Xaar updated the market last week that trading has been below expectations since the end of June. This has been driven by slower than anticipated adoption of the wellreceived new 1201 printhead and a continued aggressive decline in revenues from Xaar’s legacy ceramic tile printing market. The H1 18 results saw a fall in adjusted operating profit from £7.8m to £3.1m, a reduction in net cash to £36.8m and a rebasing of the dividend to 1.0p. We have cut our estimates to reflect the current difficul ....