Xaar’s year end trading update has confirmed earnings in line with expectations, but from a different revenue mix than we had anticipated. Sales into the ceramic tile printing market are lower than our forecasts, reflecting slower than expected redesign and roll-out of customer printers using the new 2001 and 2001+ print heads, along with continued competitive pressures. However sales are above expectations into all sectors of the packaging and product printing market, as are licensing revenues. ....
15 Dec 2016
N+1 Singer - Xaar - 2016 EPS guidance reiterated; different revenue mix
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N+1 Singer - Xaar - 2016 EPS guidance reiterated; different revenue mix
Xaar’s year end trading update has confirmed earnings in line with expectations, but from a different revenue mix than we had anticipated. Sales into the ceramic tile printing market are lower than our forecasts, reflecting slower than expected redesign and roll-out of customer printers using the new 2001 and 2001+ print heads, along with continued competitive pressures. However sales are above expectations into all sectors of the packaging and product printing market, as are licensing revenues. ....