Xaar has given an update on trading during H1 18. While the group continues to make progress in its new products and markets, the decline in sales from its legacy ceramic tile printing market has been sharper than anticipated. Management has lowered its expectations for sales to this market and initiated a corresponding cost reduction programme to align capacity with demand. The group aims to make savings of c.£2m in H2 18 such that FY18 adjusted PBT remains in line with market expectations, alt ....
27 Jun 2018
Ceramics below expectations; cost reduction plan
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Ceramics below expectations; cost reduction plan
Xaar has given an update on trading during H1 18. While the group continues to make progress in its new products and markets, the decline in sales from its legacy ceramic tile printing market has been sharper than anticipated. Management has lowered its expectations for sales to this market and initiated a corresponding cost reduction programme to align capacity with demand. The group aims to make savings of c.£2m in H2 18 such that FY18 adjusted PBT remains in line with market expectations, alt ....