The interim results for the six months ended 30 June 2022, released today, provide further evidence that Xaar is back on a growth path. H1 22 revenue was up 39% on H1 21 and 11% on H2 21. Organic growth was a very impressive 14% H1 on H1. These figures actually mask even stronger underlying progress, as the Printhead business was significantly constrained by the continued Covid-19 lockdown restrictions in China. Xaar is on track to launch its new aqueous printhead product in Q4 2022. The recent FFEI and Megnajet acquisitions are performing well, and all business units delivered positive adjusted EBITDA in the period.

20 Sep 2022
PROGRESSIVE: Xaar: Strong results; stronger underlying progress

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PROGRESSIVE: Xaar: Strong results; stronger underlying progress
Xaar plc (XAR:LON) | 124 -4.3 (-2.8%) | Mkt Cap: 99.1m
- Published:
20 Sep 2022 -
Author:
Ian Robertson -
Pages:
7 -
The interim results for the six months ended 30 June 2022, released today, provide further evidence that Xaar is back on a growth path. H1 22 revenue was up 39% on H1 21 and 11% on H2 21. Organic growth was a very impressive 14% H1 on H1. These figures actually mask even stronger underlying progress, as the Printhead business was significantly constrained by the continued Covid-19 lockdown restrictions in China. Xaar is on track to launch its new aqueous printhead product in Q4 2022. The recent FFEI and Megnajet acquisitions are performing well, and all business units delivered positive adjusted EBITDA in the period.