Xaar has confirmed H1 16 trading in line with expectations, with sales of c.£44m. This is in line with the run-rate achieved in H2 15, adjusted for normal seasonality. We have made no changes to our forecasts, which already assume 2016 underlying sales at this run-rate, plus an initial contribution from Engineered Printing Solutions which was acquired on 1st July. The balance sheet remains strong, with net cash of c.£69m at the period end. The group’s strategy remains on track, with first commer ....
13 Jul 2016
N+1 Singer - Xaar - H1 trading in line with expectations
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N+1 Singer - Xaar - H1 trading in line with expectations
Xaar has confirmed H1 16 trading in line with expectations, with sales of c.£44m. This is in line with the run-rate achieved in H2 15, adjusted for normal seasonality. We have made no changes to our forecasts, which already assume 2016 underlying sales at this run-rate, plus an initial contribution from Engineered Printing Solutions which was acquired on 1st July. The balance sheet remains strong, with net cash of c.£69m at the period end. The group’s strategy remains on track, with first commer ....