Xaar’s update for the year ended 31 December 2022, issued today, states that revenue is expected to be c.£74m and adjusted PBT ‘on track’. This revenue figure is slightly ahead of our estimate but more importantly 24% ahead of the prior year, with much of this growth having been organic. We adjust our expectations for FY23 to reflect an element of ongoing caution on China, as well as cost increases across the business. However, with its aqueous printhead, Aquinox, successfully launched and the ....
12 Jan 2023
PROGRESSIVE: Xaar: Strong FY22 but China and costs impact FY23
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PROGRESSIVE: Xaar: Strong FY22 but China and costs impact FY23
Xaar plc (XAR:LON) | 105 0 0.0% | Mkt Cap: 83.0m
- Published:
12 Jan 2023 -
Author:
Gareth Evans | Ian Robertson -
Pages:
4
Xaar’s update for the year ended 31 December 2022, issued today, states that revenue is expected to be c.£74m and adjusted PBT ‘on track’. This revenue figure is slightly ahead of our estimate but more importantly 24% ahead of the prior year, with much of this growth having been organic. We adjust our expectations for FY23 to reflect an element of ongoing caution on China, as well as cost increases across the business. However, with its aqueous printhead, Aquinox, successfully launched and the ....