% on H1 11 and up 2% sequentially. But the benefits of operational gearing together with yield and design improvements to the plant once again translated to profitability growing even faster than sales, with pretax profits of £6.7m up 56% on H1 11 and up 6% sequentially.  Eps was 7p.During the period, Xaar spent the final £4.6m of the originally planned £22m capacity expansion programme at Huntingdon (leaving cash of £15.7m). Overall capacity now stands at 45,000 print heads but three shift working would lift this to 68,000 annually. Sales of P3 print heads for industrial applications, such as digital printing on ceramic tiles, was the main ...

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