Xaar’s reported numbers for 2017 were ahead of our forecasts, reflecting £10m of upfront license revenue from the agreement signed with Seiko in December 2017. Excluding this, underlying sales, profits and net cash were in line with our estimates. The group continues to show good growth in its new products and markets (sales up 23%), while sales from its legacy ceramic tile printing market continue to decline (down 20%). The transformation of the group to a more broadly based and customer focuse ....
21 Mar 2018
2017 results in line, transformation continues
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2017 results in line, transformation continues
Xaar’s reported numbers for 2017 were ahead of our forecasts, reflecting £10m of upfront license revenue from the agreement signed with Seiko in December 2017. Excluding this, underlying sales, profits and net cash were in line with our estimates. The group continues to show good growth in its new products and markets (sales up 23%), while sales from its legacy ceramic tile printing market continue to decline (down 20%). The transformation of the group to a more broadly based and customer focuse ....